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Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Sunday visited Dubai Holding, the global investment holding company, where he announced the launch of ‘Marsa Al Arab’. Marsa Al Arab is a comprehensive tourist destination that aims to elevate family tourism in Dubai, as well as provide ...

Dubai / WAM The Board of Directors of the International Halal Accreditation Forum (IHAF) held its first meeting on Sunday in Dubai, where members discussed internal regulations, future strategic directions, plans, and work programmes for the coming period, which will contribute to further regional and international outreach. Its objectives are to expand the trade of halal products through multilateral recognition ...

Bloomberg Companies led by SoftBank Group Corp. of Japan and Taiwan’s Foxconn Technology Co. Ltd. are bringing India some of the cheapest solar power in the world, helping Prime Minister Narendra Modi reach his ambitious clean-energy goals. In two auctions this week for renewable-energy power-purchase contracts, bids from companies to supply clean electricity slid to as little as 3.8 cents ...

Bloomberg Noble Group Ltd.’s shares plunged the most on record to the lowest level in more than 14 years after it warned of a first-quarter loss and as S&P Global Ratings said the commodity trader’s debt-load is unsustainable given its current earnings path. Shares of the Hong Kong-based company, which counts China Investment Corp. as one of its largest shareholders, ...

Bloomberg China’s metals bulls are taking a pause rather than sounding the retreat. A gauge of six metals on the London Metal Exchange slumped to its lowest in four months amid a collapse in copper and aluminum prices. As industry participants gathered in Hong Kong for the LME’s annual Asia event this week, the hope for some is that a ...

Bloomberg Indian exports are defying a firm rupee, riding a rise in global growth with a surge in shipments of the kind of high-tech goods every nation covets. Exports rose to a six year high in March and, for now, that upward trend is tipped to continue as the world economy chugs along and foreign direct investment boosts productivity and ...

Bloomberg UK Prime Minister Theresa May pledged a new right-to-buy program for social housing in an effort to boost home-building by local authorities and help alleviate a growing shortage of low-cost housing. Councils and housing associations will be offered government funding to build homes along with permitting help from the Homes and Communities Agency, the Conservatives said in a statement. ...

Bloomberg The world’s biggest container shipping company and Denmark’s largest issuer of corporate bonds may rely less on debt markets in the near future. A.P. Moller-Maersk A/S has ample liquidity and plans to cut capital expenditure, both of which reduce the need for new bond sales, according to Chief Financial Officer Jakob Stausholm. He also pointed to the century-old conglomerate’s ...

Abu Dhabi / WAM More than 40 counter and cyber terrorism experts, decision-makers, senior government officials and the United Nations Secretary-General’s representative will gather in Abu Dhabi on Monday for the International Conference on the Criminalisation of Cyber Terrorism, to find common ground for implementing a system of international laws and legislations that address the roots and extensions of the ...

Dubai / WAM Emirates will introduce a third daily service to Brisbane, Australia from December 1, complementing its existing two daily services. The direct service, to be operated on a B777-200LR aircraft with eight seats in First Class, 42 in Business Class and 216 in Economy Class, will increase capacity on the route by 3,724 seats a week, inbound and ...