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Obama: Syria’s Assad, Russia and Iran have blood on hands

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 ...

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Venezuela cash crisis sparks looting, protests

  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 ...

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Real estate transactions in Ajman surge 39%

  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, ...

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Fujairah Ruler opens new resort in Al Faqeet

  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 ...

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People in UAE to spend $1.1bn on toys and games by 2020

  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 ...

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Sir Bani Yas Cruise Beach officially opened in Abu Dhabi

  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, ...

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SLC highlights legislative audit standards to 17 govt entities

  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 ...

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Trump sits down with tech execs, including critics

  New York / AFP Donald Trump met with some of America’s most powerful tech executives in a bid to mend fences with a largely pro-Hillary Clinton industry and promote job creation and trade. The afternoon summit at Trump Tower in New York gathered some of the wealthiest and brightest brains in the tech industry around the same table as ...

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Tata Motors turns key battle in biggest Indian proxy fight

  Bloomberg Tata Motors Ltd., the $22 billion producer of Jaguar sports cars and Land Rover sport utility vehicles, is shaping up as a key battleground in the fight for control of India’s biggest conglomerate. Tata Group is facing opposition to its plan to remove Cyrus Mistry from the automaker’s board after Glass Lewis & Co. and Institutional Shareholder Services ...

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Hong Kong property shares turn toxic as mortgage costs spike

  Bloomberg Hong Kong’s property developers are fast falling out of favor among investors as surging mortgage costs and punitive taxes threaten to choke home sales. A gauge of real estate companies traded on the city’s stock market has tumbled 13 percent this quarter, with developers accounting for half of the biggest losers on the benchmark Hang Seng Index, which ...

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