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  Bloomberg Singapore, which is vying to become a regional center for the trading of liquefied natural gas in Asia, picked Royal Dutch Shell Plc and Pavilion Gas Pte Ltd. as its next suppliers of the fuel. The companies will have exclusive rights to sell 1 million metric tons of LNG annually for up to 3 years, with imports beginning ...

  Bloomberg The number of Samsung Galaxy Note 7 owners demanding compensation for being inconvenienced by the smartphone’s troubles is starting to rise. In what may be the first Note 7 related class-action lawsuit filed in South Korea, 527 smartphone buyers are demanding Samsung Electronics Co. pay each plaintiff about 500,000 won (about $440) for time and effort lost when ...

  Abu Dhabi / Emirates Business The UAE has participated in the opening of the Global Investors Summit, which kicked off recently in Indore City, the capital of Madhya Pradesh in central India. HE Abdullah Bin Ahmed Al Saleh, Undersecretary for Foreign Trade and Industry, Ministry of Economy, led the UAE delegation with the presence of Dr. Ahmed Abdul Rahman ...

  Dubai / Emirates Business The Dubai Investment Development Agency (Dubai FDI), an agency of the Department of Economic Development (DED), in partnership with the Conway Advisory and Global FDI Association, has launched the region’s first specialised programme to qualify leaders in the public and private sectors to successfully pursue foreign investment and support investors. Named ‘Dubai FDI Capacity,’ the ...

  Abu Dhabi / Emirates Business The outlook for the healthcare sector remains bright with experts forecasting investments to reach $133 billion by 2018, which will mostly be poured into building new healthcare facilities. “However, many challenges need to be addressed, notably the shortage of healthcare staff which is why we’ve organised this event to provide companies and healthcare professionals ...

  Aleppo / AFP Clashes and air strikes shook the Syrian city of Aleppo, a monitor said on Sunday, as heavy fighting resumed after the end of three-day truce declared by government ally Russia. The unilateral truce ended without any evacuations by the UN, which had hoped to bring wounded civilians out of the rebel-held east and deliver aid after weeks ...

  Calais / AFP With only hours to go before workers begin to demolish France’s “Jungle” migrant camp on Monday, officials are racing to process as many young people as possible to be transferred to Britain. The pace is therefore brisk at the camp outside Calais: young migrants are shown into a container where British Home Office officials have set up ...

  Jakarta / AFP Apple is battling to gain a foothold in Indonesia after nationalistic regulations hit the US tech giant’s efforts to compete in the booming emerging market against Samsung and other rivals. The iPhone 6S and 7 are yet to be released in Southeast Asia’s top economy as Apple struggles to fulfil requirements that phone makers must have ...

  Beijing / AFP Asian lenders are spending millions of dollars developing applications using blockchain, a technology that promises to slash transaction costs, expedite cross-border payments and reduce the risk of fraud. Banks active in the region from Standard Chartered Plc to National Australia Bank Ltd. have in recent months started developing and testing systems utilizing the distributed-ledger technology in ...

  Madrid / AFP After basking in its best tourist summer season in 15 years, Spain now sees dark clouds on the horizon as popular destinations reach saturation point and holidaymakers are more thrifty, industry experts say. The 2016 summer season proved exceptionally good, with an influx of tourists fleeing other popular destinations recently hit by attacks, said Jose Luis ...