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Scrutiny of Alibaba sends China tech stocks into tailspin

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Bloomberg Investors in China’s tech shares just got another reminder that regulatory scrutiny into the sector is unlikely to go away anytime soon despite a concerted effort by authorities to shore up a flagging economy. On Friday, Alibaba Group Holding Ltd’s stock tumbled 6% on a report that company executives had been questioned in relation to the country’s largest known ...

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Agthia to buy 60% stake in Egypt snacks firm Abu Auf

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  Abu Dhabi / WAM Agthia group PJSC, one of the region’s leading food and beverage companies, on Thursday announced that its board of directors has approved a strategic acquisition of 60 percent of Auf group, a specialised healthy snacks and coffee manufacturer and retailer in Egypt. Established in 2010, Auf group processes, manufactures, retails and distributes a broad portfolio ...

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UAE President to begin state visit to France on Monday

  Abu Dhabi / WAM In his inaugural State visit as President of the United Arab Emirates, His Highness Sheikh Mohamed bin Zayed Al Nahyan is looking forward to meeting with the President of the French Republic, Emmanuel Macron, in Paris. His Highness will be received at the Elysée Palace on Monday, July 18. The visit is an opportunity to ...

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