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UAE supports global peace, security efforts: Mohamed

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, has affirmed that the UAE, under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, supports every effort aimed at achieving peace, security and stability across the world. At an official ...

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UAE and Bahrain accelerating scientific research cooperation

Abu Dhabi / WAM The UAE and Bahrain on Tuesday discussed ways of accelerating knowledge transfer and exchange of expertise between the two countries in areas of scientific research. This came during a meeting between His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, and Dr Sheikh Abdulla bin Ahmed Al Khalifa, Under-Secretary ...

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Dubai Holding, Emaar to build tech-driven retail metropolis

DUBAI / Emirates Business Dubai Holding and Emaar Properties have announced the launch of Dubai Square, a new retail metropolis that pushes the boundaries of modern retail and leisure in Dubai Creek Harbour by drawing on next-generation technology. Blurring the boundaries of online and in-mall shopping, integrating indoor and outdoor, and delivering a social experience like none other, the all-new ...

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Brand Dubai signs MoU with RTA

Dubai / WAM The Government of Dubai Media Office (GDMO), represented by its creative arm, Brand Dubai, signed a Memorandum of Understanding (MoU), with the Roads and Transport Authority (RTA), to undertake beautification projects across the city over the next three years. Under the agreement, the two organisations will establish strategic cooperation to implement public art projects aimed at enhancing ...

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North Korea dismantling key missile test facility, says report

Bloomberg North Korea has begun to dismantle a key rocket and engine-testing facility, according to an independent analysis of satellite imagery, a move that could bolster nuclear talks with the US amid signs of strain. North Korean authorities have in recent days started demolishing a building at the Sohae Satellite Launching Station where space-launch vehicles are assembled before launch, according ...

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Euro-area growth slows as trade fears mount

Bloomberg Protectionism is starting to weigh on the euro area’s economy. Growth in the region softened in July on weaker new orders and deteriorating confidence, according to a survey published on Tuesday. More worryingly, companies reported rising prices for raw materials, delivery delays and shortages, suggesting that tariffs — or the threat thereof — are already starting to disrupt global ...

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FDI boosts productivity of UK firms

Bloomberg British firms that get foreign direct investment (FDI) are more productive, especially small and medium-sized businesses. Experimental data from the Office for National Statistics showed that small firms that received money from overseas were 147.2 percent more productive on average than their counterparts. Medium firms saw a 197.4 percent boost, the report said. While just 1.1 percent of British ...

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Google parent Alphabet sees record highs despite EU fine

Bloomberg Google is still raking in marketing dollars from advertisers, propelling the online search giant to another strong quarter in the face of costly regulatory trouble in Europe. The shares jumped as much as 6.1 percent in extended trading, putting them on course for a record. Parent company Alphabet Inc. reported second-quarter sales, minus partner payouts, of $26.24 billion during ...

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350mn diners fuel battle for China’s food delivery crown

Bloomberg Alibaba Group Holding Ltd.’s food delivery platform Ele.me plans to spend $443 million this quarter trying to wrest customers from Meituan Dianping. Ele.me wants to command more than half of all food delivery transactions in China over the short- to medium-term, according to Chief Executive Officer Wang Lei, who took the reins after Alibaba acquired the startup this year. ...

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Bowing Samsung chief heralds economy shift by S Korea’s Moon

Bloomberg When South Korean President Moon Jae-in was greeted with four deep bows from de facto Samsung Group chief Lee Jae-yong earlier this month in India, the footage quickly went viral back home. The overseas encounter between two of South Korea’s most powerful men — their first since Moon’s election on an anti-establishment platform last year — struck a chord. ...

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