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Dubai / Emirates Business Total value of 543 active hospitality projects in the UAE reached $71.6 billion (AED262.77 billion) at the beginning of September 2017, according to BNC Network, the largest and most comprehensive project research and intelligence provider in the Middle East and North Africa (MENA) region. The hospitality sector constitutes 6 percent of all active projects in the ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, , said that the UAE’s journey of progress, since it was launched by the late Sheikh Zayed bin Sultan Al Nahyan, to its completion by the UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan, along with ...

Sharjah / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, on Tuesday opened the third edition of the Sharjah FDI Forum. The two-day forum is organised by Sharjah Investment and Development Authority, Shurooq, and Sharjah FDI Office, Invest in Sharjah, and includes nine working sessions. The two-day forum is organised by ...

Bloomberg President Donald Trump told world leaders in his first address to the United Nations that North Korea’s pursuit of nuclear weapons is a suicide mission that will lead to its destruction if not stopped by collective action by the rest of the world. Trump delivered unusually stark denunciations of both North Korea and Iran, telling his audience—including officials from ...

Bloomberg Chinese property developers face a wall of local bonds that investors can force them to pay off next year ahead of schedule, just as rising interest rates raise the risk that more note holders may opt to do so. Investors have an option to offload $38 billion of such notes in 2018, according to Bloomberg data. To put some ...

Bloomberg Alibaba Group Holding Ltd. plans to invest about $100 million in Best Inc.’s initial public offering, after the Chinese logistics provider cut the size of the deal nearly in half, according to people with knowledge of the matter. Best is seeking as much as $495 million from the IPO after it reduced the price range and existing investors decided ...

­­­­­­­­­­­Bloomberg Caroline Atkinson, an experienced diplomat Google hired last year to steer its global policy efforts, is stepping aside from that management role. Google confirmed her move but said it was an administrative change designed to place oversight of the policy role at its Mountain View, California, headquarters, and Washington-based Atkinson will stay on as chief policy adviser. Leslie Miller, ...

Bloomberg Two weeks ago, Puerto Rico was spared a devastating hit when Hurricane Irma ripped up the Caribbean. This time, it may not be so lucky. The bankrupt island, already contending with the aftermath of a storm that left as much as $1 billion of damage and hundreds of thousands still without power, faces even more upheaval with Hurricane Maria ...

Bloomberg Uber Technologies Inc. is accustomed to getting sued. Now it’s doing the suing. And it’s partly thanks to Breitbart News. The global ride-hailing company is taking advertising agency Fetch Media Ltd. to court for click fraud, alleging that the firm improperly billed Uber for “fake” online ads and took credit for app downloads it had nothing to do with. ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, inaugurated the Mohammed bin Rashid Arabic eLearning Project, with the launch of the Translation Challenge in Dubai on Monday. The Translation Challenge calls on all Arabs to help translate 5,000 videos and 11 million words of world-class maths ...