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Bloomberg Greece is planning a return to the markets in a bid to regain its status as a “normal” country. If the government can announce by the end of the year its program for tapping the markets in 2019, and repeat this exercise each year for the following 12 months, the plan will have worked, an official familiar with the ...

Bloomberg Siemens AG is leaning towards building a 600 million euro flagship innovation center outside Germany, rather than in its historic stomping ground of Berlin, according to a person familiar with the matter. The engineering giant confirmed a report that it’s planning a complex called Siemens City, but a spokesman said the company hasn’t yet chosen a location. German news ...

Bloomberg Sweden’s economic growth unexpectedly accelerated in the second quarter as consumer spending and exports picked up. Gross domestic product advanced 1.0 percent in the period, accelerating from a revised 0.8 percent in the first three months of 2018 and beating the 0.5 percent estimate in a Bloomberg survey of economists. GDP grew 3.3 percent from a year earlier. The ...

Dubai / Emirates Business Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties PJSC, recorded a growth of 8 percent in its net profit for the first half (January to June) 2018 to AED 1.102 billion ($300 million) compared to the H1 2017 net profit of AED 1.021 billion ($278 million). Revenue for half-year 2018 is AED ...

ABU DHABI / WAM The Abu Dhabi Department of Economic Development (ADDED), announced on Sunday that it has expanded its Tajer Abu Dhabi licence package by opening it up to all GCC nationals and UAE residents and increasing the number of eligible commercial activities to 1,057; all exempted from having a physical presence or an office. The department has also ...

Dubai / WAM Dubai Business Events (DBE), the city’s official convention bureau, has reported strong results for the first half of 2018, with 125 successful bids to host business events, reflecting a 29 percent increase over the same period last year. Conferences, meetings and incentive programmes secured in the first six months of the year, including from bids submitted in ...

Abu Dhabi / WAM Films created by participants in Image Nation Abu Dhabi’s flagship training programme Arab Film Studio have now screened over 200 times at prestigious film festivals around the globe, after Ranapakhara by Swapna Kurup was selected to screen at the Mosaic World Film Festival, Illinois this week. The milestone comes following the completion of the third edition ...

Bloomberg China’s expressed regret over Qualcomm Inc.’s decision to scrap a $44 billion takeover of NXP Semiconductors NV, an apparent attempt to avoid blame after regulators failed to rule on what would have been the largest chip acquisition in history. The takeover fell apart as tensions between China and the US escalated and local regulators held off on clearing the ...

Bloomberg As foreign funds continue to dump Indonesian stocks and bonds, President Joko Widodo is chasing dollars from tourism and exports to help contain a widening current-account deficit. Widodo, known as Jokowi, ordered ministers, officials and central bankers to step up efforts to lure more foreign visitors into the pristine sand beaches dotting hundreds of islands across the archipelago. He ...

Bloomberg President Donald Trump faces potential legal and political danger if it’s proven he knew in advance about a meeting his son and campaign aides had with Russians said to be promising dirt on Hillary Clinton, according to former federal prosecutors. The allegation reportedly made by Trump’s former personal attorney Michael Cohen adds an explosive twist to the famous June ...