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Sharjah / WAM The Sharjah Commerce and Tourism Development Authority (SCTDA), announced that it is aiming to attract more Russian visitors this year as an increasing number of tourists from the country continue to flock to the emirate to experience first-hand its world-renowned hospitality and unique cultural heritage. According to the 2018 figures released by SCTDA, Russian visitors, ranked second on ...

Bloomberg China’s exports unexpectedly contracted in August, with sales to the US tumbling amid the escalating trade war between the two nations. Exports decreased 1 percent in dollar terms from a year earlier, while imports declined 5.6 percent, leaving a trade surplus of $34.84 billion, the customs administration said. Economists had forecast that exports would grow 2.2 percent, while imports ...

Bloomberg The senior manager at Nissan Motor Co who led the probe into excess compensation for Chief Executive Officer Hiroto Saikawa and other executives is resigning, people with knowledge of the matter said, the latest sign of chaos engulfing the Japanese automaker’s top ranks. Christina Murray, Nissan’s vice president in charge of audit and compliance, will leave the carmaker as ...

Bloomberg President Donald Trump said that he cancelled secret meetings with major Taliban leaders and the president of Afghanistan, set for Sunday at Camp David, and discontinued peace negotiations after a US soldier was killed. The sudden demise of the talks may doom direct US negotiations with the Taliban that held out the prospect of ending 18 years of combat ...

Bloomberg Facebook Inc and Google are facing intensifying scrutiny by state law enforcement officers with authority to impose vast fines and even break up companies that are found to have violated antitrust and privacy rules. New York is leading a coalition of states in a wide-ranging investigation of Facebook and the Texas attorney general said that he’ll announce a separate ...

Bloomberg Volkswagen AG said it is shuffling the leadership at its Moia unit to map out next steps in the development of its ride-sharing operations. Ole Harms, who has led Moia since its founding in 2016, will take on “a new, responsible task” within the world’s biggest automaker, the German manufacturer said in a statement. His successor will be the ...

Bloomberg Subsidies paid to UK farmers could be replaced after Brexit by cash from selling carbon credits, inducing more landowners to plant trees and protect marshlands that sequester greenhouse gases. Carbon farming has gained traction alongside markets that put a price on pollution. It’s an agricultural technique that stores carbon dioxide emissions by regenerating soil and vegetation. Farmers can potentially ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, emphasised that the UAE today has become an inspiring and a distinguished role model in the region as many countries across the globe are watching its achievements. His Highness Sheikh Mohamed bin Rashid made these remarks while presiding ...

Sharjah / WAM The Sharjah Economic Development Department (SEDD), announced that the emirate’s economic development indicators have achieved remarkable growth in the first half of 2019, with 31,190 licences issued or renewed, posting a growth rate of four percent. The SEDD report revealed that business licences issued during this period hit an increment of 15 percent with 2,740 while renewed ...

Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec) will showcase the positive impact that nuclear energy has economically, socially and environmentally at the 24th edition of the World Energy Congress. The four-day event at Adnec is being held under the patronage of President His Highness Sheikh Khalifa bin Zayed Al Nahyan and Enec will highlight the transformational potential ...