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Panama City / BLOOMBERG Panama’s free trade zone — the biggest in Latin America — is in crisis in large part because of economic woes sapping major export customers Venezuela and Colombia, Commerce Minister Augusto Arosemena said. “The patient (the Colon Free Trade Zone) is in a coma because re-exports have gone down and some companies have closed,” he told ...

Bloomberg For farmers who grow some of the biggest U.S. crops, choosing what to plant this year has become a bet on which one will lose less money. A three-year plunge in prices has sent farm income to the lowest in more than a decade and left parts of the Midwest agricultural economy in recession. While growers probably would lose ...

Dubai / WAM Emirates will launch a daily service from Dubai to Yangon (RGN) in Myanmar and Hanoi (HAN) in Vietnam, starting August 3, 2016. Utilising a Boeing 777-300ER aircraft in a three-class configuration, this new route will strengthen Emirates’ network of destinations in Southeast Asia, offer a new flight option to passengers travelling between Hanoi and Yangon, and open ...

Sharjah / Emirates Business Within a day of its opening, the ongoing multi-industry show at Expo Centre Sharjah has become the region’s favorite hunting sourcing ground for new technology and equipment. The 3rd Plastivision Arabia, 3rd Arabia Mold and 2nd Print Pack Arabia got under way at Expo Centre Sharjah on Monday and ended on Thursday. “Top executives, decision-makers and ...

Dubai / Emirates Business The German National Tourism Board (GNTB) concluded its 2016 version of the recurring Roadshow “Dalla fi Almania”, an annual event that joins the board’s top tourism partners in Germany, including airlines, tourism boards and companies, hotels, travel agencies, and marketing fi“rms. The 2016 show was kicked off in Kuwait and concluded in Dubai on the 24th, ...

Dubai / Emirates Business Health experts from the Dubai Health Authority (DHA) discussed the importance of early treatment for psoriasis not only to treat the disease with minimum complications but also to prevent the onset of other diseases. Psoriasis is a chronic non-contagious systematic disease that presents itself in the form of red patches covered by white scales all over ...

Brisbane / WAM As part of his tour in Brisbane City, Dr. Obaid Al Hiri Salem Al Ketbi, UAE Ambassador to Australia, has met the Head of the Government of Queensland, Australia, Annastacia Palaszczuk. During the meeting, they reviewed co-operation in the areas of economy, tourism and education, as well as ways to encourage investment, cultural exchanges and deepen the ...

DUBAI / WAM Jebel Ali Free Zone Authority (Jafza) attracted more than 55 new food and beverage companies last year from 20 countries around the world. Sultan Ahmed bin Sulayem, Executive Director of DP World Group, Chairman of Ports, Customs and Free Zone Corporation in Dubai, said that Jafza strengthens the strategic location of the UAE in general and Dubai ...

Dubai / Emirates Business Dubai real-estate developer Azizi Developments has announced the launch of Royal Bay Residence, an exclusive collection of 90 fully serviced luxurious residential apartments situated on the crescent of Palm Jumeirah, next to Anantara Hotel. The new project is part of company’s Dh4.5 billion development plan to build thousands of flats in Nakheel’s Al Furjan project and ...

Beijing / Bloomberg China’s stocks slumped by the most in a month after money-market rates jumped. The Australian dollar fell on concern investment is weakening while oil resumed declines and gold advanced. The MSCI Asia Pacific Index of shares halted two days of losses, while China’s equities slumped as concern increased that recent gains were overdone relative to the outlook ...