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Abu Dhabi / Emirates Business Jubail Island Investment Company (JIIC) announced the appointment of Gulf Contractors Company (GCC) to commence enabling works for the AED5 billion Jubail Island that was recently launched in Abu Dhabi. Enabling works are scheduled for completion in January 2020. Enabling works are generally associated with large-scale land development projects and entail major earthworks and grading ...

Dubai / WAM Dubai’s unemployment rate reached 0.5 per cent last year, while the refined economic participation rate as a percentage of total working-age population reached 83.2 percent, according to the Labour Force Survey 2018 published by Dubai Statistics Center. Arif Al Mehairi, Executive Director of Dubai Statistics Center, said: “The results of the Labour Force Survey 2018 illustrate the ...

Bloomberg Huawei Technologies Co has stockpiled enough chips and other vital components to keep its business running for at least three months as the US curtails its access to American technology, people familiar with the matter said. The Trump administration blacklisted China’s largest tech company — which it accuses of aiding Beijing in espionage — threatening to cut off the ...

Bloomberg At the age of 75, Mikiko Kuzuno found herself recently laid off and applying for a job at a factory near Tokyo. She insisted on making the application in person. “I asked them to please take a look at me,” she said. “I wanted to show them how healthy I am. Some people are very frail.” Kuzuno, 78, is ...

Bloomberg CBS Corp’s seemingly inexorable march towards acquiring Viacom Inc. may take a detour. The broadcasting giant recently talked to Lions Gate Entertainment Corp about buying that company’s Starz cable network, according to people familiar with the matter, a deal that could happen alongside a potential purchase of Viacom. CBS made an informal bid of about $5 billion that was ...

Bloomberg California investigators have determined that PG&E Corp.’s power lines ignited the deadliest blaze in state history, opening the door for more liabilities that the company has already warned may exceed $30 billion. A transmission line owned by PG&E sparked the Camp Fire that killed 85 people and destroyed an entire town in November, the California Department of Forestry and ...

Bloomberg New York denied a key permit for a $1 billion Williams Cos. shale gas pipeline, dealing a critical blow to a project that would shuttle fuel to customers in New York City and Long Island. The New York State Department of Environmental Conservation said that the pipeline would result in water quality violations, including those caused by kicking up ...

Bloomberg Saudi Arabia does not want a war with Iran but will respond “with strength and determination” if Iran decides to start one, a top Saudi official said. “We don’t want a war in any way, but at the same time we won’t allow Iran to continue its hostile policies towards the kingdom,” Minister of State for Foreign Affairs Adel ...

DUSHANBE / WAM The UAE is deeply committed to fighting terrorism and drying up the sources of its financing and stressed the need for strengthening regional and international multilateral cooperation to address challenges related to terrorism. Delivering the UAE statement before the plenary opening session of the high-level “Conference on International and Regional Cooperation in Countering Terrorism and its Financing ...

DUBAI / Emirates Business The Dubai Smart City Accelerator (DSCA), the first industry-focused accelerator award winning program of its kind in the Mena region, has issued an open call for applications from global startups dedicated to innovative smart city solutions to join its third cohort. DSCA was launched in May 2017 by Dubai Silicon Oasis Authority (DSOA) in collaboration with ...