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UAE, South Korea keen to boost economic, investment relations

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Tuesday received the President of South Korea, Moon Jae-in, and his accompanying delegation, currently on an official visit to the country. Sheikh Mohammed bin Rashid welcomed the guest and expressed hope that the visit would result in ...

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South Korean president reaffirms commitment to strengthen ties with UAE

Dubai / WAM South Korea is committed to expanding cooperation with the UAE in new sectors as both countries push ahead with strategic plans to further develop their economies, President Moon Jae-in of South Korea, told government and business leaders at the UAE-Korea Business Forum on Tuesday in Dubai. Speaking at the forum, which will run until Wednesday, President Jae-in ...

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Abu Dhabi hotel guest numbers rise 15.2% during February

Abu Dhabi / Emirates Business Figures released by the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) for its hospitality sector reveal that the number of hotel guests staying in the emirate during February rose 15.2% compared to the same month the previous year, with a surge in Chinese guests spearheading impressive increases for all key source ...

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NMC meet explores prospects of developing local media content

ABU DHABI / WAM The National Media Council (NMC’s), Board of Directors has underlined the importance of developing local media content production to achieve the National Agenda 2021 and the UAE Centennial 2071 Plan, at its meeting, chaired by Dr Sultan bin Ahmad Al Jaber, Minister of State and NMC Chairman. Present at the meeting were Noura bint Mohammed Al ...

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Trump’s expulsions stun Putin in favour of snubbed Europe allies

Bloomberg The US president often accused of cozying up to the Kremlin suddenly looks closer than ever to the European allies he’s sometimes snubbed. Donald Trump expelled 60 Russian diplomats considered spies from the US, the most since 1986, demonstrating united resolve with Europe after the UK blamed Vladimir Putin’s government for a March 4 nerve-agent attack on a former ...

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Xiaomi’s CEO disses iPhone in unveiling $500 marquee device

Bloomberg Xiaomi Corp. unveiled its latest top-tier smartphone to bring the fight to Apple and Samsung, as the Chinese startup readies a highly anticipated initial public offering. Co-founder Lei Jun showed off the MIX 2S, which starts at 3,299 yuan ($527). The phone—on paper— sports many of the bells and whistles familiar to power users but is about half the ...

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Japanese commercial land prices increase by most in a decade

Bloomberg Commercial land prices in Japan rose by the most in a decade last year, thanks to a years-long tourism boom and ultra-low lending rates. The average price of commercial land nationwide rose 1.9 percent, the most since 2008, the land ministry said. The average price outside the three biggest metropolitan areas rose 0.5 percent—the first gain in 26 years. ...

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UK employers concerned about Brexit migration restrictions

Bloomberg British employers have become reliant on European Union workers and are concerned about restrictions after Britain leaves the bloc next year, according to a government-commissioned study published. “Employers were fearful about what the future migration system might be,” the Migration Advisory Committee said in an interim report. “Many employers in lower-skilled sectors have built a business model in which ...

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BMW plans car-subscription pilot in Nashville

Bloomberg BMW AG will begin a car-subscription pilot in Tennessee next week, joining the ranks of automakers experimenting with new ownership models as ride hailing and smartphones upend traditional auto retailing. The service, called Access by BMW, will be offered by a local BMW dealership in Nashville starting from April 2, according to a person familiar with the company’s plans ...

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Rift opens between Germany, France over US steel tariffs

Bloomberg Germany is willing to offer the US concessions to stop President Donald Trump from slapping tariffs on European steel and aluminum, exposing a divide with France on how to avert a trade war. Germany is ready to discuss with the European Union in every respect measures to counter the US threat to impose tariffs, according to a government official ...

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