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Operations return to normal at DXB

DUBAI / WAM Dubai International Airport announced that air traffic returned to normal after a delay of several hours after Emirates’ flight EK521, coming from Thiruvananthapuram in India to Dubai, was involved in an incident at the airport this afternoon. A FEDEX aircraft was the first to take off from the airport while an Emirates flight also landed at 6:43pm ...

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30 students intern at Masdar

  Abu Dhabi / EMIRATES BUSINESS The Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy, and sustainable technologies, today announced that more than 30 undergraduate students, half of them UAE nationals, are currently interning with the research-based institution.

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Emirates resumes Conakry flights

  DUBAI / WAM Emirates is to resume flights from Dubai to Conakry, the capital of Guinea, from October 30. The airline said on Tuesday that the flight to Conakry will be linked to Emirates’ four times weekly service between Dubai and Dakar. A Boeing 777-300ER aircraft was introduced on the route between Dubai and Dakar on Wednesday (August 2) ...

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Ajman Free Zone kick starts its ‘Business Centre’

  AJMAN / WAM Ajman Free Zone launched its newest product, ‘The Business Centre’, a kick-starter pack for those looking to open companies in the country. The plan aims to contribute towards aiding entrepreneurs in establishing companies, and increase the rate at which companies start up in the city. It intends to do this by offering prices that are less ...

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Let the geeks watch over the internet

  As Russian intelligence agencies escalate their use of the US-created internet as a tool of political sabotage, it’s haunting to recall the famous communist dictum: “The capitalists will sell us the rope with which we will hang them.” Against this menacing background, the subject of internet governance — long an arcane topic of discussion among geeks and technologists — ...

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Abandon Trump to safeguard democracy

  The saying goes like this: counting other people’s sins does not make you a saint. And it defines Donald Trump, the Republican presidential candidate. Trump, a political neophyte, has attacked anything and everything during his primary campaign preceding nomination. He is uncouth, impulsive and belligerent. And he does not mince words. And yes, he shoots from the hip. Many ...

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Mervyn King’s new job

  One of the most famous and incisive critics of the banking industry has now taken a job as an adviser to a bank. The outcry that has followed is not only unjustified but also bewildering. Mervyn King, former governor of the Bank of England, has stirred controversy with his new job at Citigroup. Critics say such moves create a ...

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A year after crash, China has new bubbles, old tools

  The collapse of China’s stock markets a year ago was eye-catching, but in the end, hardly earth-shattering. Despite the pain for millions of retail investors, the fact is that stocks remain a small part of the financial system in China. Their brief, giddy rise and spectacular collapse never really threatened the wider Chinese economy, let alone the global financial ...

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Stocks fluctuate as crude rebounds to $40; emerging assets drop

  Bloomberg US stocks fluctuated near an all-time high, while a rebound in crude oil lifted energy producers and gold snapped its longest rally in six weeks. The rally in global bonds faltered. The S&P 500 Index swung between gains and losses as retailers stumbled a second day on lackluster quarterly results. Crude rose past $40 a barrel after U.S. ...

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Egypt closes at 1- high on IMF hopes, Gulf sags

  DUBAI / Reuters Egypt’s stock market closed at a one-year high on Wednesday on optimism among local investors that a loan deal with the International Monetary Fund would boost the economy, while weak oil prices and global bourses pushed Gulf bourses down further. Cairo’s main index jumped 1.6 percent to a one-year high of 8,105 points in rising turnover, ...

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