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TRA, DFSA ink pact on online security

  Dubai / WAM The Telecommunications Regulatory Authority’s (TRA), Computer Emergency Readiness Team, aeCERT, and the Dubai Financial Services Authority (DFSA) have signed an agreement to jointly promote information security at the DFSA and provide companies with measures to avert all forms of attacks in cyberspace. TRA will provide guidance, education and awareness about online threats, as well as assist ...

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UAE farms switch to organic

  ALKESH SHARMA / Emirates Business Moving at a fast pace towards ensuring food security and long-term sustainability in the farm industry, UAE has taken firm strides towards organic farming. This smart switch from the traditional farming practices to organic way of cultivating is being seen as a move aimed towards devising solutions to adversities including harsh climatic conditions, saline ...

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Medical tourism booms in country

  RITIKA SHARMA / Emirates Business From tourism to education and health to bio-diversity, UAE has made considerable strides in diversifying its economic prospects. Medical tourism is one such sector that is helping UAE to add to its highly regarded image of being a shopping or luxury holiday destination. Medical tourism has considerably added to the overall tourism sector of ...

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Poland, NATO kick off biggest manoeuvres amid Russia row

  Warsaw / AFP Troops hit the ground in Poland on Tuesday as Warsaw kicked off its largest-ever joint military exercises with its NATO allies, aimed at shoring up regional security amid the West’s worst standoff with Russia since the end of the Cold War. The two-week long Anaconda manoeuvres are aimed at “checking the alliance’s ability to defend its ...

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Argentine public-private bill to boost financing by $90bn

  Bloomberg Argentina’s President Mauricio Macri will send a public private partnership bill to Congress in the coming weeks that will increase the country’s financing capacity by as much as $90 billion, according to his top adviser on foreign investment. The bill will allow the government to speed up its investment in infrastructure while providing legal guarantees for private sector ...

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US crude oil deficit hits 17-year low as prices dip and shale flows

  Bloomberg Last week’s tepid jobs report may have dominated financial headlines in the U.S., but the oil market quietly had some better news for the American economy. The U.S. petroleum trade deficit, the gap between the value of imports and exports, shrank to a seasonally adjusted $3.13 billion in April, the Census Bureau said on June 3. That left ...

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China will try to cut excess steel glut: USA

  Beijing / AP China agreed to try to slash excess output of steel, avoid competitive devaluations of its currency and to wind down unprofitable “zombie enterprises,” US Treasury Secretary Jacob Lew said on Tuesday as the two countries wrapped up annual high-level meetings in Beijing. The commitment to persist with reforms to make China’s economy more balanced included specific steps ...

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China needs $1 trillion green finance to cut pollution

  Shanghai / Bloomberg China’s cities need about 6.6 trillion yuan ($1 trillion) of green financing over the next five years to reach its pollution-reduction targets, according to a report. Financial markets will need to cover as much as 90 percent of investment funding for clean transportation, energy-efficient buildings and renewable power through 2020, according to the executive summary of ...

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Brexit no issue for UK stocks with traders doubting polls

  Bloomberg U.K. stocks are posting their best performance in eight years, even as polls are increasingly pointing to a potential exit from the European Union. The weakening of the pound and a surge in miners have helped the FTSE All-Share Index erase its annual loss, making it outrun the Stoxx Europe 600 Index by the most since 2008. British ...

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Brexit opposed by Japan Inc. as $59 billion rides on ballot

  Bloomberg Japan Inc. has $59 billion at stake on the June 23 referendum in the U.K., when Britons vote to either leave or stay in the European Union. That’s the amount Japanese companies have invested in the U.K., which benefits more from the Asian nation than any other country outside Europe apart from the U.S., according to figures compiled ...

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