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Dubai / Emirates Business The food and beverages (F&B) sector operating out of Jebel Ali Free Zone (Jafza), a subsidiary of global trade enabler DP World, grew by 12 percent in 2017. The number of companies in the sector rose to 570 from 507 in 2016, employing 8,600 people and underlining Jafza’s reputation as an attractive destination for companies seeking ...

Dubai / Emirates Business Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park, signed a partnership agreement with the Jaguar Land Rover Limited Middle East and North Africa (JLR), the regional branch of Jaguar Land Rover Limited, to establish its new regional headquarters at the hi-tech park. Dr Mohammed Alzarooni, ...

Bloomberg China said proposed US tariffs on imported steel and aluminium products are groundless and that it reserves the right to retaliate if they are imposed. The US recommendations, unveiled by the Commerce Department, aren’t consistent with the facts, Wang Hejun, chief of the trade remedy and investigation bureau at China’s Ministry of Commerce, said in a statement posted on ...

Bloomberg Chinese suppliers flooded the US solar market with panels at the end of last year, as customers sought to avoid paying President Donald Trump’s 30 percent import tariff. Fourth-quarter deliveries from China were almost 11 times higher than in the first nine months of 2017, according to a report by Bloomberg New Energy Finance. Manufacturers also hauled panels and ...

Bloomberg The US sounds confident that proposed tariffs on steel and aluminum won’t break global trade rules, despite warnings from other countries that such a move could trigger a flurry of retaliation. It’s up to the president to decide if that’s a risk he’s willing to take. The Commerce Department laid out a range of options for President Donald Trump ...

Bloomberg The US Justice Department is fighting AT&T Inc.’s search for evidence that President Donald Trump is behind the agency’s antitrust challenge to the takeover of Time Warner Inc. Trump’s criticism of Time Warner’s CNN doesn’t justify AT&T’s “fishing expedition” for communications between the White House and the Justice Department, government lawyer Craig Conrath told US District Court Judge Richard ...

Bloomberg Get ready for what could be another record year for corporate borrowing. The US tax overhaul is freeing up cash for companies and the Federal Reserve is hiking rates, but chief financial officers are still eager to borrow, UBS strategists wrote. The Swiss bank and Wells Fargo both expect businesses to sell as much US investment-grade and junk bond ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Wednesday visited the Abu Dhabi Unified Government Services System, Tam, platform at Yas Mall. During his visit, he was briefed about the mechanism of the system, which provides government services to customers in Abu ...

ABU DHABI / Emirates Business Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for corporates and individuals, announced on Wednesday its financial results for the year 2017. The company reported strong results with its net profit of AED227.3 million for 2017, representing an increase of 11 percent over the same period last year. Commenting ...

Dubai / WAM Dubai-based flydubai has announced the start of flights to Kinshasa, the capital of Congo from April 15. The daily flights will operate with an en route stop in nearby Entebbe and will also be available for booking through the Emirates codeshare agreement. flydubai becomes the first UAE carrier to operate flights to N’djili Airport (also known as ...