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GCAA team identifies parts of flydubai plane wreckage

Dubai / WAM The General Civil Aviation Authority (GCAA) has announced that an investigation team begun the process of identifying aircraft wreckage recovered from the flydubai accident. A statement released by the GCAA today said that some parts of the wreckage have been identified and that the investigation will continue tomorrow in the hangar focussing primarily on the aircraft flight ...

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Weather to remain fair today, says NCMS

Abu Dhabi / WAM The National Centre for Meteorology and Seismology (NCMS), said that weather conditions are expected to be generally fair, with light to moderate winds on Friday. It added in a statement that relative humidity would increase during the night and early morning hours on some coastal and internal areas, with a chance of fog formation. The NCMS ...

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Air Arabia launches its maiden flight from Sharjah to Sarajevo

Sharjah / WAM Air Arabia has launched its inaugural flight from Sharjah to Sarajevo, capital of Bosnia and Herzegovina. The delegation on the inaugural flight was led by the Chairman of Air Arabia, Sheikh Abdullah bin Mohamed Al Thani. Flights to Sarajevo, the capital and largest city of Bosnia and Herzegovina, operate thrice weekly on Wednesdays, Fridays and Sundays, departing ...

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Dubai Tourism to safeguard Dubai brand logo usage

Dubai / Emirates Business Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) is collaborating with the Department of Economic Development (DED) in Dubai to officially implement and regulate the terms of use for the Dubai brand logo. The use of the Dubai brand logo across any activity must be approved by Dubai Tourism, through the application of a consent ...

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Al Noor opens 11th int’l health confab in Abu Dhabi

Abu Dhabi / Emirates Business The 11th International Conference of Al Noor opened on Thursday in Abu Dhabi under the distinguished patronage and presence of His Excellency Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Culture and Knowledge Development. The conference saw the participation of a large number of healthcare professionals from across the UAE and from abroad. In his ...

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Can automakers redefine mobility again?

If Mark Fields’ theory is correct, his industry faces novel challenges. His theory about the changing role of driving in Americans’ lives is one reason Ford Motor Co. now describes itself as an “automotive and mobility company.” Fields, Ford’s CEO, remembers a time when, on the day a teenager became old enough for a driver’s license, he or she made ...

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Economic impact of Brussels attacks

There is a consensus that the attacks in the Belgian capital on Tuesday may not have a long-term impact on EU markets, but should such assaults continue unrestrained they could result in hitting some key sectors such as travel and tourism. Belgium’s main stock index ended more or less flat on the day of attack and rose 0.2 percent on ...

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Brazil stages political theater of the absurd

Bloomberg Acclaimed Brazilian actor and director Claudio Botelho is used to enthusiastic audiences. But bringing the house down mid-performance was not in the script earlier this week, when Botelho — who is currently on stage playing a theater troupe impresario — turned to the audience and ad- libbed a few quips about a “crooked former president” and a “thieving president” ...

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Long-term consequences of negative rates

Most economists are tempted to rely on incremental analysis to explain the spread of negative interest rates and their implications for the global economy and markets. This is understandable, yet the inclination to focus primarily on marginal changes could be overly partial and even misleading — especially for market participants who must navigate the unintended consequences of sub-zero yields, including ...

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