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  Dubai / WAM Al Futtaim Carillion, a Dubai-based company, will be the main contractor for the key development of the three Theme Districts at Expo 2020 Dubai. The AED2.2 billion contract announced on Thursday is the first of AED 11 billion worth of construction contracts that Expo 2020 Dubai plans to award in 2017. Expo’s three Theme Districts will be ...

  Sharjah / WAM His Highness Sheikh Dr Sultan bin Mohamed Al Qasimi, Supreme Council Member and Ruler of Sharjah, inaugurated on Thursday, the Art For All Centre- Falaj of Sharjah City for Humanitarian Services (SCHS), located at Sharjah Heritage Square in The Heart of Sharjah area. Upon his arrival, His Highness signed the memorial board plaques, which is distinguished by ...

  DUBAI / Emirates Business Address Hotels + Resorts, the premium luxury hotel brand of Emaar Hospitality Group, on Thursday unveiled its new city lifestyle resort, Address Boulevard. It adds to Emaar Hospitality Group’s impressive and growing portfolio of luxury hospitality venues that have redefined the hotel industry and set new benchmarks in service standards. Address Boulevard has 196 spacious ...

  WASHINGTON / AP Despite his promises of a no-holds-barred administration, President Donald Trump is tiptoeing around US military engagements in Afghanistan and Iraq, and dialing back the threats of abandoning allies. It seems Trump is opting for an increasingly risk-averse approach to the world. Although he vowed an aggressive new Iran posture and at one point questioned even basic ...

  Bloomberg Didi Chuxing, the ride-hailing service that acquired Uber Technologies Inc.’s China business last year, has held informal talks with investors about raising billions of dollars to buy more time to build a profitable business model, according to people familiar with the matter. Didi’s investors, numbering more than 100, are divided over whether more capital is needed now, said ...

  Bloomberg Toshihiro Hirao, whose Japan hedge fund posted its biggest decline ever last year, sees relief ahead as he expects President Donald Trump’s policies to boost Japanese equities by the most in three years. Hirao, 52, who runs the Asuka Japanese Equity Long Short Strategy in Tokyo, is predicting that Trump’s pro-business agenda will help strengthen the dollar, stoking ...

  Bloomberg It’s not the economy. Prime Minister Narendra Modi took a dig at critics of his cash ban after government data showed surprisingly strong growth that helped India retain its position as the world’s fastest-growing big economy. “Well known intellectuals from Harvard and Oxford, who have been at key positions in the Indian economic system, had said the GDP ...

  Bloomberg China, which tightly censors the internet, called on Thursday for a new model for governing the web based on rules and order rather than the unfettered access seen in democratic societies. Speaking in Beijing, foreign ministry and cyberspace affairs officials made China’s latest argument for being a global leader in managing the internet. Unveiling the country’s first cyber ...

  Bloomberg Two years after Switzerland suffered a surge in the franc, the currency is still proving a challenge. While the move in 2015 didn’t cause a recession, the Swiss economy remains burdened with the aftermath: an exchange rate that the central bank continues to describe as “significantly overvalued.” That picture was reinforced by data on Thursday showing exports recorded ...

  Bloomberg Yahoo is punishing CEO Marissa Mayer and parting ways with its top lawyer for the mishandling of two security breaches that exposed the personal information of more than 1 billion users and already have cost the company $350 million. Mayer won’t be paid her annual bonus nor receive a potentially lucrative stock award because a Yahoo investigation concluded ...