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DUBAI / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, officially inaugurated the Global Islamic Economy Summit 2018 (GIES), the world’s largest forum dedicated to all aspects of the Islamic economy, which got underway in Dubai on Tuesday. Held under the theme “A Shared Future”, the two-day ...

Sharjah / Emirates Business Sharjah Entrepreneurship Center (Sheraa) on Tuesday announced that the second edition of the largest entrepreneurship festival in the UAE, Sharjah Entrepreneurship Festival (SharjahEF), will be held on November 20-21, at the Sharjah Golf and Shooting Club. Held under the patronage of Sheraa Chairperson HE Sheikha Bodour Bint Sultan Al Qasimi, the 2018 edition of SharjahEF will ...

Dubai / Emirates Business In the presence of His Excellency Rustam Noor Ali Minnikhanov, President of the Russian Republic of Tatarstan and His Excellency Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of DIEDC, Dubai Airport Freezone Authority (DafzaA) and the Dubai Islamic Economy Development Centre (DIEDC) have launched the first of its kind Halal Trade and Marketing ...

Bloomberg Deadly politically tinged violence that stunned the nation last week likely will sharpen the hard partisan edge that is defining the first midterm election of Donald Trump’s presidency. Grief and calls for civility have been replaced by finger-pointing by some members of both parties, including Trump, who blamed the news media for fostering hate just days after he made ...

Bloomberg China plans to deepen its foreign-exchange markets to encourage both domestic and overseas players to trade and borrow external currencies more onshore, in the latest step towards fostering a global role for its financial system. The China Foreign Exchange Trade System (CFETS), an arm of the central bank, plans to develop swaps involving overseas currencies — such as between ...

Bloomberg A tug-of-war between Japanese and American traders has been keeping yen watchers busy in October, according to a pattern which has emerged in daily price moves for the currency several times this month. On those days, the yen has shown a tendency to strengthen during US trading hours, as stock market volatility sparks a flurry of haven bets, before ...

Bloomberg Commonly seen as a tech-friendly hub, the UK is now targeting the likes of Alphabet Inc. and Facebook Inc. by introducing a digital services tax, joining the growing chorus against cash-rich tech giants. UK Chancellor of the Exchequer Philip Hammond unveiled the measure in his Autumn Budget in London. Aiming to raise 400 million pounds a year ($512 million) ...

Bloomberg International Business Machines Corp. is trying to avoid the fate of other companies that loaded up on debt to fund acquisitions, saying it will use some of its cash hoard and suspend share buybacks in an effort to prevent downgrades to the cusp of junk. The transaction will take IBM’s debt load close to $80 billion as it pursues ...

Bloomberg Novartis AG has dropped about a fifth of its research projects as the drugmaker narrows its focus on the most cutting-edge medicines. The pharmaceutical giant has reduced its drug programs to 340 from 430 after completing a review of its portfolio, Jay Bradner, president of the Novartis Institutes for Biomedical Research, said in an interview. Among the resea-rch projects ...

DUBAI / WAM Marking a new milestone that adds to the UAE’s achievements and a new phase in the development of the national space sector, the Mohammed bin Rashid Space Centre (MBRSC) announced the successful launch of the Emirati satellite KhalifaSat into orbit. KhalifaSat is the first Emirati satellite to be 100 percent developed at the facilities of MBRSC in ...