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Bloomberg Indonesia is on track to become a trillion-dollar economy and should be the envy of Southeast Asia. Yet on some key measures, the region’s biggest economy is falling behind. The nation lags neighbours on infrastructure development, faces a fiscal shortfall that’s heaping pressure on the state budget and still has 28 million people living in poverty. That’s even after ...

Bloomberg Singapore home sales fell in September as developers marketed fewer projects in a month considered inauspicious by Chinese homebuyers. Developers sold 657 units last month, down from a revised 1,246 in August, according to Urban Redevelopment Authority data released on Monday. That’s the lowest sales since January. A total of 73 new units were offered, down from 794 in ...

BAGHDAD / Reuters Iraq’s central government forces launched an advance early on Monday into territory held by Kurds, seizing a swathe of countryside surrounding the oil city of Kirkuk in bold military response to a Kurdish vote last month on independence. The government said its troops had seized Kirkuk airport and had taken control of Northern Iraq’s oil company from ...

Abu Dhabi / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, adopted the Government Communication Strategy 2017-2021. It includes a set of strategic objectives and national priorities to achieve optimal communication mechanisms and promote an integrated government communication system for federal entities. His ...

Abu Dhabi / WAM Mubarak Al Shamsi, the Director-General of the Abu Dhabi Centre for Technical and Vocational Education and Training (ACTVET) said that the WorldSkills Conference 2017 in Abu Dhabi provides a wonderful opportunity to address challenges, debate key issues, and identify solutions in the sphere of vocational skills with thought-leaders and policymakers from all corners of the globe. ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, received, at the Presidential Palace in Abu Dhabi and in the presence of HH Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, and HH Sheikh Mansour bin Zayed Al Nahyan, ...

Abu Dhabi / Emirates Business The Abu Dhabi National Oil Company (ADNOC) launched its new unified brand, bringing together its subsidiary companies under one common identity that will highlight the scale of its business, the size of its contribution to the UAE’s economy and its positive impact on the nation’s socio-economic development. The unveiling of ADNOC’s unified brand strengthens ADNOC’s ...

Bloomberg Bharti Airtel Ltd. surged the most since in five months after it announced that it had agreed to absorb Tata Group’s mobile-phone business in a “cash-free” transaction shaking up one of the world’s most crowded wireless markets. The stock advanced 7.8 percent to 431.60 rupees, the most since May 10, after India’s largest mobile-phone operator said it will get ...

Bloomberg Qualcomm Inc. filed lawsuits in China seeking to ban the sale and manufacture of iPhones in the country, the chipmaker’s biggest shot at Apple Inc. so far in a sprawling and bitter legal fight. The San Diego-based company aims to inflict pain on Apple in the world’s largest market for smartphones and cut off production in a country where ...

Bloomberg Artificial intelligence could add 630 billion pounds ($837 billion) to the UK economy by 2035, a government-commissioned report said. The economic boost would come from a combination of more personalised services, improvements in health care and adopting machine learning to find ways to use resources more efficiently, according to the report. But to see that gain, the UK needs ...