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UK says govt contracts must consider local steel firms

London / Reuters Britain said on Sunday that UK steel producers must be considered for infrastructure and other government contracts involving steel supplies, as part of plans to find a long-term solution to a crisis in the industry. The government is looking for ways to support domestic steel producers after India’s Tata Steel put its loss-making British plant up for ...

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On ‘cloud’: Transforming UAE education industry’s DNA

RITIKA SHARMA / AJMAN From hospitality to construction and from fashion to tourism and now education — there is no industry that is untouched by the advancements that technology imparts. Being a pioneer in embracing new tech trends, UAE has shown the world how quick and wise adoption of technology makes a difference in all spheres of life. The country ...

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Greece countdown begins for EU-Turkey migrant returns

Lesbos / AFP Greek and EU authorities on Sunday fine-tuned an operation to expel to Turkey hundreds of migrants denied asylum in a landmark deal slammed by rights groups. Officials declined to comment on the details of the operation, which is believed to begin early Monday from the Greek island of Lesbos where there are over 3,300 refugees and migrants. ...

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All asylum children freed from mainland detention: Australia

Sydney / AFP The last asylum-seeker children in Australian mainland detention have been freed, the government said on Sunday, although dozens of others are still being held on the remote Pacific island of Nauru. Under Canberra’s harsh immigration policy, asylum-seekers who try to reach Australia by boat are turned back or sent to Pacific camps in Nauru and Papua New ...

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UAE takes part in international financial architecture seminar

Paris / WAM Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs, has recently participated in the G20 high level seminar on international financial architecture held in Paris under the slogan “From Nanjing to Paris”, where speakers addressed the most important evolutions of the international monetary system, including the IMF’s recent decision to include official currency of the ...

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Mass grave of IS victims found in Syria’s historic city of Palmyra

Syria / AFP Syrian troops have found a mass grave containing the bodies of 42 people executed by IS extremists in Palmyra, as Washington warned the group’s leader will eventually “taste justice”. IS has in recent months claimed responsibility for deadly attacks in Brussels and Paris, but has lost ground in Syria and Iraq. Days after Syrian troops backed by ...

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Debtors among UAE family heads in Abu Dhabi decline

ABU DHABI / WAM The percentage of debtors among UAE family heads in the Emirate of Abu Dhabi has declined during 2015 for the second consecutive year to reach about 19.9 per cent on average from its previous rate of 24 per cent in 2014, according to the National Family Status Observatory’s 2015 report. Issued by the Department of Economic ...

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Foxconn buys Sharp for $3.5bn

Tokyo / Bloomberg Sharp Corp.’s President Kozo Takahashi and Foxconn Technology Group’s Chairman Terry Gou formally signed a rescue deal on Saturday, ending a takeover drama that spanned four years of often difficult negotiations. Takahashi and Gou, flanked by the flags of Taiwan and Japan, shook hands in front of more than 300 reporters gathered at the Osaka-based company’s Sakai ...

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UAE, Portugal trade hits AED1.23bn

Sharjah / WAM The most effective ways of enhancing business between Sharjah and Portugal were high on the agenda at a key meeting organised by Sharjah Investment and Development Authority (Shurooq) in collaboration with AICEP Portugal Global Trade and Investment Agency. More than 50 business stakeholders attended the premium roundtable event, which was held at Sharjah Chamber of Commerce and ...

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Greece seeks explanations from IMF over ‘Wikileaks’

Greece / AFP Greece on Saturday demanded “explanations” from the International Monetary Fund (IMF) after Wikileaks said the lender sought a crisis “event” to push the indebted nation into concluding talks over its reforms. IMF officials, in an internal discussion, allegedly voiced exasperation with Greece on its slow pace of reform, complaining Athens only moved decisively when faced with the ...

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