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Sharjah / Emirates Business Over the past nine years, Sharjah Investment and Development Authority (Shurooq) has accrued a portfolio of completed and ongoing projects worth AED 7.6 billion ($2.07 billion) extending across a total area of 11.74 million square metres. Following the Emiri decree No.2 to establish Shurooq, issued by His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Supreme ...

Dubai / WAM The Board of Executive Directors of the Roads and Transport Authority (RTA), chaired by Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors, has endorsed the final design of public bus stations that serves Expo2020. The project covers the construction of 14 bus passengers’ stations in addition to one bus depot at Al Quoz. ...

Dubai / Emirates Business Dubai Airport Freezone Authority (Dafza) announced the development of Dubai Blink, the world’s first B2B smart commerce platform. It will utilize artificial intelligence (AI), blockchain technology and virtual business licenses, allowing companies from around the world to connect and trade via Dubai. As one of Dubai 10X initiatives, Dubai Blink was presented to Dubai Free Zones ...

BRUSSELS / WAM The UAE Minister of State for Defence Affairs, Mohammed bin Ahmed Al Bowardi, lead a UAE delegation during a North Atlantic Treaty Organisation (NATO), defence ministers meeting, held in the Belgian capital, Brussels. The UAE delegation — which participated in meeting discussions revolving around global military affairs — included senior officers and officials of the Ministry of ...

Bloomberg ZTE Corp. pledged to overhaul its flawed management and internal culture after striking a deal with the US to get back in business after a damaging two-month hiatus. In a memo to employees seen by Bloomberg News, Chairman Yin Yimin promised to hold “relevant people” accountable for a ban on purchases of American technology that threatened to smother China’s ...

Bloomberg Indians increase purchases of refrigerators and TV sets around election time as the government puts more money in the hands of voters, which stands to benefit some of the world’s most profitable consumer finance companies. Prime Minister Narendra Modi is following his predecessor in boosting spending before polls due early 2019, a practice that has sparked surges in stocks ...

Bloomberg It’s the $85 billion question that could hold the key to how mega deals are made for years to come. When US District Judge Richard Leon hands down his decision on AT&T Inc.’s proposed takeover of Time Warner Inc. next week, the likes of Comcast Corp., Verizon Communications Inc., Cigna Corp. and CVS Health Corp. will be watching keenly. ...

Bloomberg Verizon Communications Inc. named Hans Vestberg as its next chief executive officer, picking a leader who plans to stay the course even as all three of the company’s major wireless rivals are pursuing megadeals. The move will take effect Aug. 1, ending months of speculation over who takes over at the largest US wireless carrier in the midst of ...

Bloomberg Daimler AG could split its truck unit and passenger-car business into separate companies, but it’s not a necessity and won’t happen unless stockholders want it to. “It’s not so much an issue of management, it’s more of the shareholders, what they want to do,” Martin Daum, Chief Executive Officer of Daimler’s truck unit, said in an interview at the ...

Bloomberg Israeli troops killed four Palestinians along the Gaza Strip border on June 08 as the Hamas group that rules the coastal strip struggled to revive a flagging protest campaign. About 10,000 people protested at five spots along the border, sending flaming kites and airborne pipe bombs into Israel and hurling rocks and grenades, the Israeli army said. At least ...