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New initiative to help boost repeat visitors to Dubai

Dubai / Emirates Business Dubai’s Department of Tourism and Commerce Marketing (DTCM) or Dubai Tourism is rolling out a set of initiatives to deliver end-to-end ‘Only in Dubai’ experiences to ensure tourists enjoy an unforgettable stay in the emirate and encourage repeat visitation as part of efforts to further strengthen and sustain the city’s world-class propositions. One of the key ...

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Trump warns to declare national emergency to build border wall

Bloomberg President Donald Trump said he could declare a national emergency to circumvent Congress and build a wall along the US border with Mexico, shortly after threatening Democrats that he’s prepared to keep part of the government shut down for a year or longer if his demands aren’t met. “Absolutely we can call a national emergency because of the security ...

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US tech transfers to China targeted in new security bill

Bloomberg The US hasn’t done enough to counter the use of technology transfers and supply chain infiltration from countries like China, leading to a grave national security risk, according to two US senators. To guard against state-sponsored technology theft and risks to supply chains that provide technology to US consumers, Senators Mark Warner and Marco Rubio have proposed legislation requiring ...

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Indian government says it’s on track to meet electricity deadline in March

Bloomberg The government of Indian Prime Minister Narendra Modi said it’s on track to meet its official March 31 deadline to provide electricity connections to every home, saying a December 31 goal promoted publicly by the power ministry was only an “internal target.” The ministry said in a statement that it aimed to achieve full electrification by year-end “so that ...

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Bristol-Myers to buy Celgene in $74 billion cancer-drug bet

Bloomberg Bristol-Myers Squibb agreed to acquire Celgene Corp in a record-sized $74 billion deal that will unite two drugmakers battling for advantage in a crowded market for innovative cancer treatments. Both companies have faced investor wariness about their prospects in recent months. Bristol makes an immunotherapy drug called Opdivo that accounts for roughly a quarter of its sales but that ...

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British economy shows signs of Brexit pressure

Bloomberg The first week of the new year brought a slew of bleak reports for the UK economy, highlighting the scale of the challenges to come as Britain prepares to leave the European Union. Data showed the housing market had its worst 12 months since 2013 last year, consumers remained reticent about borrowing and a gauge of services, the largest ...

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Comcast, AT&T to raise TV prices

Bloomberg Another year, another increase to your monthly pay-TV bill. Giants including Comcast Corp, Dish Network Corp and AT&T Inc’s DirecTV plan to raise rates again in the new year, a move that could boost revenue but risks alienating subscribers who have been ditching their traditional TV subscriptions in record numbers. Cable and satellite providers are hoping to squeeze more ...

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ADSW to address key global sustainability challenges

Abu Dhabi / WAM Abu Dhabi Sustainability Week, (ADSW) which will be held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, from January 12-19 will witness significant growth in the number of participating countries and visitors, by a rate exceeding 250 percent ...

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Ministry issues 540,359 business licenses in ’18

Abu Dhabi / WAM Up to 540,359 business activity licenses were issued by the end of December 2018, circa 1.6 percent up from August of the same year, according to the Ministry of Economy’s statistics. The growth reflects the uplift recorded since the beginning of the year across all economic platforms in a way that will spur the GDP, which ...

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DGCX value of contracts hit record $474.94bn in 2018

Dubai / WAM The Dubai Gold and Commodities Exchange (DGCX), announced on Wednesday that it has rounded off a highly successful 2018 by breaking its annual volumes record, trading 22.26 million contracts, up 28 percent from the previous year. The total value of the contracts was $474.94 billion, beating its previous highest value of $448 billion traded in 2013. Average Daily ...

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