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Dubai / WAM Dubai Land Department (DLD) has announced a number of new initiatives aimed to support the emirate’s economic diversification strategy by establishing Dubai’s real estate sector as the world’s leading property destination. The initiatives will see DLD developing a new mortgage and finance law in order to stimulate investment and streamline financial mechanisms in the real estate market. ...

Bloomberg The US and China look to be preparing for a protracted confrontation over trade and investment as they each try to line up allies for their cause. The struggle for support is being waged worldwide, with its locus shifting this week to Washington and the semi-annual meetings of the International Monetary Fund (IMF). Behind the battle: an effort by ...

Bloomberg Indonesia’s Fisheries Minister Susi Pudjiastuti deals with some dangerous men in her role, but they don’t rattle her. She has an equally intimidating weapon on her side: Google. Partnering with the search engine firm, Pudjiastuti is catching illegal fishing activity in real time, after thousands of vessels’ locations were revealed online. In her mission to clean up an industry ...

Bloomberg US President Donald Trump hailed “big progress” as North Korean leader Kim Jong Un pledged to halt nuclear testing, a largely symbolic gesture that appeared aimed at softening the ground for talks between the two leaders. Kim told a ruling party meeting in Pyongyang his regime would suspend tests of atomic bombs and intercontinental ballistic missiles after achieving its ...

Bloomberg Facebook Inc. set a lobbying record in the first three months, just as an uproar flared up the leak of data on millions of users’ without their permission. The company spent $3.3 million, according to disclosures filed with the government, up from the $3.21 million it spent in the same period a year earlier, which represented the company’s prior ...

Bloomberg General Electric Co reported solid results, reaffirmed its profit forecast and avoided the kind of nasty surprises that marred earnings in recent quarters. Chief Executive Officer John Flannery expressed optimism that GE would exceed its $2 billion cost-cutting goal and said he’s exploring new ways to run the company. “I’m excited about the path we’re on,” Flannery said on ...

Bloomberg Ericsson AB shares soared the most in more than 9 years after the Swedish maker of wireless networks posted first-quarter earnings that were stronger than analysts had expected, proof that the company is making progress in a protracted effort to reverse its fortunes. Ericsson’s closely watched gross margin — the share of sales remaining after production costs — rose ...

Dubai / Emirates Business The Dubai Chamber of Commerce and Industry organised a trade mission to Chengdu where delegates explored prospects for boosting economic cooperation between Dubai and China’s Sichuan Province. The Chamber-led delegation, represented by top UAE government officials and business leaders, participated in the Chengdu-Dubai Business Forum 2018 during their visit which coincided with the Chengdu Dubai International ...

Sharjah / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, on Wednesday opened the 10th edition of the Sharjah Children’s Reading Festival (SCRF) 2018, at the Expo Centre Sharjah. Organised by the Sharjah Book Authority (SBA), the festival themed “Your Future Just a Book Away” has seen the participation of 134 ...

DUBAI / WAM Dubai Multi Commodities Centre (DMCC), the world’s leading free zone for commodities trade and enterprise, signed a Memorandum of Understanding (MoU) with the Institute of Directors in India, during the 28th Word Congress on ‘Leadership for Business Excellence & Innovation’, taking place in Dubai. The MoU represents a commitment from both parties to strengthen ties, increase knowledge ...