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  Bloomberg Wangxiang Group, the owner of Karma Automotive, became the second auto-parts maker to receive permission from the nation’s top economic planner to produce electric cars under a special scheme to encourage companies outside auto manufacturing to develop new-energy vehicles. Founded by Chinese billionaire Lu Guanqiu, Wanxiang Group got approval from the National Development and Reform Commission to invest ...

  Bloomberg Verizon Communications Inc.’s deal with Yahoo! Inc. has hit a rocky patch, but the phone giant is forging ahead with a strategy focusing on mobile advertising and still has appetite for more deals. Whether or not the $4.83 billion Yahoo deal goes through, the company is likely to look at purchasing digital media companies that could drive more ...

  Bloomberg DeepMind, the London-based division of Alphabet Inc. that’s responsible for numerous recent breakthroughs in artificial intelligence, is hiring its first researcher in the US to boost collaboration across the Atlantic. The “applied research scientist position” described in a job posting on DeepMind’s website will be located at Google’s headquarters in Mountain View, California. It would be the first ...

Washington / AFP President Barack Obama declared that Bashar Al-Assad’s Syrian regime, Iran and Russia are responsible for the carnage in Aleppo and argued there was nothing Washington could have done to stop the war, short of a military takeover of Syria. And he warned Assad, who has been engaged in a brutal civil war against opposition forces since 2011, that ...

  Caracas / AFP Desperate Venezuelans looted delivery trucks and clashed with police as a botched plan to introduce new banknotes left people without cash—the latest shortage in a spiraling economic crisis. President Nicolas Maduro blamed opposition politicians for the unrest, claiming that there were pictures and videos of some opposition members of the National Assembly involved in “attempts of ...

  Ajman / Emirates Business The Ajman Real Estate Conference 1, being organized by the Real Estate Regulatory Agency – Ajman (ARRA), the state-run institution mandated with regulating the real estate activities and developments in Ajman, was inaugurated this morning by Sheikh Abdul Rahman bin Ali bin Khalifa Al Khalifa, Director General of Survey and Land Registration Bureau – Bahrain, ...

  Fujairah / WAM His Highness Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, spoke of a bright future for the nation’s tourism sector during the opening of a new resort in emirate. Also, Sheikh Hamad Al Sharqi stressed the importance of the tourism sector in the UAE. He noted that the strategic location of the ...

  Abu Dhabi / Emirates Business The UAE is riding high in the Middle East children’s toy sector, with the retail value of toys and games in the Gulf country estimated to comprise 28 per cent of the regional market by 2020, new research has revealed. According to analysts Euromonitor International (EMI), consumers spent US$869 million on toys, games, and ...

  Abu Dhabi / Emirates Business Under the patronage of His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in the Western Region, Abu Dhabi Ports on Thursday officially opened Sir Bani Yas Cruise Beach, offering cruise ship passengers a new beach destination with unmatched tourism experiences. The beach was officially inaugurated by His Excellency Mohamed Khalifa Al Mubarak, ...

  Abu Dhabi / Emirates Business The Supreme Legislation Committee in the Emirate of Dubai (SLC) hosted recently a panel discussion titled the ‘Legislative Audit Guidelines for Proper Implementation of the Legislation in force in the Emirate of Dubai.’ During the sessions, 17 participating local government entities gained valuable insights on the legislative audit. This includes the rules and measures ...