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‘We put our hopes in youth to lead national initiatives

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, stressed that the UAE, under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan and the follow up of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander ...

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Dubai to explore trade, investment opportunities in Latin America

  DUBAI / Emirates Business The Dubai Chamber of Commerce and Industry has finalised preparations for its trade mission to Latin America, which will take place from April, 15-22 and cover Brazil, Paraguay and Argentina. The Chamber will lead a high-level delegation of UAE businessmen, investors, and officials, who will represent a wide range of sectors, including trade, retail, free ...

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Fragrance firms to spread sweet smell at Expo 2020

  Dubai / WAM Manufacturers of Arabic perfumes, essential oils, bukhoor and other fragrances from across the GCC will have a unique global platform to showcase their talents by producing scents for Expo 2020 Dubai. The Expo on Sunday launched its search for producers of fragrances, from international brands to small, artisan producers in the Gulf, which could be offered to ...

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Shurooq coordinates efforts to protect Sharjah’s cultural heritage

  Sharjah / WAM Sharjah Investment and Development Authority (Shurooq) Sharjah Antiquities Authority, Sharjah Institute for Heritage and Sharjah Museums Department have met to discuss ways to organise and protect cultural heritage in Sharjah. The meeting was held at Shurooq’s main office in Al Qasba, in the presence of Marwan bin Jassim Al Sarkal, CEO of Shurooq, Manal Ataya, Director-General of ...

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Traders anxious on China local government debt

  Bloomberg The scent of doom is returning to China’s local government bond market. S&P Global Ratings pulled the trigger on the first ever downgrade of a Chinese local-government financing vehicle, citing the city in eastern Jiangsu province’s high debt burden. Traders and analysts are uneasy as well, with 18 of 29 polled in a Bloomberg News survey saying they’d ...

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Australian regulators too late to tackle home boom

  Bloomberg Jonathan Tepper, the founder of a London-based research firm who a year ago warned that Australia had one of the biggest housing bubbles in history, has attacked regulators for acting too late to cool the market as they ignored their own warning signs and were hostile to suggestions property was too expensive, according to the Weekend Australian. The ...

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Unilever set to test May’s Brexit strategy

  Bloomberg Unilever Plc’s announcement that it’s looking at ending its dual nationality and basing itself in London or Rotterdam means Theresa May finds her Brexit strategy facing either a big endorsement or an early blow. Few companies have more day-to-day contact with the British people than Unilever. It estimates its products, from Marmite and Vaseline to Hellman’s mayonnaise, are ...

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Altice targets IPO of 20% of USA cable unit

  Bloomberg Altice NV and its partners are exploring a sale of about 20 percent of their US cable-TV business in an initial public offering this quarter, as billionaire Patrick Drahi takes advantage of historically strong equity markets to raise cash for expansion, according to people familiar with the matter. Drahi’s Altice may use the proceeds from the listing of ...

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UK consumer back in spotlight as wages, inflation diverge

  Bloomberg UK consumers, touted by Mark Carney as a key to the economy’s performance, may find the squeeze on their pockets gets a little tighter this week. While inflation’s upward momentum probably paused in March, another weakening in wage growth means pay isn’t keeping pace with price increases. That’s all going to feed into household spending habits in 2017. ...

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Morgan Stanley hikes chief’s pay 27% to $19.5mn

  Bloomberg Morgan Stanley President Colm Kelleher, who runs the firm’s investment bank and retail brokerage, received $19.5 million for his work last year, a 27 percent increase. Kelleher, 59, was paid $1.67 million in salary, $6.88 million in deferred cash and $2.4 million in deferred stock, the New York-based bank said in a regulatory filing. He also got a ...

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