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Sharjah / WAM Sharjah Airport has announced that it registered a growth of 4.34 percent in passenger movement during the first half of 2018, with the number of passengers increasing to more than 5.731 million, compared with 5.493 million passengers in the same period of 2017. The increase is a result of newly expanded service offerings for both passengers and ...

Bloomberg Elliott Management Corp. said it was seeking compensation for at least $770 million in damages from South Korea over how its former administration intervened in the merger of Samsung C&T Corp. and Cheil Industries Inc. in 2015. Billionaire Paul Singer’s New York-based hedge fund had submitted the dispute for arbitration and urged the government to pay the damages in ...

Bloomberg Apple Inc. has lost a trio of pivotal executives in India in recent weeks as it struggles to boost iPhone sales in the world’s fastest-growing major smartphone market, people familiar with the matter say. Among the executives who’ve departed are its national sales and distribution chief, the head of its commercial channels and mid-market business, and the head of ...

Bloomberg The European Commission proposed ways to resolve the Trump administration’s concerns over the functioning of the World Trade Organization (WTO), in a bid to avert a looming crisis that could undermine the WTO’s ability to arbitrate trade disputes. “The dispute settlement function of the WTO is at grave danger, and swift action by members is needed to preserve it,” ...

Bloomberg The US Commerce Department has lifted the ban on American firms selling products to China’s ZTE Corp., removing the final hurdle for the company to start rebuilding its business. The ban was removed after ZTE paid the final tranche of a $1.4 billion penalty by placing $400 million in escrow at a US bank, the department said. That sum ...

Bloomberg Walt Disney Co.’s $71 billion deal with 21st Century Fox Inc. won the endorsement of influential proxy advisers Institutional Shareholder Services Inc. and Glass Lewis & Co., giving the entertainment giant another edge over rival suitor Comcast Corp. Both firms recommended that Fox shareholders vote in favor of the transaction during a July 27 investor meeting, with Glass Lewis ...

Bloomberg An IS suicide bomber killed at least 159 people in Pakistan on July 13 in one of the country’s worst attacks in living memory ahead of a tense July 25 national election. The blast also injured 200 others at an election rally in northwestern Mastung in the restive province of Balochistan, Ali Ahmed, a rescue worker in Mastung told ...

DUBAI / WAM Dubai Multi Commodities Centre (DMCC), the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, signed a Memorandum of Understanding (MoU) with China Council for the Promotion of International Trade (CCPIT), the largest official institution for the promotion of foreign trade in China. Designed to strengthen the commercial collaboration between the Chinese ...

ABU DHABI / WAM Sharjah Economic Development Department (SEDD), signed an Memorandum of Understanding (MoU), with Emirates NBD in order to develop services provided to customers and promote the economic development in the emirate. This is done through offering digital services that contribute to enhancing the reliance on paperless procedures and giving customers the option of electronically querying the licenses ...

Abu Dhabi / WAM DCT Abu Dhabi has signed an agreement with Dubai-based Emaar Properties to support the ‘Promoting Culture’ initiative. The initiative seeks to enrich the reading community in the UAE and the Arab region as a whole, by financing the local translation and publishing industry and developing its printing and distribution mechanisms. The agreement was signed by Saood ...