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  ALKESH SHARMA / Emirates Business Increasing availability of Muslim-friendly travel facilities in the UAE, coupled with easy access to travel information about the nation is facilitating Emirates to strengthen its position as one of the most-sought-after destinations in the global Muslim travel market. Travel industry is expecting a nearly 18 percent increase in the arrival of Muslim tourists to ...

London / AFP Brexit campaigner Michael Gove announced a surprise bid on Thursday to become Britain’s next prime minister, in a blow for his close ally Boris Johnson’s chances, as turmoil gripped both the country’s main political parties after the shock vote to leave the EU. The race for the leadership of the governing Conservative Party kicked off as impatient ...

  Sunaina Rana / Emirates Business The holy month of Ramadan brings in lots of joy. However, the season also witnesses an increased rate of food wastage. It is estimated that the over 50 percent of food is wasted every day during the period. According to Ivano Lanelli, CEO of Dubai Carbon Centre of Excellence, “Food wastage is generated across ...

  Bloomberg Chancellor Angela Merkel’s government is working on targets to cut pollution on Germany’s roads that may effectively force carmakers to switch most of their sales to electric vehicles by the end of the next decade. Merkel’s chancellery is reviewing a draft of her coalition’s Climate Protection Plan 2050, which would require fossil-fuel emissions cuts of 45% for cars ...

  PARIS / AFP President Francois Hollande said he expected the French economy to perform better than expected this year and add at least 200,000 new jobs, as the deeply unpopular leader shifts into campaign mode ahead of next year’s elections. In an interview published Wednesday on the website of Les Echos daily, the Socialist president also repeated a promise ...

  Tokyo / AFP Japanese industrial production dived in May for the first time in three months, official data showed on Thursday, in a worrying sign for the already fragile economy. Factory output dropped 2.3 percent in May from a month earlier, much worse than the average 0.2 percent drop expected by economists, according to Bloomberg News. The weak figures come ...

  Bloomberg The U.S., Canada and Mexico put climate change at the center of efforts to deepen the North American alliance, pledging to cut greenhouse gas emissions from the oil and gas sector, boost the development of clean power and build new cross-border transmission lines. President Barack Obama, Canadian Prime Minister Justin Trudeau and Mexico President Enrique Pena Nieto completed ...

  Bloomberg Argentina unveiled the results of revised growth numbers for the past decade as the government of President Mauricio Macri seeks to restore investor confidence undermined by the previous administration. The data confirmed that the new president inherited an economy in recession. Gross domestic product shrank 0.7 percent in the first quarter from the last three months of 2015, ...

  Dubai / Emirates Business Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, announced on Wednesday via his official Twitter account that the Reading Nation Ramadan campaign has exceeded its set target of five million books to reach over 8.2 million books. The books will be distributed to unprivileged children and ...

  Sunaina Rana / Emirates Business Fluctuating oil prices have triggered diversification in the UAE market. However, the Economist Intelligence Unit (EIU) forecasts real GDP growth in the UAE to an average 3.6 percent per annum between 2015 and 2019, marking a decline from the 4.6 percent growth experienced in 2014. The Deloitte’s ‘Real Estate Middle East’ report predicts that ...