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Dubai / Emirates Business Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the Dubai Roads and Transport Authority (RTA) opened Materials Handling Middle East 2017 at the Dubai International Convention and Exhibition Centre (DICEC). The only comprehensive industry-spanning trade platform for the wider Middle East, Materials Handling Middle East 2017 got off to a busy ...

Bloomberg Japan will sell about 1.3 trillion yen ($12 billion) of shares in Japan Post Holdings Co., the country’s biggest public offering this century, as the government continues its privatisation of the postal and financial-services giant. The Ministry of Finance will sell 990.1 million shares in the holding company, including an overallotment, it said in a statement. That amounts to ...

Bloomberg Inflationary pressure emanating from the factory to the world is proving more resilient than economists have anticipated. China’s producer-price inflation accelerated to 6.3 percent in August from a year earlier, exceeding all but one of 38 estimates in Bloomberg’s survey of economists. That data released followed 5.5 percent readings in the prior three months and was unexpected for analysts, ...

Bloomberg What a difference a year makes for the European Union. Jean-Claude Juncker, president of the European Commission, will deliver the annual State of the Union speech this week in a more upbeat mood than a year ago, when the 28-nation bloc was buffeted by the UK’s decision to leave and anti-EU parties appeared to be on the march. In ...

Bloomberg Hurricane Irma weakened as it moved past Tampa, leaving in its wake at least 4.7 million without power and millions temporarily displaced. The center of the system was expected to weaken to a tropical storm this morning and a tropical depression by Tuesday afternoon, the National Hurricane center said in an advisory. A storm surge warning was discontinued for ...

Bloomberg Startups hoping to sell health tracking devices and software to corporate customers are worried European regulators will torpedo their business model. Employers should be banned from issuing workers with wearable fitness monitors, such as Fitbit, or other health tracking devices, even with the employees’ permission, a European Union advisory panel said in June. Employers should also be barred from ...

Bloomberg The US has watered down a proposal to punish North Korea for its sixth and most powerful nuclear test, omitting an oil embargo and a freeze of Kim Jong Un’s assets, according to a European diplomat. While the US, UK and France are united on the latest proposal, it’s unclear whether Russia and China — the other veto-holding members ...

ABU DHABI / WAM The UAE has secured significant strides in areas of Artificial Intelligence (AI), with the country’s investments growing by 70 percent over the past three years, and projected to hit AED33 billion by the end of this year, according to economic analysts. The figures drive home the fact that UAE is ready to embrace AI technologies, managing ...

Dubai / Emirates Business Virtual reality concerts and matches, augmented reality apps, and immersive audiovisual will catalyze $44 billion in UAE tourism receipts by 2020, and transform the live entertainment and mega-event experience for millions of people across the Middle East and Africa. With the UAE enhancing its role as a global leisure, tourism, and entertainment hub, it is set ...

Dubai / Emirates Business With the Middle East continuing to be a region that enjoys relatively healthy rates of growth, economic expansion and diversification, the region is attracting fresh attention from logistics, transport, warehousing and materials handling providers from across the world. Materials Handling Middle East 2017, the region’s premier dedicated trade and networking platform for the intralogistics, warehousing, freight ...