Dubai / Emirates Business Gulf Craft, the Emirates pioneer builder of luxury yachts and leisure boats arrives at the 27th edition of the Dubai International Boat Show with a fleet of 12 vessels. The triple-deck Majesty 140, the biggest superyacht in Gulf Craft’s collection for this year’s show is a masterpiece that will capture all the attention. The award-winning Majesty ...
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Abu Dhabi attracts 10mn visitors in ’18
Abu Dhabi / WAM Abu Dhabi has welcomed 10.27 million international visitors in 2018, with the emirate also posting figures showing incredible growth over the last three years, powered by the addition of a host of world-class events and enhancements to all of its specialised tourism sectors, massive improvements to its infrastructure, and significant development of its cultural assets. The ...
Read More »China-backed trade pact faces fresh hurdles amid Bali talks
Bloomberg A bid to kick-start a China-backed trade pact that would cover a third of the global economy is facing a fresh hurdle as upcoming elections across Asia and the Pacific threaten to stall progress on reaching a deal. With fallout from trade ructions between US and China endangering global growth, the Regional Comprehensive Economic Partnership (RCEP), is seen as ...
Read More »Hong Kong cuts budget handouts with slowing economy in view
Bloomberg Hong Kong’s economic growth is forecast to slow this year as the city grapples with weaker property values and the fallout from US-China trade tensions, leading to a more modest range of budget handouts than last year. The economy will grow by 2 percent to 3 percent, Hong Kong Financial Secretary Paul Chan said, after the 3 percent pace ...
Read More »AT&T defeats US bid to kill $85bn Time Warner deal
Bloomberg AT&T Inc. beat back another effort by the US to undo its purchase of Time Warner, cementing an $85 billion deal to help it compete with Netflix Inc. The US Appeals Court in Washington said the Justice Department failed to establish that a lower-court judge made a clear error when he rejected the government’s case that AT&T should be ...
Read More »US antitrust task force targets technology giants
Bloomberg US antitrust enforcers are zeroing in on technology giants following years of criticism that they haven’t done enough to rein in dominant internet companies like Alphabet Inc.’s Google and Facebook Inc. The Federal Trade Commission said it’s creating a task force led by senior competition officials and 17 staff lawyers to investigate potentially anticompetitive conduct by technology companies. It ...
Read More »GE’s CEO tells investors cutting debt comes first in revamp
Bloomberg General Electric Co.’s new boss wants to reassure shell-shocked investors that he knows just how tough the past year has been — and that he has a plan to turn things around. In his first annual shareholder letter, Chief Executive Officer Larry Culp outlined his priorities as he tries to pull the iconic manufacturer out of a tailspin. After ...
Read More »Imran Khan calls for dialogue after two Indian jets shot down
Bloomberg India said an air force pilot was missing after Pakistan said it had shot down two Indian fighter jets, as relations between the arch rivals worsened amid the possibility of a full blown war. India has yet to ascertain that the missing pilot is in Pakistan’s custody, said Raveesh Kumar, foreign ministry spokesman in a media briefing in New ...
Read More »Mohamed visits Seoul National Cemetery
Seoul / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Tuesday visited the Seoul National Cemetery at the beginning of his official visit to the Republic of Korea. The visit to the memorial began with a flag-saluting ceremony. His Highness then laid a wreath ...
Read More »Duphat 2019 kicks off in Dubai
DUBAI / WAM HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance, and President of the Dubai Health Authority, on Tuesday officially opened the 24th edition of Dubai International Pharmaceutical and Technology Conference and Exhibition (Duphat), at the Dubai International Convention and Exhibition Centre. Running until February 28, Duphat brings together leading pharmaceutical experts, industry ...
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