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DUBAI / WAM In a sign of continuing investor confidence in Dubai and new opportunities arising across diverse economic sectors, the Dubai’s Department of Economic Development (DED), issued 4,057 new licenses for various professional, commercial, industrial and tourism activities in September. According to the Business Registration and Licensing (BRL), sector in DED, 65.2% of the new licences were professional, 33.2% ...

Bloomberg Donald Trump will try to turn the corner this week after one of the most calamitous stretches of his presidency but heads into that next phase weakened by self-inflicted missteps that have left him on the defensive. Trump had aimed to use a partial trade deal with China and a US-brokered ceasefire in northern Syria to change the subject ...

Bloomberg Berlin’s governing parties struck a deal to freeze rents for five years, marking one of the most radical plans to tackle spiraling housing costs in a major city and hitting the shares of major apartment owners. The German capital’s aggressive efforts to clamp down on rent increases have sparked interest in cities from Amsterdam to New York. While renters’ ...

Bloomberg Almost two weeks after 2.3 million people in California suffered through forced blackouts, the state’s utilities are warning they may have to cut power again with dry, gusting winds raising the threat of wildfires. At risk is supply to thousands who live and work in the mountains and valleys north of Los Angeles. A handful have already lost power, ...

Bloomberg In September, Jaguar Land Rover (JLR) unveiled a new development facility near Coventry in central England, equipped with technologies like 3-D printing and dedicated to a futuristic vision dubbed “Destination Zero”: No emissions, accidents or congestion. Early next month, Britain’s biggest auto manufacturer plans to add another goose egg: Zero production. The maker of luxurious Jaguar sedans and rugged ...

Bloomberg Japan Display Inc (JDI), the struggling supplier of mobile screens to Apple Inc, says it has about a year before it needs to decide on whether to take a plunge on next-generation organic light-emitting diode displays. While OLED panels are slimmer, more energy-efficient and offer higher contrast, JDI’s liquid crystal displays (LCD) will retain a price advantage that keeps ...

Bloomberg The global collapse in coal prices this year has dealt a particularly heavy blow to miners in Indonesia, the top exporter and one of the largest producers of the fuel. Bonds from the country’s financially weak miners have suffered more than peers elsewhere in Asia due to a lack of diversification and state backing that many competitors enjoy. Prices ...

Dubai / Emirates Business Under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance and President of Dubai Electricity and Water Authority (Dewa) inaugurated on Sunday the 6th World Green Economy Summit (WGES ...

BELGRADE / WAM A Federal National Council (FNC), delegation, led by Dr Amal Abdullah Al Qubaisi, Speaker of the FNC, concluded its participation in the meetings of the 141st General Assembly and the 205th Governing Council of the Inter-Parliamentary Union (IPU), held in the Serbian capital, Belgrade, with the participation of over 1,700 parliamentarians from 140 countries. During the meetings, ...

ABU DHABI / WAM Reem Mall, the world’s first fully digitally enabled smart shopping mall, was officially topped out this week after construction reached the highest point for the new mall structure. The topping out at the AED4.4 billion Reem Mall ($1.2bn) was marked by key project representatives from Al Farwaniya Property Developments including Faisal Sultan, Chairman, David Boesley, Executive ...