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Apple bosses see pay drop in 2016

  Bloomberg Apple Inc.’s top executives saw their compensation fall last year while Chief Executive Officer Tim Cook had his biggest payout yet from his record 2011 award. Cook’s five top lieutenants received about $22.8 million each for 2016, according to a proxy statement. The pay packages included $2.8 million in salary and cash bonus, and $20 million in equity ...

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DXB passenger traffic grows 9.4%, cargo by 8% in Nov

  Dubai / WAM Passenger traffic at the Dubai international Airport registered an increase of 9.4 per cent in November 2016, according to the monthly traffic report issued today by operator Dubai Airports. The airport welcomed a total of 6,581,805 passengers in November compared to 6,013,911 passengers during the same month in 2015, an increase of 9.4 per cent. The year ...

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‘Innovation Week’ to focus on role of ‘education’ in post-oil economy

  Abu Dhabi / WAM The Abu Dhabi Centre for Technical and Vocational Education and Training (ACTVET) will organise the Technical and Vocational Education and Training (TVET) Innovation Week from January 10-16 under the patronage of HH Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council. Launched to celebrate the achievements of TVET, the Innovation Week is the ...

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Abu Dhabi ME’s fastest-growing destination for key events

  Abu Dhabi / Emirates Business Abu Dhabi Convention Bureau, a division of Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi), made significant strides in bids to host a number of key conferences in the coming years. In total, the Bureau successfully submitted successful applications along with partners and stakeholders to host 14 conferences which are expected to attract ...

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Microsoft, Aldar Academies host ‘Microsoft in Education Day’

  Abu Dhabi / Emirates Business As part of its ongoing commitment to students and teachers around the world, Microsoft collaborated with leading education provider Aldar Academies to host a ‘Microsoft in Education Day’. Involving a day of edtech training, the event was organised to highlight the positive influence technology has in the classroom, and how it transforms teaching and ...

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Turkey closing in on Istanbul nightclub gunman, says official

  ISTANBUL / AP Turkish police are closing in on the gunman who killed 39 people at an Istanbul nightclub, a senior official said on Thursday, insisting his possible whereabouts and contacts had been established. Turkish Deputy Prime Minister Veysi Kaynak told A Haber news channel in an interview that gunman who attacked Istanbul’s upscale Reina nightclub during New Year’s ...

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China’s Sogou targets $5bn IPO to chase rival Baidu

  Bloomberg China’s third-biggest search engine expects to hold a US initial public offering at a valuation of as much as $5 billion as it raises cash to close the gap with leader Baidu Inc. in the mobile market. Sogou, whose name means “search dog,” plans to sell about 10 percent of its shares in an IPO that will probably ...

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Chinese businessman taps used mobile phone market in country

  Bloomberg Millions of toxic smartphones end up in landfills around the world each year. Kerry Chen — founder and chief executive officer of Shanghai Yueyi Network Co — thinks he can change that, starting with China — one of the worst offenders. With Chinese consumers hardly the biggest proponents of recycling, whether it’s cars or banquet leftovers, Chen reckons ...

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Housing, crude revival lift Canada’s economic hopes

  Bloomberg Canada consumer optimism ended 2016 with a small weekly increase, finishing above where it started the year on rising expectations for the country’s growth prospects. The sluggish economy, hampered by disappointing exports was a focal point for policymakers in Prime Minister Justin Trudeau’s first full year in power. Trudeau expanded transfer payments and cut middle-income taxes, while Bank ...

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Manufacturing in US expands at fastest pace in two years

  Bloomberg American manufacturing expanded in December at the fastest pace in two years, reflecting firmer output and the biggest pickup in orders growth since August 2009. The Institute for Supply Management said that its index increased to 54.7, the fourth straight advance, from 53.2 a month earlier. The median forecast in a Bloomberg survey called for 53.8. Readings above ...

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