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UAE reaffirms humanitarian commitment

  Abu Dhabi / WAM The UAE is deeply committed to protecting humanitarian workers and providing emergency relief to more than 130 million people affected by humanitarian crises in over 40 countries, Reem bint Ibrahim Al Hashemi, Minister of State for International Cooperation, said on Thursday on the occasion of World Humanitarian Day. In a statement to mark World Humanitarian Day, ...

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Retail sector experiences robust growth

  Dubai / Emirates Business The first half of the 19th edition of Dubai Summer Surprises (DSS) has seen an upswing in economic activity across diverse sectors in the emirate from retail to hospitality, automotive to entertainment and financial services, as the region’s popular family extravaganza continues to further enhance Dubai’s position as the summer destination of choice. With special ...

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Aldar Academies’ Al Yasmina Academy marks A-level results

  Dubai / Emirates Business Al Yasmina Academy, part of Aldar Academies, the UAE’s leading provider of private education, is celebrating its students’ best-ever A-level results. Among those finishing the final year of A-levels, 74% percent achieved one or more A* to B grades, a 10% increase over 2015. Meanwhile, 35% of pupils earned all A* or A grades, a ...

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British retail sales rebound sharply post Brexit vote

  London / AFP Retail sales in Britain, a key driver of the economy, rebounded 1.4 percent in July from June’s drop, official data showed on Thursday, indicating no immediate fallout from Brexit but analysts warn of a tough year ahead. Sales by volume rose far higher than expected following a 0.9-percent drop in June that had been caused by ...

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Potash glut may last a decade, says Russia’s fertilizer tycoon

  Bloomberg Russian billionaire Andrey Melnichenko, whose fertilizer company is investing more than $6 billion in potash mining, said it could take at least a decade for the potash market to work off the excess because of the past “disruptive” actions by the largest sellers. Potash prices have collapsed since 2013, when a trade pact between Russian and Belarusian producers, ...

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Raging California ‘firenadoes’ threaten 82,000 homes

  California / AFP Weary firefighters on Thursday battled a raging inferno that was threatening the homes of more than 82,000 people in southern California and sent flaming “firenadoes” tearing across the brush. Nearly 1,600 firefighters were fighting the giant blaze, but had only contained four percent of it, according to a fire service official. Dramatic local TV news footage ...

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EmiratesGBC to host MENA’s best green building practices

  ABU DHABI / Emirates Business Emirates Green Building Council (EmiratesGBC) — an independent forum aimed at conserving the environment by strengthening and promoting green building practices — will showcase the best practices and experiences of the green building champions from across the Middle East and North Africa region at a special event on August 24 from 8.30am to 11.30am ...

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Concerns over price variance of used cars in online ads

  Dubai / Emirates Business SellAnyCar.com, the Middle East’s first and largest car buying service guaranteeing the purchase of any car within 30 minute, has released new research indicating that the price variance in classified ads for pre-owned car creates ambiguity and lowers the rate of successful transactions. The research is part of a SellAnyCar.com initiative to identify and address ...

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Philippines economy beats forecasts

  Manila / Bloomberg The Philippines economy grew faster than economists predicted last quarter, giving a boost to new President Rodrigo Duterte as he seeks to attract more investment and speed up infrastructure spending. Gross domestic product increased 7 percent in the three months through June from a year earlier, the fastest pace since the same period in 2013, the ...

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China creates new economy gauges of innovation

  Beijing / Bloomberg China is adding new instruments to its economic dashboard that will incorporate big data to help better track innovation and entrepreneurship in the new economy. Three indicators tracking innovation, entrepreneurship and the new economy are rolling out this year to gauge output in those fast-moving, category-bending and hard-to-measure sectors. All three will be distilled partly from ...

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