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Irish teachers head to UAE as salaries fall back at home

  DUBLIN / WAM With salaries and job opportunities falling at home, dozens of Irish teachers are heading to the UAE next month to take up posts in primary and secondary schools, according to a report on Saturday in the Irish Independent newspaper. “A sense of adventure is the attraction for some, with others viewing the opportunity as a chance ...

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UAE’s non-oil trade reaches AED269.5bn in Q1

  Abu Dhabi / WAM The UAE’s direct non-oil trade recorded AED 269.5 billion during the first quarter of 2016, maintaining almost the same figures achieved in Q1 last year, said the Federal Customs Authority (FCA). FCA said its preliminary statistics show that imports, AED 166.1 billion, accounted for more than half of the UAE non-oil foreign trade during Q1 this ...

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Stock of QE-eligible bunds shrinks as rally gathers pace

  Bloomberg A seventh straight week of gains in German bunds has pushed yields on securities of all maturities to unprecedented lows — leaving about $801 billion of debt out of the reach of the European Central Bank. The surge in sovereign debt since Britain’s vote to exit the European Union last month has pushed yields on about 70 percent ...

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US economy looks strong with 287,000 jobs added in June

  Washington / AFP US employers added new workers at a surprisingly strong rate in June after an unnerving stall in May, in a clear demonstration of economic resilience, the Labor Department reported. The much better-than-expected numbers gave a boost to markets in the US and Europe, which have been battered down by worries that Britain’s vote to withdraw from ...

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Putin seen as friend & foe as NATO boosts East

  Bloomberg Russia shouldn’t be considered an adversary, but rather a “partner that can, at times, use force,” Francois Hollande said as he arrived at a summit of NATO leaders. The French president’s remark not only summed up NATO’s complex relationship with its largest and most aggressive neighbour; it also revealed how its 28 leaders are struggling to come up ...

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Protests in US cities as Dallas shooting rocks race relations

  VALDOSTA / AP Thousands of protesters marched in US cities late Friday, one day after a black extremist shot dead five cops who were protecting a peaceful march against police brutality in Texas. President Barack Obama said he will cut short a foreign trip and visit Dallas next week as the shooting rampage by the black army veteran, who ...

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The alternative way to pay

  Ritika Sharma / Emirates Business Banking apps and mobile wallets will soon surpass the traditional payment methods in the UAE as more and more customers seek comfort in cashless payment systems. A vast appetite for technological advancements in the payments industry is helping in making the country one of the leading countries in the world, when it comes to ...

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Non-OIC nations move up Muslim travel index

  Alkesh Sharma / Emirates Business Members of the Organisation of Islamic Countries (OIC) always have a unique advantage when it comes to Muslim travel, thanks to the plethora of Muslim-friendly facilities and services available. However, some non-OIC destinations have also started targeting the Muslim travel market and are making sustainable efforts to offer tailor-made services to attract them. Recent ...

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Mobile Capture tech to transform IT sector

  Sunaina Rana / Emirates Business Mobile phones are an integral part of digital advancements that are transforming almost every sector these days. Experts say the Mobile Capture technology will change the face of information management soon. Stressing on the importance of a high-tech future, Emma Isichei, Worldwide Category Director, Capture Solutions at Kodak Alaris, emphasizes the need for adopting ...

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Iran hopes to join nuclear fusion power plan in France

  NEW YORK / AP Iran is hoping to join an international project in southern France that hopes to build the first machine to generate significant amounts of energy using nuclear fusion, which is considered a clean, safe and virtually limitless form of nuclear power. Laban Coblentz, spokesman for the ITER project, said a high-level Iranian delegation led by nuclear ...

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