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Abu Dhabi / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, on Monday launched the 38th Gitex Technology Week at the Dubai World Trade Centre (DWTC). Sheikh Hamdan bin Mohammed toured the five-day exhibition, which involves 4,000 government authorities and private sector companies that specialise in information technology, artificial intelligence (AI), blockchain, robotics, ...

Bloomberg President Donald Trump said migrant families may think twice about illegally crossing the US border from Mexico if they fear they’ll be separated by the US government, suggesting he’s rethinking a policy abandoned in July after widespread public condemnation. “We have people trying to come in like never before,” Trump told reporters as he departed the White House for ...

Geneva / WAM During its participation in the Inter-Parliamentary Union in Geneva, the Federal National Council’s (FNC), Parliamentary Division has presented the country’s experience in promoting gender equality in the scientific and technological sectors, and ensuring women’s empowerment in all fields. The 139th Assembly of the IPU is taking place in Geneva, Switzerland, until October 18. While attending the Human Rights ...

Abu Dhabi / WAM Saif Saeed Ghobash, Under-Secretary of the Department of Culture and Tourism in Abu Dhabi, expects the tourism sector in Abu Dhabi to witness the economic effects of the city’s stature as a major international tourism destination by the end of the year with a record numbers of tourists this year. In an interview with Etihad, Ghobash ...

Bloomberg With China’s economy slowing, banks under pressure to help invigorate growth are rushing to make room on their balance sheets for new lending. That’s unleashed a boom in a corner of the nation’s credit markets. Structured debt sales in China’s interbank bond market jumped in the last quarter to a record 300 billion yuan ($44 billion). Residential mortgage backed ...

Bloomberg Just more than a year ago, I ate at Nahm, in Bangkok—and walked out after paying barely $60 for a tasting menu that currently ranks 49th on the World’s 50 Best Restaurants list. My grand, five-star hotel, the Anantara Siam, with its gilded murals and landscaped courtyards, cost $150 a night, including a breakfast buffet that was truly fit ...

Bloomberg Canada is applying quotas and a 25 percent tariff on steel imports from China and other countries to avoid becoming a dumping ground for steel in the face of metal levies imposed by US President Donald Trump. Canada will erect new barriers to any flood of shipments of seven types of foreign steel, and will issue refunds and exemptions ...

Bloomberg Walt Disney Co is looking at ways to accommodate a group of 21st Century Fox Inc bondholders that say they are being wronged by a bond exchange deal as the two companies prepare to combine, according to a person familiar with the matter. Disney has offered to pay holders of $18.1 billion of Fox debt a small fee in ...

Bloomberg As if trade wars, rising interest rates and slowing global growth weren’t enough, the world’s finance chiefs are zeroing in on another source of concern: Italy. The populist government’s rule-busting budget plans and accusatory rhetoric against its European partners have repeatedly cropped up among ministers and central bankers at the annual meetings of the International Monetary Fund and the ...

Dubai / Emirates Business In the latest report issued by Dubai Land Department (DLD), Dubai’s real estate market witnessed a continuous growth driven by optimism among investors and developers, where the market recorded 39,802 real estate transactions worth AED 162 billion from the beginning of the year till the end of September. Commenting on these promising figures, HE Sultan Butti ...