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Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, received Radek Vondracek, Chairman of the Czech Lower House of Parliament, and his accompanying delegation, on Tuesday. Sheikh Mohammed welcomed the official and wished him a successful visit that would pave the way for building up relations between ...

DUBAI / WAM Dubai has retained its ranking as the fourth most visited city in the world for the fourth straight year, according to Mastercard’s Global Destination Cities Index (GDCI), 2018. The city welcomed 15.79 million overnight visitors last year and with a projected growth rate of 5.5 percent, the emirate is expected to witness another year of steady expansion ...

Abu Dhabi / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, and Radek Vondracek, Speaker of the Chamber of Deputies of the Czech Republic, discussed ways of reinforcing the overall economic and commercial ties between the UAE and the Czech Republic. While receiving Vondracek and his delegation in Abu Dhabi, Al Mansouri said that the UAE has strong economic ...

Bloomberg President Donald Trump called on the rest of the world to isolate Iran and said a US campaign of “economic pressure” would turn back the Islamic Republic’s aggression, in his second address to the United Nations General Assembly. Trump declared in his speech that America, under his leadership, had achieved new economic and military heights. While he ran for ...

Bloomberg Oyo Hotels, an Indian startup for booking reliable rooms in the country’s chaotic lodging market, is raising $1 billion to fund expansion into China and other global regions. Existing investors including SoftBank Vision Fund, Sequoia Capital and Lightspeed Venture Partners have put in $800 million, with commitments for another $200 million, the company said. About $600 million of the ...

Bloomberg North Korea signalled it wants investments from South Korean companies to help modernise the secluded country, said a top executive in the business delegation that visited Pyongyang last week. North Korea wants to have economic cooperation and technical assistance from the South, Sohn Kyung-shik, the 79-year-old co-chairman of CJ Group and the head of the Korea Employers Federation, told ...

Bloomberg The founders of Instagram are leaving Facebook Inc. after growing tensions with Chief Executive Officer Mark Zuckerberg over the direction of the photo-sharing app, people familiar with the matter said. The stock dropped 2 percent in pre-market trading on Tuesday. Kevin Systrom and Mike Krieger, who have been at the company since Instagram’s acquisition by Facebook in 2012, had ...

Bloomberg Johnson & Johnson’s latest trial over claims that its baby powder causes cancer ended in a stalemate when jurors couldn’t agree on a verdict. A state judge in Pasadena, California, declared a mistrial after jurors deadlocked on Carolyn Weirick’s request for at least $25 million in damages over her mesothelioma, a cancer linked to asbestos exposure. Weirick said she ...

Bloomberg Google Chief Executive Officer Sundar Pichai said he will meet with lawmakers on Capitol Hill this week as his company and other internet giants face increasing scrutiny from conservatives who allege that their views are being censored online. “I look forward to meeting with members on both sides of the aisle, answering a wide range of questions, and explaining ...

Bloomberg In Rupert Murdoch’s six decades of media dealmaking, UK broadcaster Sky Plc stands out as the one that got away. The octogenarian may still have the last laugh. While Murdoch’s 21st Century Fox Inc. lost out to Comcast Corp. in a weekend auction of the UK pay-TV company he launched almost three decades ago, the global media magnate now ...