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Dubai / WAM Economic conditions in Dubai during Q1 2018 have improved over Q1 and Q4, 2017, according to a business confidence survey conducted by the Department of Economic Development (DED), Dubai. The survey indicates that the Composite Business Confidence Index has improved by 5.5 points after registering 116.7 points in Q1 2018 as compared to 111.2 points during the ...

Bloomberg The leaders of Asia’s two most-populous countries agreed to strengthen communication between their two militaries to avoid disputes along their contested Himalayan border, after last year’s months-long standoff over territory in Bhutan. Chinese President Xi Jinping and Indian Prime Minister Narendra Modi met for an “informal summit” in China’s central city of Wuhan on April 27 and on Saturday. ...

Bloomberg The US issued a new warning to China on its handling of intellectual property as President Donald Trump prepares to dispatch senior advisers to the Asian nation to head off a trade dispute. The US Trade Representative’s office kept China on its “priority watch list” of countries whose IP practices require monitoring. China has an “urgent need” to fix ...

Bloomberg Honda Motor Co., which until last year was the fastest-growing car brand in China, gave a full-year profit forecast that trailed analysts’ estimates on a stronger yen as it halted sales of its popular CR-V crossover in the world’s largest vehicle market. Operating profit will probably fall to 700 billion yen ($6.4 billion) in the year ending March 2019, ...

Bloomberg T-Mobile US Inc. and its German owners are advancing towards a long-awaited telecommunications union that would value merger partner Sprint Corp. at about $24 billion, according to people with knowledge of the matter. Under the terms being discussed, T-Mobile backer Deutsche Telekom AG would receive a 42 percent stake and 69 percent voting interest in the combined company, said ...

Bloomberg Johnson & Johnson persuaded an appeals court to throw out a $151 million award against the company over its Pinnacle artificial hips in a ruling that will affect thousands of lawsuits over the devices. A judge’s error in allowing hip recipients’ lawyers to use “highly prejudicial” evidence about bribes paid by officials of J&J units in their 2016 case ...

Bloomberg AT&T Inc. sales and earnings missed analysts’ estimates last quarter, putting additional pressure on the company to complete its Time Warner Inc. takeover and transition into a more diversified media giant. Earnings amounted to 85 cents a share in the quarter, excluding some items, the carrier said . That fell short of the average prediction of 88 cents, sending ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (ADNOC), has honoured the vast contributions of its retirees to the growth and development of ADNOC. At an event to launch the ADNOC Pioneers alumni programme, ADNOC brought together more than 700 retirees in its first event in recognition of the company’s retirees’ contributions to the success of the company. ...

Abu Dhabi / WAM Held 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, the 28th edition of Abu Dhabi International Book Fair (ADIBF), was officially inaugurated on Wednesday by His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and ...

DUBAI / WAM Dubai’s tourism sector rallied strongly, steadily picking up pace through the first three months of 2018 in light of growing currency pressures as it continued to retain and grow share across global markets. Welcoming 4.7 million international overnight tourists from January-March 2018, the emirate posted a stable 2 percent increase in traffic versus the same period last ...