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DUBAI / WAM Government and private sector collaboration is key to overcoming challenges and driving further sustainable development in the UAE, a report by the Federal Competitiveness and Statistics Authority (FCSA) revealed on Wednesday. Titled, ‘Achieving the Sustainable Development Goals in the UAE — Private Sector Contribution’, the report, produced in collaboration with Oliver Wyman, noted how sustainable development is ...

ABU DHABI / WAM The UAE will join global celebrations for World Humanitarian Day, commemorated on August 19 every year. On this day, the UN Office for the Coordination of Humanitarian Affairs (UNOCHA) advocates on behalf of the entire humanitarian community, honouring humanitarian efforts worldwide and propagating the idea of supporting people in crisis. This year’s World Humanitarian Day is ...

Bloomberg Australian pension fund First State Super is on a hiring spree as it seeks to more than double in size to A$200 billion ($136 billion) within next four years. The Sydney-based firm’s investment team will grow to more than 100 people from 80 by 2022 as it builds out in-house expertise across equities, fixed income, infrastructure and direct lending, ...

Bloomberg Indonesian President Joko Widodo proposed record government spending next year to drive the economy to its quickest projected growth in seven years, counting on stimulus and investment to overcome risks from a global slowdown and escalating trade war. Southeast Asia’s largest economy is forecast to grow 5.3% next year, the fastest pace since 2013, the president said in his ...

Bloomberg There are sell-offs and there are sell-offs. But what occurred in Argentina is on a scale of its own. The local stock market tanked 45% in dollar terms and bond prices tumbled 34% after a surprise in the primary election on August 11 that was widely seen as foretelling a victory for the opposition populists when the presidential vote ...

Bloomberg The UK will grapple with a shortage of fuel, food and medicine as well as job losses and a disruption at its ports of as long as three months with a no-deal Brexit, the Sunday Times reported, citing leaked government documents. The dossier called “Operation Yellowhammer,” prepared by the cabinet office, also warned that the supply of fresh food ...

Bloomberg Shopify Inc.’s scorching rally and Lightspeed POS Inc.’s successful trading debut this year are throwing the spotlight on who might be the next Canadian tech star to go public. A total of C$1 billion ($751 million) was invested in 142 venture capital deals in the first quarter, up 48% from a year earlier, according to the Canadian Venture & ...

Bloomberg An IS affiliate said it was responsible for a suicide bombing attack at a wedding hall in Afghanistan’s capital that killed 63. More than 180 others were injured in the attack, which took place at 10:40 pm in the western part of Kabul, Nasrat Rahimi, a spokesman at the Interior Ministry, said by phone on Sunday. There were about ...

DUBAI / WAM Dubai welcomed 8.36 million international overnight visitors in the first six months (January-June) of 2019, posting a positive three percent in tourism volume growth compared to the same period last year, according to the latest data released by Dubai’s Department of Tourism and Commerce Marketing, Dubai Tourism. The new figure reinforces the continued strength of Dubai’s tourism ...

DUBAI / WAM In 430 days, the world will witness a key international event, the Expo 2020 Dubai, which will be a cultural platform for gathering countries for 173 days in one place, to showcase their cultures, heritage and histories to 25 million potential visitors. Participating countries are looking forward to the event, where intellectuals will meet to shape the ...