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‘FDI can be used as vehicle to achieve sustainable growth’

DUBAI / WAM According to the 2017 Global Investment Report published by the United Nation’s Council on Trade and Development (UNCTAD), the UAE is the 11th largest FDI recipient in Asia. Its main investors are the UK, Japan and Hong Kong. In 2016, the UAE attracted $8.9 billion, a 1.7 percent increase on 2015, with the political and economic stability ...

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UAE firms have very good presence in US: Al Mazrouei

ABU DHABI / WAM UAE companies are using best-in-class technologies, and they have a very good presence in the US market, buying gas, producing petrochemicals and creating job opportunities, said Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry. The minister made the statements in a joint news conference Wednesday with US Secretary of Energy Rick Perry ...

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May faces new Brexit revolt from Johnson

Bloomberg Prime Minister Theresa May is facing a revolt from inside her Cabinet over her plan to keep UK regulations aligned with the European Union after Brexit, a split that threatens to undermine her chances of breaking the deadlock in negotiations. Foreign Secretary Boris Johnson and Environment Secretary Michael Gove, who together led the Brexit campaign in last year’s referendum, ...

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