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Sharjah FDI highlights emirate’s unique investment climate in US

Sharjah / WAM As part of the latest in a series of ongoing global networking efforts to showcase the strength of Sharjah’s economy as a haven for foreign investors in its diverse economic sectors, a high-level delegation from the emirate, led by Sheikh Fahim bin Sultan Al Qasimi, Chairman of the Department of Government Relations of Sharjah, recently completed a ...

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DXB marks 58th anniversary

Dubai / WAM Since it was opened in 1960, Dubai International Airport (DXB), has welcomed nearly one billion travellers, becoming one of the world’s busiest airports, said the airport operator Dubai Airports in a statement on the occasion of the 58th birthday anniversary of the airport. ”Today, 58 years and 974,461,017 customers later, DXB is the world’s busiest international airport ...

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‘Exports, local industry growth vital for UAE development’

Abu Dhabi / WAM His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance and Chairman of Etihad Credit Insurance (ECI), Board of Directors, lauded ECI’s efforts during the first seven months of its operations, signifying a strong start to the vital role it plays in supporting the country’s exports activity and the development ...

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‘Roads of Arabia’ to open on November 8 at Louvre Abu Dhabi

ABU DHABI / WAM 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, and in partnership with the Saudi Commission for Tourism and National Heritage (SCTH), Louvre Abu Dhabi hosts ‘Roads of Arabia: Archaeological Treasures of Saudi Arabia’, the second international exhibition on ...

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‘No way’ North Korea disarms without US trust, says diplomat

Bloomberg Pyongyang won’t dismantle its nuclear weapons until it has “sufficient trust” with the US, North Korea’s top diplomat told the United Nations General Assembly, pressuring the Trump administration to drop its “coercive methods” such as sanctions. The remarks by North Korea Foreign Minister Ri Yong Ho underscored lingering friction between the nations amid signs their diplomats have resumed talks ...

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China’s manufacturers feeling pain as trade war escalates

Bloomberg Two gauges of activity in China’s manufacturing sector worsened in September, reflecting the nation’s economic slowdown and the fallout from the trade war with the US. The official manufacturing purchasing managers index (PMI) stood at 50.8 in September versus 51.3 in August, lower than the median estimate of 51.2 in a Bloomberg survey of economists. The Caixin manufacturing PMI, ...

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Indie hacker gets cold feet on an attack on Zuckerberg

Bloomberg An indie Taiwanese hacker said he will not proceed with a plan to take down Mark Zuckerberg’s Facebook page and broadcast it live on Sunday. Self-professed bug bounty-hunter Chang Chi-yuan, who ferrets out software flaws in return for cash, said on Facebook this week that he would live-stream an endeavour to delete the billionaire’s account at 6 pm local ...

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SEC forces Tesla to mute Musk’s dominance

Bloomberg A run-in with the US Securities and Exchange Commission may prove to be the recipe for reform that corporate governance experts have said Tesla Inc.’s board needed years ago. The electric-car maker has been forced to find an independent chairman to replace Elon Musk as part of a $40 million accord with the SEC to settle fraud charges related ...

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Google CEO agrees to attend House testimony

Bloomberg Google Chief Executive Officer Sundar Pichai, whose company drew the ire of senators for failing to send a top executive to a hearing earlier this month, has agreed to appear at another session on Capitol Hill. Pichai had a round of visits in Washington on Thursday and Friday, meeting with lawmakers and the White House’s top economic adviser. “This ...

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Peugeot goes high style to win buyers in Robo-car era

Bloomberg Mass-market carmakers like Peugeot have a recurring nightmare: Their vehicles being relegated to transport hardware while apps provide the value that consumers care about. To counter this scenario, Peugeot is trying to prove that style will still matter with a show car that resembles the classic 504 Coupe from 1969. While the styling is retro, the technology is futuristic ...

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