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Dubai / WAM In the presence of Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Mohammed Al Mannaei, Director – Mina Rashid DP World, has announced a plan to build a marina for luxury yachts at Port Rashid. The new ‘Port Rashid Marina’ project was announced during the visit of Sheikh ...

Abu Dhabi / Emirates Business Abu Dhabi — the leading aviation industry playmaker in the region — has launched the first-ever Abu Dhabi Aviation & Aerospace Week (ADAAW), which will run until March 12. The landmark inauguration event is held under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme ...

Bloomberg European Central Bank President Mario Draghi will have to deliver plenty to meet the expectations of euro bears next week. With Draghi under increasing pressure to boost inflation in the euro region, investors are preparing for a range of measures at next week’s policy meeting, including a cut to the deposit rate and a boost to the ECB’s quantitative-easing ...

Beirut / AP A shaky cease-fire in Syria brokered by Moscow and Washington has survived its first week, outlasting skeptics’ expectations and providing some hope that a diplomatic solution to the five-year-old war might be possible. With daily incidents of artillery shelling, airstrikes and clashes, it would be easy to dismiss the “cessation of hostilities” as a charade. But the ...

Bloomberg Fortress Investment Group LLC is betting that one of the real estate industry’s greatest contrarian wagers has more room to run. The manager of $70.5 billion, which piled into Japanese property after a tsunami and nuclear meltdown battered valuations in 2011, has seen its investments surge after Prime Minister Shinzo Abe’s stimulus revitalized the industry. Invincible Investment Corp., a ...

SAN FRANCISCO / AP Amazon.com is introducing two devices designed to amplify the role its voice-controlled assistant Alexa plays in people’s homes and lives. The products are echoes of Amazon’s Echo, a cylinder-shaped speaker with Internet-connected microphones that became Alexa’s first major showcase when it debuted in late 2014. Set these gadgets up and they’ll listen for your voice and ...

ALKESH SHARMA / Emirates Business Building upon its dependable repute of acting as a fertile ground for facilitating industrial deals and MoU pacts, ISNR 2016’s Business Connect team is all set to arrange more than 3,000 meetings between government, private sector buyers, and exhibiting companies in the forthcoming edition. This is a nearly 60 percent growth over its 2014 edition, ...

Bloomberg What is the oil rally running on? “Gasoline!” cry bulls. “Fumes!” cry bears (and the odd headline writer). To find out who is right, it is worth comparing this rally with the one that happened almost exactly a year earlier. The similarity doesn’t end there. This chart shows what happened with oil prices at the start of this year ...

Washington / AFP US employers defied a global slowdown and pumped up hiring in February, fending off worries about financial market turmoil and the oil industry crash. The Labour Department reported that companies and government authorities added a much better-than-expected 242,000 jobs last month, and the figures for the previous two months were revised higher. Steady growth in consumer spending ...

BLOOMBERG Amazon.com Inc. is dialing back on the security built into its tablets. Bad timing. The Web retailer decided late last year to remove the ability to encrypt data stored on its Fire tablets, a few months before a battle erupted between Apple Inc. and the FBI over the decryption of information locked in a terrorist’s iPhone. As a result, ...