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Mohammed approves AED1bn for improvement of Dubai roads

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, and Ruler of Dubai, approved the award of a contract for the improvement of Tripoli Road in a 12 km stretch to provide a link between the Sheikh Mohammed bin Zayed Road and the Emirates Road at a cost of AED500 million. ...

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‘Martyrs will be a source of determination, strength’

  DUBAI, SHARJAH, RAL AL KHAIMAH / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Saturday extended his condolences to the families of martyred UAE servicemen Sulaiman Mohammed Al Dhuhouri and Nader Mubarak Eisa Sulaiman, and the martyred UAE ambassador to Afghanistan, Juma Mohammed ...

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Gulfood marks 30 years with new ‘business first’ segmented format

  DUBAI / Emirates Business Dubai World Trade Centre (DWTC) officials are confident a new segmented show format will be the next stage of the annual Gulfood exhibition’s evolution, as the show prepares for the biggest format shake-up in its highly successful 30-year history. Opening Sunday, Gulfood’s five-day run is expected to attract up to 90,000 food professionals, with some ...

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Pharma barons cite delay in digitizing labs in India

  Bloomberg Heads of two of India’s largest drug makers said integration of electronic systems to prevent quality lapses in factories is going slower than expected, as the industry looks to adapt to increased scrutiny from regulators in the developed world that have resulted in sanctions and slowed sales. “This is a much more digital world than where pharma companies ...

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Iron ore hit with reality check as RBA says $90s won’t last

  Bloomberg Iron ore’s having a reality check on rising doubt that the exuberance that lifted prices to the highest since 2014 is entirely rational given the outlook for additional supply, the record stockpiles in China and statements of caution from some of the world’s biggest miners. Futures in China fell on Friday, with Australia’s central bank saying it expected ...

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Trump’s deportation policy stands to drive up farm wages

  Bloomberg Across America’s orchards and crop fields, a shrinking supply of migrants has already driven pay up faster than in the broader workforce. President Donald Trump’s immigration policy may turbocharge that trend. Wages for US fieldworkers rose 36 percent over the past decade through the conclusion of last year’s harvest in October, compared with 27 percent among non-farm employees, ...

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Luxury London home sales at risk as wealthy shun UK visas

  Bloomberg The number of wealthy people granted investor visas to live in the UK fell by more than 80 percent last year from the peak in 2014, a sign that luxury home sales in the capital may slump further. While so-called Tier 1 investor visas rose 12 percent in 2016, the total granted was just 215, according to government ...

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VW’s diesel damages hit $23bn after latest charge

    Bloomberg Volkswagen AG’s provisions for the diesel-cheating scandal rose to 22.6 billion euros ($23.9 billion), as the German carmaker continues to tally damages from the worst crisis in its history. The company took a charge of 4.4 billion euros in the fourth quarter, more than double the total from the previous nine months, to reflect a settlement related ...

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Canadian inflation surges to 2.1% in January on gas prices

  Bloomberg Canadian consumer prices surged in January on the back of rising gasoline prices and new carbon levies, bringing inflation to the highest in more than two years. The consumer price index advanced 2.1 percent from a year earlier, Statistics Canada reported Friday from Ottawa, up from 1.5 percent in December. Economists had estimated a gain of 1.6 percent, ...

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32 killed as twin attacks hit Syrian security buildings

  BEIRUT / AP Twin attacks on two Syrian security offices in the central city of Homs Saturday killed at least 32 people, including a senior security official who heads the feared Military Intelligence services, state media and officials reported. An al-Qaida-linked insurgent coalition known as the Levant Liberation Committee claimed responsibility for the attacks, which also left another high-ranking ...

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