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Nakheel to build 1.2mn sq feet mall at Nad Al Sheba

  Dubai / WAM Nakheel Properties announced that it is to build a new mall with 1.2 million square feet of shopping, dining and entertainment outlets at Nad Al Sheba. AE7 consultants will oversee the design, engineering and construction supervision of Nad Al Sheba Mall. A construction tender is expected to be released at the end of the year, according to ...

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Brand of Abu Dhabi Guide adopted

  ABU DHABI / WAM The Executive Committee of the Executive Council, presided by Saeed Eid Al Ghafli, Head of the Executive Office, adopted during its meeting Brand of Abu Dhabi Guide, prepared by the Office of Government Communication at the Abu Dhabi General Secretariat of the Executive Council. The Brand of Abu Dhabi Guide determines the regulations of the ...

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AED 1.2bn Dubai Opera to bring cultural, economic dividends

  Dubai / Emirates Business Emaar Properties has placed Dubai center stage in the fast-growing global arts industry with the pre-opening of its premier cultural destination, the multi-format Dubai Opera in Downtown Dubai, which hosted a sold-out concert by legendary Spanish tenor Placido Domingo Wednesday night. Mohamed Alabbar, Chairman of Emaar Properties, said that Emaar has invested AED 1.2 billion ...

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FANR lays groundwork for Int’l Atomic Energy Agency review

  Abu Dhabi / WAM The Federal Authority for Nuclear Regulation (FANR) reached a key stage in preparation for an International Atomic Energy Agency (IAEA) review of efforts to advise personnel on radiation protection in the UAE. The final review, formally called an Education and Training Appraisal in Radiation Protection and the Safety of Radiation Sources, EduTA, is scheduled for February ...

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UK pension deficits surge £100 billion in August

  Bloomberg UK pension deficits surged by 100 billion pounds ($131.4 billion) in August, as the gap between company set-asides and their obligations to retirees ballooned by more than 16 percent in a month. So-called defined benefit pensions, which pay retirees fixed amounts based on service, were underfunded by 710 billion pounds as of August 29, according to PricewaterhouseCoopers LLP’s ...

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Apple accuses EU of ‘political crap’ over €13bn fine

  AFP Apple chief Tim Cook on Thursday slammed a European Commission ruling demanding the US tech behemoth pay Ireland €13 billion in back-taxes as “political crap”, urging the Irish government to launch an appeal. “It’s total political crap,” Cook told the Irish Independent newspaper, of European Competition Commissioner Margrethe Vestager’s assertion that the company had paid a tax rate ...

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UK manufacturing rebounds to 10-month high in August

  London / AFP Britain’s manufacturing activity hit a 10-month high in August, rebounding strongly from a slump triggered by the country’s vote in favour of exiting the European Union, data showed Thursday. A slump in the pound caused by longer-term Brexit fears lifted export orders last month, according to the closely watched IHS Markit UK Manufacturing purchasing managers’ index. ...

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IMF may lift Argentina censure in November

  Washington / AFP The International Monetary Fund said that it could remove its unprecedented 2013 censure of Argentina in November after the country improved its reporting of key economic statistics. The IMF Executive Board said that Buenos Aires had made “extraordinary efforts and important progress” in improving the accuracy of growth and inflation data that they are required to ...

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US to host world’s largest conservation meeting

  Miami / AFP Some 8,000 heads of state, policymakers and environmentalists convene in Hawaii this week for the world’s largest gathering aimed at forging a path forward on the planet’s toughest conservation problems. US President Barack Obama is expected to be among the world leaders in Honolulu as the International Union for the Conservation of Nature (IUCN) opens its ...

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