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Construction on AED1bn Gate Avenue at DIFC to begin soon

  Dubai / WAM Construction will shortly begin on the much anticipated Gate Avenue at DIFC, the new urban premium lifestyle, cultural and entertainment development at the heart of Dubai International Financial Centre that promises to change the face of urban space and living in Dubai. Habtoor Leighton Group (HLG); a leading specialist contractor in the region was awarded the ...

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Alkathiri inaugurates NATRANS Exhibition at ADNEC

  Abu Dhabi / WAM Innovations in the transportation industry and its related services from more than 50 local and international companies in 13 countries, are on display at the second edition of the NATRANS Expo, which opened at the Abu Dhabi National Exhibition Centre on Tuesday. The exhibition was opened by Abdullah Salem Alkathiri, Director-General of the Federal Transport Authority ...

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61 killed in Taliban-claimed attack on Pakistan police

  Quetta / AFP Pakistan on Tuesday mourned the killing of at least 61 people in a brutal gun and suicide bomb assault on a police academy, the deadliest attack on a security installation in the country’s history. Three gunmen burst into the sprawling academy in the southwest, targeting sleeping quarters home to some 700 recruits in a strike that sent ...

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China’s steel juggernaut gathers speed in Asia

  Bloomberg China’s steel juggernaut is picking up speed closer to home. As governments in Europe and the U.S. limited supplies of Chinese metal they said was dumped on the market, the world’s largest producer is expanding exports to its neighbors in Southeast Asia. A third of all Chinese shipments now end up in countries like Vietnam, Thailand and the ...

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Ratan Tata vows ‘stability’ after shock sacking

  AFP Family patriarch Ratan Tata sought to reassure rattled investors of stability at India’s biggest conglomerate Tuesday after the sudden sacking of chairman Cyrus Mistry sent Tata company shares falling. Seventy-eight-year old Tata has taken interim charge of the sprawling $100 billion tea-to-steel Tata Group, after Mistry was abruptly dumped on Monday evening, four years after being appointed chairman. ...

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USA rules wheat market as France, Canada suffer

  Bloomberg The US will capture a higher share of the global wheat market this season as poor weather that’s hurt French and Canadian crops helps the second-largest exporter step up shipments from a 44-year low last season. US wheat exports are forecast to rebound 26 percent in the year that began June 1 to 26.5 million metric tons, according ...

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EU-Canada trade deal in limbo as Belgium withholds consent

  Bloomberg Europe’s ability to sign trade deals with the rest of the world was thrown into doubt after Belgium’s government said it had failed to persuade its regional parliaments to sign up to a proposed pact between the European Union and Canada. Despite weeks of talks, Belgium Prime Minister Charles Michel said he hadn’t convinced the Socialist-controlled, French-speaking region ...

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SDG, Emaratech to enhance use of electronic payment methods

  Dubai / Emirates Business Smart Dubai Government Establishment (SDG), the technology arm of Smart Dubai Office which assumes the responsibility for managing and supervising the implementation of Dubai Government’s electronic and smart transformation, revealed the signing of a Memorandum of Understanding (MoU) with Emaratech, an IT and software company, to prepare a work plan and conduct a feasibility study ...

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German push grows for Chinese investment curbs

  Bloomberg Germany is seeking tighter control over foreign investment in European companies, in a sign of a growing protectionist reaction to China’s appetite for overseas acquisitions. Economy Minister Sigmar Gabriel on Monday reopened a review of the takeover of Aixtron SE, which supplies equipment to the semiconductor industry, by China’s Grand Chip Investment GmbH. That follows calls by Gabriel, ...

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Civilians pay price of IS ‘smoke war’ around Mosul

  Qayyarah / AFP The smoke from fires lit by IS extremists to provide cover from air strikes has painted the northern Iraqi sky black, providing a dramatic backdrop for the Mosul offensive. The use of smoke in warfare is likely as old as war itself but the masks and technology available to Iraqi forces in this conflict leave civilians, ...

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