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83 percent residents back UAE’s peaceful N-energy programme

  Abu Dhabi / WAM A national poll on nuclear energy has shown that 83 percent of UAE residents are in favour of the UAE Peaceful Nuclear Energy Programme. The research shows some of the highest favourability rates for nuclear energy in the world and is now at 83 percent, an increase of 13 percent since the last poll conducted in ...

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VP briefed on implementation of Expo 2020 central hub project

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, was briefed on the implementation of the project to construct Al Wasl Plaza, the central hub of the Expo 2020 site. Accompanying HH Sheikh Mohammed at the briefing were Crown Prince of Dubai HH Sheikh Hamdan bin ...

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Dubai’s apparel and footwear market worth $11.5bn in 2016

  Dubai /Emirates Business Dubai’s apparel and footwear market, valued at $11.5 billion in 2016, accounted for the largest share of the emirate’s retail sector, according to new analysis released by the Dubai Chamber of Commerce and Industry during the 11th World Retail Congress. The three-day Congress in Dubai in partnership with the Chamber, brought together 1,500 attendees, including 150 ...

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DIFC governor meets UK parliamentary team, envoy

  Dubai / Emirates Business His Excellency Essa Kazim, Governor of Dubai International Financial Centre (DIFC), welcomed a United Kingdom parliamentary delegation and His Excellency Sulaiman Al Mazroui, the UAE Ambassador to the UK, on a special visit to DIFC, the leading international financial hub in the Middle East, Africa and South Asian region. The UK is very important for ...

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ChemChina gets EU nod for $43 billion Syngenta deal

  Bloomberg China National Chemical Corp. won European Union antitrust approval for its $43 billion takeover of Swiss pesticide maker Syngenta AG, a day after the US gave its blessing, bringing China’s largest foreign acquisition closer to the finish line. ChemChina’s offer to divest some pesticides and other agricultural products will remove “problematic overlaps” and allow EU regulators to clear ...

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Australia regulators may increase lending curbs amid home boom

  Bloomberg Australian regulators may take further steps to rein in mortgage lending amid growing concern booming home prices pose a risk to the financial system. Restrictions on interest-only loans announced last week were a “tactical response” to growth in lending to property investors, Australian Prudential Regulation Authority Chairman Wayne Byres said in a speech in Sydney on Wednesday. The ...

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UK seeks end for clean energy goal that may sour Brexit talks

  Bloomberg Britain is looking for ways to scrap its 2020 clean energy targets while maintaining everyday trade in Europe’s energy market, an early sign of the kind of cherry-picking that threatens to sour Brexit negotiations. Officials in the Treasury and the business department are looking for a way to abandon the national goal of getting 15 percent renewable energy ...

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Cyprus looks to shed junk rating with economic rebound

  Bloomberg Cyprus wants investors to see it as a comeback kid. With an accelerating economy, the island nation that was forced to seek a bailout and impose a levy on bank deposits in 2013 is betting on an end to its junk rating. That should make it an attractive place for investors, the country’s leaders are saying. “What has ...

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Visa revamp to benefit big US tech, punish outsourcers

  Bloomberg The new way foreign worker visas are doled out in the US is poised to benefit some of the biggest technology companies, like Alphabet Inc., Microsoft Corp. and Facebook Inc., while punishing outsourcing firms that developed a disproportionate dependence on the program. The administration is increasing scrutiny on H-1B visa applications for low-level computer programmers, focusing enforcement on ...

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US firms turn to European targets as home deals lag

  Bloomberg Uncertainty about President Donald Trump’s domestic policies and weak European currencies buoyed outbound dealmaking by US companies during the first quarter of the year. US acquirers spent more than $70 billion on European targets in the three months to March 31, more than double the amount they dropped in the same period a year earlier and the most ...

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