November, 2018

• 25 November

  Handbag superpowers Kors, Coach fight for crazed Macy’s shoppers

  

  Bloomberg During the holiday shopping frenzy that grips America every year, the handbag wars descend upon midtown Manhattan with unbridled fury. Specifically, the largest department store in the country: the Macy’s flagship. The behemoth opens its doors on Thanksgiving afternoon to thousands of shoppers, and the first thing they see are the bags. Employees on the front lines brace for ...

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• 25 November

  Amazon warehouse workers protest in Europe on Black Friday

  

  Bloomberg Amazon.com Inc. employees in Europe protested warehouse working conditions, some using the slogan “we are not robots”, in another challenge for the world’s biggest online retailer heading into its busiest time of year. Workers in Germany, Spain, and France walked off the job at Amazon fulfillment centres on Black Friday, one of the busiest online shopping days of the ...

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• 24 November

  Comprehensive long-term visa system to be introduced in UAE

  

  Abu Dhabi / WAM The UAE Cabinet approved long-term visa system for investors, entrepreneurs, specialised talents and researchers in the fields of science, knowledge and outstanding students to facilitate business and create an attractive and encouraging investment environment for the growth of business for investors, entrepreneurs and professional talents. The decision of the Cabinet follows the previous decision approved earlier ...

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• 24 November

  Treat every person as a special soul: Abdullah

  Abu Dhabi / WAM “To treat every person, no matter what his creed or race, as a special soul, is a mark of Islam.” HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, picked these golden words from one of the late Sheikh Zayed’s sayings, which he believes, every citizen should, memorise and live by. ...

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• 24 November

  DLD organises real estate exhibition in Azerbaijan

  

  Dubai / WAM The Dubai Land Department (DLD), the main sponsor of “RecExpo 2018,” has organised the fourth edition of the event in the capital of Azerbaijan, Baku. The three-day event complements the local economy in Azerbaijan and the growing demand for foreign investment. The RecExpo is considered the only international real estate exhibition to be held in Azerbaijan, witnessing ...

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• 24 November

  ‘Communities Forum’ launched in Abu Dhabi

  Abu Dhabi / WAM The Ministry of Tolerance organised the Communities Forum in Abu Dhabi concluding the specialised forums held during the National Tolerance Festival under the theme “On Zayed’s Approach”. The Forum was attended by more than 70 public personalities of community leaders and ambassadors of sisterly and friendly countries, along with business leaders, investors, thinkers and clergymen, members ...

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• 24 November

  Tax refunds scheme for tourists a success: FTA

  

  Emirates Business The Federal Tax Authority (FTA) asserted that the digital system for the tax refunds for tourists scheme has achieved notable success since it came into effect, noting that FTA officials were present at the Abu Dhabi, Dubai, and Sharjah international airports — the ports of entry included in the first phase of the project — to verify that ...

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• 24 November

  Oil sees worst week in 3 years

  

  Bloomberg Oil notched its biggest weekly loss since the depths of the last price crash, as record Saudi output and a global stock sell-off intensified crude’s free fall. Futures slid below $60 in London and ended the week down about 12 percent, the worst showing since January 2016. Traders focussed on the growing risks of a new glut of crude ...

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• 24 November

  Dewa awards AED118mn water pipeline contract

  DUBAI / WAM The Dubai Electricity and Water Authority (Dewa) awarded a AED 118 million contract to supply, fit, and commission 26.5 kilometres of water pipelines across Dubai. According to a press statement, the new project will help achieve vital ongoing projects on Dewa’s infrastructure, and increase water flow to meet demand. “This project is a part of our efforts ...

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• 24 November

  AI key for human development, says Omar Al Olama

  

  Dubai / Emirates Business His Excellency Omar Sultan Al Olama, Minister of State for Artificial Intelligence (AI), stressed that advanced technology and Artificial Intelligence are key tools for humanity. Al Olama also highlighted the importance of adopting these tools, developing them, and enabling them through flexible legislation in order to govern their usage. This statement was made during Al Olama’s ...

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