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Mohamed, Kazakh president discuss bilateral cooperation

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, and President Nursultan Nazarbayev of Kazakhstan met in Abu Dhabi on Saturday and discussed ways of enhancing ties of friendship and co-operation between the UAE and Kazakhstan and took stock of the latest regional ...

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Smart Testing Yard at Dubai Driving Centre launched

Dubai / WAM Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), in Dubai, has launched the ‘Smart Training and Testing Yard’ for testing drivers at the Dubai Driving Centre in Al Quoz. The Yard is fitted with smart driver-testing vehicles capable of detecting areas of testing manoeuvres and driver’s ...

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Abu Dhabi, China to boost trade ties

DUBAI / Emirates Business Abu Dhabi Ports inked a new agreement with the China Council for the Promotion of International Trade to explore new commercial opportunities between Chinese companies interested in investing in Khalifa Industrial Zone Abu Dhabi (KIZAD) and Khalifa Port Free Trade Zone (KPFTZ), which is considered the largest free trade zone in the region. The Memorandum of ...

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DLD awarded GABC assembly membership

DUBAI / Emirates Business During the Global Alliance for Building and Construction (GABC) Assembly, Dubai Land Department (DLD) was awarded membership to assembly’s executive committee along with prestigious international organisations from five other countries. The GABC Assembly was hosted by DLD and inaugurated by  Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, in presence of Sultan ...

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Tata offers $5.3 billion in bid to acquire bankrupt Bhushan Steel

Bloomberg Tata Steel Ltd. offered 350 billion rupees ($5.3 billion) to lenders to acquire bankrupt Bhushan Steel Ltd., said a person with knowledge of the matter. Mumbai-based Tata Steel offered an all-cash deal to the creditors, the person said, asking not to be identified because the details aren’t public. The lenders declared the steelmaker’s bid successful, subject to the company ...

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US tech bosses head for China for lobbying

Bloomberg Leaders of Apple Inc., Google and other US technology giants were expected to head to China to pursue a familiar goal: To do more business in the world’s most populous nation. The effort has had mixed results, at best, in the past. With a trade war brewing between the world’s two largest economies, the goal has gotten loftier still. ...

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Europe demands permanent waiver from US metal tariffs

Bloomberg European Union leaders demanded a permanent EU exclusion from US President Donald Trump’s metal-import tariffs and kept alive a threat to retaliate, highlighting persistent risks of a trans-Atlantic trade war. Citing national security, Trump imposed duties of 25 percent on steel and 10 percent on aluminum while granting a five-week waiver to the EU, Canada, Mexico, Brazil, Argentina, Australia ...

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Congress prods Zuckerberg to testify for restoring trust

Bloomberg Embattled Facebook Inc. Chief Executive Officer Mark Zuckerberg has received another call from Congress to testify on the unfolding scandal over reports the company allowed Cambridge Analytica to harvest 50 million users’ data. Senate Commerce Chairman John Thune, the No. 3 Republican in the chamber, and ranking Democrat Bill Nelson issued a joint statement calling on Zuckerberg to testify ...

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Dropbox tops private value, shares soar in market debut

Bloomberg Dropbox Inc. exceeded its private valuation in its market debut, as shares soared after pricing above their marketed range in the biggest technology initial public offering of the year. Shares closed at $28.48 apiece in New York on March 23, giving the file-sharing company a market valuation of $11.2 billion. They climbed as much as 50 percent above their ...

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UK spy attack: Trump plans expulsion of Russian envoys

Bloomberg President Donald Trump is preparing to expel dozens of Russian diplomats from the US in response to the nerve-agent poisoning of a former Russian spy in UK, two people familiar with the matter said on Saturday. Trump agreed with the recommendation of advisers and the expulsions are likely to be announced on Monday, the people said, though they cautioned ...

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