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Etisalat successfully dials in 5G call from Burj Khalifa

Dubai / Emirates Business Following its global milestones achieved in 5G network this year and the live 5G video calls made across various locations in UAE, Etisalat announced the availability of 5G coverage in the world’s tallest and iconic tower Burj Khalifa showcasing readiness of the state-of-the-art 5G network and compatibility with industry leading 5G smartphones. The 5G call is ...

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Demand for ortho care on rise at Seha hospitals

ABU DHABI / WAM Abu Dhabi Health Services Company (Seha), the UAE’s largest healthcare network, announced that over 200,000 patients have sought treatment across its orthopedic facilities. Of these 200,000 patients, over 35,000 have been treated in the first half of 2019 alone. Most orthopedic cases range from victims of traffic accidents and fall, to workplace-related injuries caused due to ...

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Wetex 2019 an ideal platform for green innovations, solutions

DUBAI / WAM Dubai Electricity and Water Authority’s (Dewa’s) Water, Energy, Technology, and Environment Exhibition (Wetex) 2019 is an opportunity for green solution suppliers and providers, investors, and decision-makers — from private and public sectors that helps nurture international interest in green innovations — supports a sustainable environment and shift to a green economy. Wetex 2019 offers companies, decision-makers, invest-ors, ...

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Global empowerment of communities in focus at Aqdar summit

ABU DHABI / WAM The third edition of the Aqdar World Summit is set to kick-off this month in the Russian capital Moscow, featuring a high-profile UAE delegation taking part to discuss the global empowerment of communities. Held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of ...

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Thailand economy grows at slowest pace in five years

Bloomberg Thailand’s economy grew at the slowest pace in almost five years in the second quarter as exports and tourism were buffeted by US-China trade tensions and a strong local currency. Gross domestic product (GDP) rose 2.3% from a year ago, down from 2.8% in the first quarter, the National Economic and Social Development Council said on Monday. That’s the ...

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Japan exports fall again in July

Bloomberg Japanese exports fell for an eighth straight month in July, weighed down by shipments of auto parts and semiconductors, as slowing economic growth and trade battles raise fears of a global recession. The value of shipments abroad dropped 1.6% in July from a year earlier, according to the finance ministry. Economists surveyed by Bloomberg had estimated a 2.3% drop. ...

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Germany says it could spend extra $55 billion if crisis hits

Bloomberg Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Finance Minister Olaf Scholz suggested Germany could muster 50 billion euros ($55 billion) of extra spending in an economic crisis, putting a number on a possible fiscal stimulus for the first time. While Scholz signaled that action by Germany isn’t imminent, ...

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‘Fighting climate change will help economic growth’

Bloomberg Slowing the pace of climate change in line with the Paris Agreement has clear economic benefits as global warming is increasingly seen as a risk to financial stability and the economy. Abiding by the Paris Agreement and limiting annual average temperature increases to 0.01 degree celsius reduces global income by 1.07% by 2100. That compares with a 7.22% hit ...

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Europe IPOs at lowest since crisis fuels market fears

Bloomberg If the lament over a shrinking equity market has been momentarily drowned out in US by opening bells rung by red-hot debutantes, it’s only gotten louder on this side of Atlantic. Eighty-four companies have listed in Europe this year, the fewest in a decade by a mile, according to data compiled by Bloomberg. By deal value, it’s the lowest ...

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India keeps Kashmir under lockdown as anger grows

Bloomberg Communications restrictions continued across Kashmir two weeks after India scrapped the region’s autonomy, while the fate of detained political leaders — including former chief ministers — remains uncertain. India aid all government offices along with around 190 schools would be reopened from Monday, however curbs in some parts of the capital Srinagar were reimposed after protesters clashed with police, ...

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