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  Dubai / WAM This year, Dubai maintained its attractiveness to global investors as in the first half of 2016, over 8,000 new companies joined the membership of Dubai Chamber of Commerce and Industry bringing its total membership to 193,000 with a 4.3% growth. This new addition takes the non-profit business organisation membership closer to 200,000 while enhancing the Chamber’s reputation ...

  Dubai / WAM The number of ideas put forward by Dubai Customs (DC) staff to the Mohammed bin Rashid Smart Council, from its launch in October 2015 until the end of June, was 1,527, of which 687 were approved, representing about 45% of the overall number submitted. This percentage was reached as a result of the enthusiasm shown by ...

  ABU DHABI / WAM Some 35 government and private companies have set up pavilions in the exhibition area of Liwa Dates Festival, promoting the latest trends and achievements in the business of dates. Among the active participants in the festival are: Al Dhafra, one of UAE’s largest dates company, which recently reported that the Emirates are now the world’s ...

  Bloomberg China National Petroleum Corp. said its Changqing oil field, the country’s biggest crude and gas producer, rebounded from losses earlier this year to post a first-half profit amid reduced spending. Oil and gas equivalent output from the field reached 26.5 million tons in the first six months of the year, on its way to meeting the 50-million-ton annual ...

  Bloomberg Steel supply from China, the world’s biggest producer, remains a “big worry” for the global industry, which continues to be under pressure despite an improvement in prices, JSW Steel Ltd. Chairman Sajjan Jindal said. There is “‘huge overcapacity” in China and the industry is worried about how the Asian nation will address the issue, Jindal, who runs India’s ...

  Bloomberg Emerging-market stocks are looking like a smart buy as investors begin to view the developed world, from frequent terror attacks to a troubled European Union, as the sometimes riskier proposition. This year, emerging-nation equities have outperformed their developed peers as concern over a hard landing in China subsided and a rebound in commodity prices propped up export-dependent economies. ...

  Paris / AFP France will pump 3 billion euros into state-controlled electricity company EDF, shareholders decided Tuesday, two days before it is expected to give the final green light to the controversial construction of two nuclear reactors in Britain. At an extraordinary meeting, shareholders approved a 4-billion increase in share capital, of which the French state, which owns 85 ...

  Aleppo / AFP Syria’s regime intensified air strikes on rebel-held areas of Aleppo province Monday as a UN envoy prepared to meet US and Russian officials to try to revive peace talks. France called for an immediate humanitarian truce in Aleppo city after civilian deaths in the provincial capital and after four hospitals were bombed there on Sunday. On ...

  Abu Dhabi / WAM The Abu Dhabi Department of Economic Development (ADDED) issued a decision that allows the licensing of restaurants that provide their services through mobile vehicles, subject to their being an existing restaurant or foodstuff catering license that is either owned 100% by a UAE citizen or with a local partner. Mohamed Munif Al Mansouri, Executive Director of ...

  Abu Dhabi / Emirates Business Making strategic long-term investments, and pooling knowledge and resources from within the oil and gas industry is central to energy sector progress, said senior officials and world representatives at a recent gathering in Abu Dhabi for members of the prestigious Middle East Petroleum Club (MEPC). Guests at the MEPC ‘Al Multaqa’ event were given ...