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  Dubai / WAM Official figures released this week have demonstrated the UK’s continued attraction for visitors from the UAE. A record number of UAE nationals used the UK’s electronic visa waiver (EVW) scheme in the last year, according to a report issued by the UK Home Office. It added that there were more than 63,000 applications for EVWs in the ...

  Philadelphia / AFP President Barack Obama will step onto the Democratic convention stage on to champion former political foe Hillary Clinton, defend his own legacy and bury Donald Trump’s chances of reaching the White House. Obama will address the penultimate night of the party convention in Philadelphia, making the case that America’s first black president should be followed by ...

  Bloomberg Japan’s government on Wednesday announced a stimulus package worth more than 28 trillion yen ($266 billion) in its latest attempt to fire up the lukewarm economy, with the central bank expected to unveil its own measures this week. Policymakers are under pressure to boost growth as Prime Minister Shinzo Abe’s ‘Abenomics’ plan to kickstart the world’s number three ...

  Bloomberg China’s banking regulator is proposing tighter rules for the nation’s $3.5 trillion market for wealth-management products, a person with knowledge of the matter said, as the government moves to rein in shadow-financing risks. The China Banking Regulatory Commission has drafted regulations designed to protect mass-market investors, limit the involvement of smaller banks and ensure that lenders have adequate ...

  London / AFP Britain will enter EU exit talks in a strong position, finance minister Philip Hammond declared Wednesday, after data revealed economic growth unexpectedly accelerated in the run-up to the Brexit referendum. Gross domestic product (GDP) grew 0.6 percent in the second quarter, the Office for National Statistics (ONS) said in a first estimate for April-June, which included ...

  Bloomberg GlaxoSmithKline Plc, the U.K.’s biggest drugmaker, reported second-quarter earnings that beat analysts’ estimates and raised its forecast for the year as sales of new products doubled. Profit excluding certain costs surged 42 percent to 24.5 pence from a year earlier, the London-based company said in a statement on Wednesday. That topped the 21-pence average of analyst estimates compiled ...

  Dubai / Emirates Business The finalists for the 2016 Gulf Capital SME Awards organised by MEED have been announced. As many as 47 companies will now go on to compete to win in 13 categories. In its fifth year, the Gulf Capital SME Awards recognises success, growth and innovation in business. Judges were searching for customer focus, outstanding leaders ...

  Abu Dhabi / WAM Solar Impulse 2 returned safely to Abu Dhabi on Tuesday morning to successfully complete its historic round the world flight without using a drop of fuel. The first aircraft to circumnavigate the globe using only solar power, Solar Impulse 2 touched down at 04:05 to a rapturous reception at Al Bateen Executive Airport in the UAE ...

  Sagamihara / AFP A former employee went on knife rampage at a Japanese centre for the disabled on Tuesday, leaving 19 people dead and 25 injured in the country’s worst mass killing for decades. The 26-year-old man, who was fired and hospitalised earlier this year after making a threat to kill hundreds of disabled people, later turned himself in ...

  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 ...