January, 2018

• 14 January

  ZTE aims to launch 5G smartphone in US by early 2019

  

  Bloomberg Chinese smartphone maker ZTE Corp. aims to launch a smartphone with faster 5G internet capabilities in about a year, according to Lixin Cheng, chief executive officer of the company’s mobile device business. The device would be introduced in the US at the end of 2018 or early 2019, Cheng said in an interview with Bloomberg News. Plans may change ...

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• 14 January

  US criticises Alibaba again for selling fakes online

  

  Bloomberg Alibaba Group Holding Ltd. was cited again as a marketplace for fakes on a US blacklist, another sign of increasing tension between the US and China. The Office of the US Trade Representative included Alibaba’s Taobao online marketplace on its list of “Notorious Markets,” citing a high volume of reported counterfeiting and piracy. The agency acknowledged steps Alibaba has ...

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• 14 January

  Dubai, Tatarstan deal to enhance ‘Islamic economy’ cooperation

  

  DUBAI / Emirates Business The Dubai Islamic Economy Development Centre (DIEDC) on Sunday announced the signing of a Memorandum of Understanding (MoU) with the Group of Strategic Vision ‘Russia – Islamic World’ (RIW Group) to exchange expertise and best practices in the field of Islamic economy. Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of DIEDC, and Rustam ...

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• 14 January

  Hasher bin Maktoum opens CABSAT 2018

  

  Dubai / WAM His Highness Sheikh Hasher bin Maktoum Al Maktoum, Director General of Dubai’s Department of Information, on Sunday opened CABSAT 2018, the definitive event for broadcast, satellite and entertainment content sectors across the Middle East, Africa and South Asia (MEASA). Following the official opening, Sheikh Hasher toured the exhibition halls, meeting with exhibitors who have gathered in Dubai ...

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• 14 January

  Dubai Chamber launches initiative to advance automotive industry

  Dubai / Emirates Business The Dubai Chamber of Commerce and Industry announced the formation of the Automotive Manufacturers Business Group, which will be tasked with developing and advancing Dubai’s automotive industry. The organisation is the 28th sector-specific business group established under the umbrella of Dubai Chamber. By supporting the business group, the Chamber aims to protect the interests of automotive ...

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• 14 January

  Abu Dhabi International Boat Show makes waves in London

  

  Abu Dhabi / Emirates Business The inaugural edition of the Abu Dhabi International Boat Show (ADIBS), organised by Abu Dhabi National Exhibitions Company (ADNEC) in association with British Marine, has received an overwhelming response from exhibitors and industry professionals at the London Boat Show. The show provided a comprehensive overview of the very best the boating world has to offer. ...

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• 14 January

  NAMA, GTF to support 100 women to become business leaders

  

  Sharjah / Emirates Business Sharjah’s NAMA Women Advancement Establishment (NAMA) and the London-based international organization Global Thinkers Forum (GTF) have launched the Athena MENA Mentoring Programme 2018 to help women in the region to develop new skills and expertise, and to enhance, enrich and expand their professional and personal prospects. The two organisations confirmed the launch of the programme at ...

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• 14 January

  Stock momentum gets historic on eve of big earnings season

  

  Bloomberg The New Year’s rally has pushed the S&P 500 Index to its best start since the administration of George W. Bush. Now it’s bumping against speed barriers that marked the upper limits of bull markets for decades. Up eight times in the first nine days of 2018, the S&P 500 has broken away from a trend line, its 200-day ...

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• 14 January

  Pound’s post-EU vote high vulnerable to fragile Brexit sentiment

  

  Bloomberg The pound’s rally, spurred by hopes of a soft Brexit, may be vulnerable this week to heightened sensitivity to comments from European Union leaders on the prospects of such a deal. Sterling rose to its highest level since just after Britain’s EU referendum after signs emerged that some countries want a Brexit deal that keeps the UK as close ...

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• 14 January

  EU to launch $1.2 billion supercomputer plan sans UK

  

  Bloomberg The European Union will spend one billion euros ($1.2 billion) to try to catch up to China, the US and Japan in supercomputing, the European Commission said. But as the initiative launches, uncertainty over Brexit is creating anxiety among British computer scientists that the UK may miss out on opportunities from the plan. The goal of the project is ...

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