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  Dubai / WAM The Ministry of Economy on Monday signed an agreement and a Memorandum of Understanding with two government institutions to sustain its successes and accelerate growth in patent registrations. The agreement was signed with the Telecommunications Regulatory Authority (TRA) represented by the ICT Development Fund (ICT-DF) to finance the registration of additional 200 patents in information and communications ...

  Dubai / Emirates Business Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), launched the Free Electrons programme, a global energy accelerators programme that provides an integrated framework to promote international cooperation and support innovation, to identify solutions to meet future global energy needs. The announcement was made at the Armani hotel in Dubai. ...

  Dubai / WAM Expo 2020 Dubai will award 47 construction contracts worth AED11 billion (3.0 billion US$) in 2017 as preparations for the first World Expo in the Middle East, Africa and South Asia continue to gather pace. A further 98 non-construction contracts totalling more than AED 360 million (98 million USD) will also be distributed before the end of ...

  WASHINGTON / AP President Donald Trump is vigorously defending his immigration restrictions, as protests spread throughout the country, saying “this is about terror and keeping our country safe.” Trump released a statement asserting, “To be clear, this is not a Muslim ban, as the media is falsely reporting.” The president addressed the issue late Sunday in a statement as some ...

  Bloomberg Pakistan is confident of managing its rising debt obligations to China as the world’s second-largest economy boosts investment in the South Asia nation by about 20 percent. Pakistan will be able to handle repayments of Chinese soft loans to the government and businesses, which are part of a more than $50 billion of projects under the so-called China-Pakistan ...

  Bloomberg Sony Corp. said it will take a 112 billion yen ($1 billion) writedown in its movie business after reviewing the future profitability of its operations. The company said it would book the charge in the fiscal third quarter and is examining how that will affect its forecasts. To offset part of the loss, the company also said it ...

  Bloomberg US immigration restrictions introduced over the weekend are bringing the technology industry together in unified anger like never before. While the clampdown isn’t an immediate threat to businesses, emotions are running high because President Donald Trump’s executive order violates Silicon Valley’s self-image of inclusion and tolerance. More than any other industry, the tech enclave embraces the work and ...

  Bloomberg US consumer purchases climbed in December by the most in three months as incomes picked up, signaling a strong hand-off into 2017. The 0.5 percent advance in consumption, which accounts for about 70 percent of the economy, followed a 0.2 percent advance in the prior month, a Commerce Department report showed on Monday. The December increase matched the ...

  Bloomberg Toshiba Corp. is looking to sell more assets to repair a balance sheet facing multibillion-dollar writedowns. The conglomerate happens to have more than 600 different businesses, but raising cash from the firesale will be far from simple. While Toshiba’s two biggest enterprises are nuclear reactors and semiconductors, the Tokyo-based company also has its hands in a wide range ...

  Bloomberg China’s voracious demand for cotton is sparking the fiber’s best rally in six months. Chinese buyers have committed to purchasing almost five times more American cotton than at this time last year, the US government said in a report this month. The price of the commodity is heading for its biggest monthly advance since July. Hedge funds are ...