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ADNEC gears up to organise ADSW 2018 from Jan 13-20

Abu Dhabi / Emirates Business Abu Dhabi National Exhibitions Company (ADNEC) is finalising preparations to host Abu Dhabi Sustainability Week (ADSW) 2018 and its co-located events including World Future Energy Summit (WFES), International Water Summit (IWS), Zayed Future Energy Prize award ceremony, the eighth session of International Renewable Energy Agency (IRENA) Assembly, and the EcoWASTE exhibition. Held under the patronage ...

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Emirates Engineering receives ISO certification

Dubai / Emirates Business The calibration laboratory at Emirates Engineering has received the internationally recognised ISO 17025 accreditation making it one of the first players in aviation indu- -stry in region to achieve thisbenchmark and the first to obtain accreditation in electrical calibration. The certification was delivered by the Dubai Accreditation Department of Dubai Municipality. “Quality and accuracy are of ...

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US delays $125mn payment for Palestinians after Trump tweet

Bloomberg The US has delayed paying about $125 million to the United Nations agency that serves Palestinian refugees, said two people familiar with the matter, after President Donald Trump vented his frustration about getting no “respect” or help in the peace process despite American funding. The US, by far the biggest contributor to the UN Relief and Works Agency (UNRWA) ...

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Google invests in Chinese game-streaming service

Bloomberg Alphabet Inc.’s Google has joined a funding round for a Chinese games-streaming service, making its second direct investment there since largely withdrawing from the country in 2010. The Mountain View, California company is joining a Series D investment round for Chushou, whose name translates into “Tentacle,” a Chinese mobile-centric game live-streaming platform with 90 million registered users. Existing backers ...

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Modi’s worst growth year puts pressure on budget to spur economy

Bloomberg India forecast its economy will expand at the slowest pace since Prime Minister Narendra Modi came to power in 2014, piling pressure on his government to jump start activity before a national vote early next year. Gross domestic product will grow 6.5 percent in the year through March, the Statistics Ministry said, compared with the Bloomberg consensus of 6.6 ...

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US sees ‘much work’ to revise South Korea free-trade pact

Bloomberg Officials from the US and South Korea said further talks were needed to revise their free-trade pact, a negotiation straining ties between the allies as they grapple with Kim Jong Un’s growing nuclear-weapons threat. The US presented proposals to improve auto exports and lift trade barriers during a meeting with South Korea counterparts in Washington, Trade Representative Robert Lighthizer ...

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HNA weighs sale of two office buildings in London’s Canary Wharf

Bloomberg HNA Group Co. has approached brokers about the possible sale of two office buildings in London’s Canary Wharf financial district as it seeks to shed assets and cut its debt burden, two people with knowledge of the discussions said. The Chinese conglomerate has sought advice from brokers on the value of 30 South Colonnade and 17 Columbus Courtyard with ...

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Spotify tempts investors with report of 70mn subscribers

Bloomberg Investors are finally getting a crack at the resurgent music business. Spotify, owner of the world’s largest paid music service, plans to begin trading on the New York Stock Exchange this quarter, passing up a traditional public offering for what’s called a direct listing. The debut will test whether investors are ready to buy into the music industry, which ...

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Abu Dhabi to house ‘The Founder’s Memorial’

Abu Dhabi / WAM A permanent tribute to the nation’s founding father, Sheikh Zayed bin Sultan Al Nahyan, has been named, ‘The Founder’s Memorial’ by Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. Set to be inaugurated in early 2018 to coincide with the Year of Zayed and ...

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Sharjah completes phase one of ‘Tabadol’ project

Sharjah / WAM After eight months of launching its data and information sharing platform, ‘Tabadol’ (exchange) to enhance communication and statistical gathering systems in the emirate, the Sharjah Department of Statistics and Community Development (DSCD), announced the successful completion of the project’s preparatory phase. The initiative was rolled out in collaboration with six local government departments to design an intelligent ...

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