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Jawaher Al Qasimi urges world leaders to ramp up peace efforts

SHARJAH / WAM H.H. Sheikha Jawaher bint Mohammed Al Qasimi, wife of H.H. the Ruler of Sharjah, UNHCR Eminent Advocate for Refugee Children and Chairperson of the Big Heart Foundation (TBHF), has strongly urged world leaders to escalate all relief efforts to control the unprecedented global refugee crisis, restoring peace and stability in countries and regions affected by war and ...

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ENOC implements global star-rating system across its service centres

Abu Dhabi / WAM Emirates National Oil Company (ENOC) will start implementing the global star-rating system across its service centres to further improve customer’s satisfaction. The move comes after signing an agreement with the Global Start-Rating Progamme, which seeks to upgrade ENOC’s services to a seven-star rating. It will see the two parties exchange knowledge and expertise, and work together ...

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Dubai launches Middle East’s largest smart geological project

Dubai / WAM Dubai Municipality has launched the largest geological project in the Middle East, the Soil Map Project, to produce and extract interactive soil maps using soil survey data and to save all interactive soil maps in a centralised and unified database, said Hussain Nasser Lootah, Director-General of Dubai Municipality. He said that the project will contribute to the ...

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MBRSC-UD ink deal to develop UAE’s space sector

Dubai / Emirates Business To strengthen links of cooperation between educational institutions in the UAE and centre’s specialized in advanced technology, science and space, The Mohammed Bin Rashid Space Centre (MBRSC) has signed a Memorandum of Understanding with University of Dubai (UD). The MoU aims to develop and qualify national human resources capable of working in space science technology sector, ...

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Hong Kong wants to win next Alibaba with exchange revamp

Bloomberg Hong Kong Exchanges & Clearing Ltd. is sending a message to startup companies the world over: We want your business. The bourse operator proposed the creation of a new exchange that would allow firms to list before they’ve made a profit and permit dual-class shares, an issue that caused Hong Kong to miss out on Alibaba Group Holding Ltd.’s ...

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Japan has surprise trade deficit as import beats exports

Bloomberg Japan had a surprise trade deficit in May, as stronger-than-expected imports overpowered the best export growth in more than two years. Exports rose 14.9 percent from a year earlier (estimate +16 percent), according to data released by the Ministry of Finance. Part of that was a rebound from weak shipments last year caused by the Kumamoto earthquake in April ...

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Takata declines by daily limit over ‘bankruptcy plan’

Bloomberg Takata Corp. fell by its daily limit after the embattled airbag maker was said to be planning to file for bankruptcy, paving the way for a sale of the 84-year-old Japanese company behind the biggest safety recall in automotive history. Shares of Takata declined 17 percent, the most since April 27, at the end of trading on Monday in ...

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Brexit talks kick off in Brussels as May urged to soften stance

Bloomberg Brexit talks finally began on Monday, almost a year since Britons voted to leave the European Union and amid confusion over what exactly the UK government wants from the divorce. What UK Brexit Secretary David Davis describes as the “most complicated negotiation of all time” began at 11 a.m. in Brussels with Prime Minister Theresa May’s government already on ...

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Buyers line up as Europe’s biggest debt collector divests units

Bloomberg A long list of potential buyers has expressed interest in the Nordic and Baltic businesses that Intrum Justitia AB and Lindorff need to divest to proceed with their merger, according to Intrum’s chief executive officer. CEO Mikael Ericson says he is confident the two firms can sell Lindorff’s entire business in Denmark, Estonia, Finland and Sweden, as well as ...

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Google ‘will do more to suppress terrorist propaganda’

Bloomberg Alphabet Inc.’s Google says it is creating new policies and practices to suppress terrorism-related videos, a response to UK lawmakers who have said the internet is a petri dish for radical ideology. Google will increase its use of technology to identify extremist and terrorism-related videos across its sites, which include YouTube, and will boost the number of people who ...

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