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Bloomberg The ongoing protests in Hong Kong, now in their 15th week, have delivered a blow to the city’s tourism industry not seen since the 2003 SARS epidemic. Tourist arrivals in the city declined almost 40 percent in August from a year earlier, Financial Secretary Paul Chan wrote in a blog post. That’s the biggest year-on-year decrease in visitor numbers ...

Dubai / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum said that development projects implemented across the UAE are chiefly aimed at ensuring the highest quality of life for all citizens and visitors. The projects aim to achieve the highest standards in accordance with global best practices. ...

Abu Dhabi / WAM Signalling growing investor confidence in the country, a total of 32,256 business licenses were issued in the UAE over the first eight months of the year, bringing to 572,615 the total number of business permits in the country, a growth of 6 pc from 540,359 by the end of December. The significant increase in business licenses ...

ABU DHABI / WAM Aldar Properties on Sunday launched its first residential community in the heart of Saadiyat Island – Saadiyat Reserve. The AED722 million community features 306 infrastructure enabled land plots open to buyers of all nationalities. This is the first land plot development to be launched on Saadiyat Island since the introduction of new laws enabling foreign buyers ...

Sharjah / WAM The Sharjah Commerce and Tourism Development Authority (SCTDA), announced that it is aiming to attract more Russian visitors this year as an increasing number of tourists from the country continue to flock to the emirate to experience first-hand its world-renowned hospitality and unique cultural heritage. According to the 2018 figures released by SCTDA, Russian visitors, ranked second on ...

Bloomberg China’s exports unexpectedly contracted in August, with sales to the US tumbling amid the escalating trade war between the two nations. Exports decreased 1 percent in dollar terms from a year earlier, while imports declined 5.6 percent, leaving a trade surplus of $34.84 billion, the customs administration said. Economists had forecast that exports would grow 2.2 percent, while imports ...

Bloomberg The senior manager at Nissan Motor Co who led the probe into excess compensation for Chief Executive Officer Hiroto Saikawa and other executives is resigning, people with knowledge of the matter said, the latest sign of chaos engulfing the Japanese automaker’s top ranks. Christina Murray, Nissan’s vice president in charge of audit and compliance, will leave the carmaker as ...

Bloomberg President Donald Trump said that he cancelled secret meetings with major Taliban leaders and the president of Afghanistan, set for Sunday at Camp David, and discontinued peace negotiations after a US soldier was killed. The sudden demise of the talks may doom direct US negotiations with the Taliban that held out the prospect of ending 18 years of combat ...

Bloomberg Facebook Inc and Google are facing intensifying scrutiny by state law enforcement officers with authority to impose vast fines and even break up companies that are found to have violated antitrust and privacy rules. New York is leading a coalition of states in a wide-ranging investigation of Facebook and the Texas attorney general said that he’ll announce a separate ...

Bloomberg Volkswagen AG said it is shuffling the leadership at its Moia unit to map out next steps in the development of its ride-sharing operations. Ole Harms, who has led Moia since its founding in 2016, will take on “a new, responsible task” within the world’s biggest automaker, the German manufacturer said in a statement. His successor will be the ...