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MAKKAH / WAM President Abdrabbuh Mansour Hadi of Yemen received His Highness Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister of Foreign Affairs and International Cooperation, to take a stock of the latest developments in Yemen, ongoing efforts to restore stability to all Yemeni territories and the delivery of humanitarian and relief assistance to the fraternal Yemeni people. His Highness ...

Dubai / WAM Dr Ahmad bin Abdullah Humaid Belhoul Al Falasi, Minister of State for Higher Education and Advanced Skills, said that the UAE will lead the advanced skills portfolio through its forward-looking approach and will be launching several projects and initiatives in this regard. The minister’s remarks came during the second season of the Dubai Future Academy’s ‘Pioneer Series’ ...

DUBAI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy (MoE), said that preliminary estimates issued by the Federal Competitiveness and Statistics Authority (FCSA), indicate growth in the economic performance of the UAE in general; which came as a result of growth in oil resources and rise in international oil prices and growth in non-oil sectors. Al Mansouri also ...

Abu Dhabi / Emirates Business The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) in association with the Department of Economic Development of Abu Dhabi (DED) has announced a 24-hour mall mega sale, featuring discounts of up to 90 percent, as part of this year’s Eid Fest celebrations. With more than 1,500 stores involved, the sale will ...

Bloomberg China’s restaurant review and delivery giant Meituan Dianping plans to file for an initial public offering of about $6 billion in Hong Kong as soon as this month, according to people familiar with the matter, the city’s second multibillion-dollar public listing by a tech startup this year. The company is considering selling about 10 percent of the company, the ...

Bloomberg Chinese serial entrepreneur Lei Jun has been compared with Steve Jobs. Now, analysts are saying the smartphone giant he built could be twice as expensive as Apple Inc. Xiaomi Corp. deserves to trade at a premium to global phone brands due to its market-share gains and faster growth trajectory, according to research from Morgan Stanley, one of banks leading ...

Bloomberg Almost three decades ago, BlackRock Inc. created software to obsessively monitor the then-fledgling firm’s financial risks. Now, after turning it into an essential tool on Wall Street, the firm is zeroing in another kind of client: financial advisers. The world’s largest asset manager is marketing its risk analytics software, known as Aladdin, to the army of wealth managers who ...

Bloomberg Facebook Inc. is facing more blowback for its decision to categorise the promotion of news articles as political content, with global publishers now urging Chief Executive Officer Mark Zuckerberg to change its policy. Seven trade groups representing media publishers and broadcast organis­ations in more than 120 countries including the New York Times, BBC.com and 21st Century Fox, sent a ...

Bloomberg With a government order to recall 774,000 vehicles in Europe, Daimler AG stands accused of having used illegal defeat device in its engines, while escaping the crushing cost of fines. The move follows consultations with the German government in Berlin on June 11, which Daimler Chief Executive Officer Dieter Zetsche called “constructive.” Transport Minister Andreas Scheuer for his part ...

Bloomberg The US and North Korea agreed to seek “complete denuclearisation of the Korean Peninsula” following a historic summit between President Donald Trump and Kim Jong-un, yet set no deadline and left the path to disarmament undefined. Trump defended the two-page document he signed with Kim at the end of their meeting in Singapore earlier on Tuesday, saying that he ...