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5-day ‘watch and jewellery show’ opens in Sharjah

SHARJAH / WAM The 46th Watch & Jewellery Middle East Show was inaugurated on Tuesday by Sheikh Salem Bin Abdul Rahman Al Qasimi, Chairman of the office of His Highness the Ruler of Sharjah, in the presence of senior government officials, SCCI board members, diplomats, jewellery executives and industry representatives. Held under the patronage of HH Dr Sheikh Sultan bin ...

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Khalifa Fund showcases three innovative agri projects at GFIA

ABU DHABI / WAM The Khalifa Fund for Enterprise Development (KFED), participated in the sixth edition of the Global Forum for Innovations in Agriculture (GFIA) and showcased three innovative agricultural projects it supports as part of its endeavours to assist Emirati entrepreneurs, promote innovation and creativity, and help enhance the competitiveness of small and medium-sized enterprises (SMEs), across the different ...

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Foxconn close to trial output of newest iPhones in India

Bloomberg Foxconn Technology Group is within weeks of starting trial production of the latest iPhones in India as Apple Inc seeks to revive its fortunes in the country, people familiar with the matter said. The trial run of the iPhone X range of devices would come before Foxconn starts full-scale assembly at its factory outside the southern city of Chennai, ...

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Made-in-China reactor gains favour at home, US tech falters

Bloomberg China’s homegrown nuclear technology is gaining favour in the battle for the nation’s next generation of reactors, according to a state-owned developer, as it seeks to move on after delays and cost blowouts from imported designs. China’s reactor, known as the Hualong One, will be faster and easier to repair and maintain than competing foreign designs because it will ...

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EU-US trade talks to face delay, risking Trump ire

Bloomberg European Union governments are struggling to reach consensus on a mandate to begin trade talks with the US, risking a delay that would further provoke Donald Trump’s ire after the bloc’s refusal to include agriculture in the negotiations. At a meeting of EU ambassadors in Brussels on Wednesday, France is expected to resist giving the European Commission the green ...

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Fiat to play active role in industry change

Bloomberg Fresh off reports that it’s exploring a venture with PSA Group to build cars in Europe, the chairman of Fiat Chrysler Automobiles (FCA) said the automaker will remain an active player in helping to shape an automotive industry being transformed by technology. John Elkann, the chairman and chief executive officer of Exor NV, wrote in a letter to shareholders ...

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Combusting Hyundais, Kias spur US probe of 3mn cars

Bloomberg The National Highway Traffic Safety Administration (NHTSA) is investigating some 3 million US vehicles made by Hyundai Motor Co and Kia Motors Corp. following thousands of complaints that the vehicles went up in flames even without being involved in a crash. NHTSA tallied more than 3,000 complaints about the Hyundai and Kia vehicles that drivers lodged with the agency ...

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Algeria’s Bouteflika promises to resign, to leave his mark

Bloomberg Battered by more than a month of protests, Algerian President Abdelaziz Bouteflika said he would step down before the end of his fourth term on April 28, but suggested he would still craft the foundations of the transition to come. The announcement appeared aimed at avoiding what could be a military-sanctioned, and embarrassing, constitutional push to have him declared ...

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Government places a high priority on infra projects

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Monday visited Dubai Arena, the new multi-purpose arena developed by Meraas at City Walk. The venue is the largest indoor arena of its kind in the Middle East and North Africa region. His Highness affirmed that the ...

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ADFD facilitates $4.5bn worth of business deals for UAE firms

ABU DHABI / WAM In a bid to support the UAE’s national economy, Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, has facilitated business deals worth AED16.5 billion for UAE companies over the last 10 years to implement ADFD-funded projects in developing countries. Capitalising on its close relations with developing countries, the Fund has ...

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