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RAS AL KHAIMAH / WAM The Ras Al Khaimah Tourism Development Authority (RAKTDA), on Sunday announced a 14 percent increase in international visitors during the first six months of the year. These figures are larger than the United Nations World Tourism Organisation (UNWTO), forecast of 4 percent tourism growth in the Middle East in H1 and demonstrates the ongoing strength ...

Bloomberg US Secretary of State Michael Pompeo sought to shore up support among UN Security Council members for a North Korean sanctions regime that’s showing signs of weakening, as hopes for a quick denuclearisation agreement with Pyongyang fade. Standing alongside US Ambassador Nikki Haley in New York, Pompeo said the US expects countries to honour their commitments to cut off ...

Bloomberg Global economic growth is less synchronized and faces increasing threats, including from trade tensions, according to a draft statement from the Group of 20 leading economies obtained by Bloomberg News. “Downside risks over the short and medium term have increased,” said the document. A final version of the statement will be published on Sunday. Among the other risks to ...

Bloomberg Several major pharmaceutical companies lowered their spending on lobbyists in the second quarter of 2018, a time of uncertainty as President Donald Trump’s administration continued its campaign to lower drug costs for consumers. Pharmaceutical Research and Manufacturers of America spent $5.54 million between April and June, down 7.7 percent from the same period last year, according to disclosures released ...

Bloomberg It’s so hot in Texas that the power grid keeps breaking demand records, and it’s forecast to get so warm in California next week that natural gas prices have risen to a nine-year seasonal high. The Dallas-Fort Worth area shattered a 93-year-old daily heat record, reaching 108 degrees Fahrenheit (42 Celsius), the sixth straight day of triple-digit temperatures. It ...

Bloomberg KKR & Co. said it is taking over Taiwanese company LCY Chemical Corp. in a deal valued at $1.56 billion, as the global buyout firm seeks to make additional majority stakes purchases in Greater China. A consortium led by New York-based KKR agreed to acquire all of LCY’s shares for NT$56 each, a 17.3 percent premium to July 20’s ...

Bloomberg Peter Thiel is considering strategies to invest in Chinese startups as US venture capital firms seek a piece of the country’s fast growing technology sector, people familiar with the matter said. The conservative billionaire is weighing different approaches for investment, including raising a fund directly or through a partnership, two of the people said, asking not to be identified ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, hosted a banquet in honour of the Chinese President Xi Jinping, on the occasion of his historic visit to the UAE, at Qasr Al Bahr in Abu Dhabi. Sheikh Mohamed expressed his pride in ...

LONDON / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, signed a contract to establish the first phase of a new botanical garden in Sharjah. The signing ceremony was held in the British capital, London, in the presence of officials. Located adjacent to Sharjah New Mosque at the Sharjah – Kalba ...

Abu Dhabi / WAM The UAE leadership’s vision and its constructive policy are always yielding positive and practical results that entrench the country’s prominent stature and its credible assets as an active international player focussing on future forecasting and long-term balanced planning to deliver social, economic, scientific and cultural development to ensure a safe and prosperous future for generations, stated ...