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ADNEC contributes AED3.47bn to GDP

ABU DHABI / WAM Abu Dhabi National Exhibitions Company (ADNEC) announced that its impact on the Abu Dhabi economy in 2015 surged by 26% to AED3.47 billion from AED2.76 billion in 2014. This follows a 13% growth in the number of events hosted by Abu Dhabi National Exhibition Centre and Al Ain Convention Centre (AACC), which collectively hosted a total ...

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UK PM appeals to London Mayor on crucial EU deal

London / Bloomberg Prime Minister David Cameron started selling his deal on Britain’s membership in the European Union to voters with a direct appeal to Boris Johnson, the last senior figure in his Conservative Party still to declare which side he’ll join in the campaign. “I would say to Boris what I say to everybody else, which is that we ...

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Uganda re-elects Museveni amid concern over vote credibility

Bloomberg Ugandan President Yoweri Museveni was re- elected for a fifth term, extending his 30-year rule over the East African nation in polls marked by opposition arrests and international concern over the vote’s credibility. The former guerrilla commander won 60.75 percent of Thursday’s vote, renewing his mandate to govern the continent’s biggest coffee exporter as it plans oil production in ...

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10 Killed in caste riots in north India

Rohtak / Afp Ten people have died in caste protests which triggered widespread arson and looting in a north Indian state, police said on Sunday, as New Delhi faced a water crisis after mobs shut down a key supply. Thousands of troops with shoot-on-sight orders were deployed on Saturday in Haryana state, a day after week-long protests turned violent with ...

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Car bombs kill 57 in Homs

Beirut / AFP Double car bomb attacks killed at least 57 people in Syria’s central city of Homs on Sunday as international efforts to bring about a ceasefire in the war-torn country floundered. More than 100 people were injured in the twin bomb attacks in the Al-Zahraa district, according to the Britain-based Syrian Observatory for Human Rights monitor. Syrian state ...

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Erdogan: Strikes on Syrian Kurds ‘legitimate defence’

Ankara / AFP Turkish President Recep Tayyip Erdogan has defended his country’s fight against Kurdish fighters in Syria as “legitimate defence”, after international powers urged Ankara to rein in its cross-border bombardments. Turkey has been shelling targets in northern Syria for the past week in a bid to stem the advances of a Kurdish-led coalition that has seized territory in ...

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HK realtors under pressure to cut prices amid slowdown

Hong Kong / Bloomberg Hong Kong’s developers, who are throwing in enticements from iPhones to wine coupons in response to the slowest home sales in 25 years, might be running out of gimmicks to stoke demand. Most buyers aren’t biting as property analysts predict prices will fall as much as 25 percent this year after declining 11 percent since September. ...

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Majid Al Futtaim opens first Carrefour in Kazakhstan

ALMATY / Emirates Business Majid Al Futtaim Retail, the retail arm of Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa (MENA), has announced the opening of its first Carrefour hypermarket in Almaty, Kazakhstan, in line with the company’s rapid expansion across the Middle East, Central Asia, Africa and Russia. The ...

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UAE, Russia discuss stronger cooperation

ABU DHABI / WAM Dr. Amal Abdullah Al Qubaisi, Speaker of Federal National Council, FNC, has received Ilyas Umakhanov Deputy Chairmen of the Federation Council of Russia and the accompanying delegation, at FNC headquarters in Abu Dhabi. During the meeting, they discussed ways to strengthen friendship and cooperation between the UAE and Russia in various fields, especially in the parliamentary ...

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China removes top securities watchdog amid turmoil

Beijing / Bloomberg The head of China’s securities regulator has been removed from his post after last year’s $5 trillion stock-market bust, an unprecedented government rescue and a renewed crisis as plunging Chinese equities last month reverberated around the world. Xiao Gang, 57, a former head of Bank of China Ltd., had been chairman of the China Securities Regulatory Commission ...

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