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Bangkok / AFP Communist-ruled Laos must deepen reforms to maintain its rapid expansion, the IMF chief, Christine Lagarde said on Tuesday at the end of a rare visit to one of the world’s fastest growing economies. Resource-rich Laos has an annual growth rate of around 7.4 percent, but gains have not been evenly distributed and poverty remains widespread among its …

New Delhi / Bloomberg India may shut two of its oldest reactors almost five decades after they went into operation as power tariffs aren’t keeping pace with maintenance costs, according to Sekhar Basu, secretary at the Department of Atomic Energy. The first two reactors at Tarapur, about 100 kilometers from Mumbai at India’s western coast, suffer frequent maintenance shutdowns that …

Beijing / Bloomberg China plans to set up a commercial rocket-launch company in view of the market’s potential, the official Xinhua news agency reported. China Sanjiang Space Group Co. is preparing to enter the commercial-rocket business with a launch slated for 2017, Xinhua reported Tuesday, citing the company’s chief engineer Hu Shengyun. Some Internet companies have expressed interest in collaborating …

GULF TIME Vapiano is set to introduce breakfast for the first time in its history across its UAE outlets, marking an exciting new chapter for the international dining brand. The new Vapiano Breakfast Menu has been created to bring a fresh, social, and relaxed international lifestyle experience to the morning dining scene, offering guests a new way to begin their …

NEW WEST ZONE SUPERMARKET LLC, the registered and exclusive owner of the trademark “WEST ZONE” in the United Arab Emirates, hereby declares that  the company has no procurement or marketing branch operating in any of the Emirates in the UAE except “ Dubai”. The public, customers, and suppliers are hereby cautioned not to deal with any entity claiming to represent or belong …

ABU DHABI/WAM The Securities and Commodities Authority (SCA) is calling on investors to collect their dividends through First Abu Dhabi Bank (FAB), the paying agent appointed to handle the process. This comes as a part of its ongoing efforts to protect the rights of shareholders in companies listed on the UAE stock exchanges and ensure they claim any outstanding entitlements …

DUBAI/WAM Capital.com, the high-growth global trading platform and fintech group, has announced it is now offering its customers access to the principal UAE stock markets – becoming one of the first major trading platforms to do so. In a move that reflects the growing interest in the region’s economy, Capital.com is providing full coverage of the Abu Dhabi Securities Exchange …

ABU DHABI / WAM The Abu Dhabi Securities Exchange (ADX), the second-largest exchange in the Middle East, on Tuesday welcomed the successful listing of Alpha Data, a leading digital transformation provider and systems integrator in the UAE. This marks the UAE’s first IPO and the exchange’s second offering in 2025, reinforcing the exchange’s commitment to broadening the market and offering …