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MEE 2018 kicks off in Dubai amid region’s soaring power demand

DUBAI / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority, Chief Executive of Emirates Group, Chairman of the Dubai Supreme Fiscal Committee and Chairman of the Dubai Supreme Council of Energy, on Tuesday officially inaugurated the industry-shaping Middle East Electricity (MEE, 2018). Hosted by the UAE Ministry of Energy, and under the patronage ...

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International environment conference opens in Ajman

AJMAN / WAM HH Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, inaugurated the 5th Ajman International Environment Conference (AIEC, 2018), themed ‘Climate Change and Sustainability’. Organised by the Department of Municipality and Planning, the two-day conference is being held under the patronage of HH Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman ...

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NMC unveils a host of new regulations for electronic media

Abu Dhabi / WAM The National Media Council (NMC), unveiled a set of regulations for electronic media, which govern all online activities, including e-commerce; publishing and selling of print, video, and audio material; as well as advertising. The new guidelines apply to news websites, electronic publishing outlets, and on-demand printing, including commercial activities conducted through social media within the UAE. ...

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China attempts to pull off unusual fiscal feat amid slowing economy

Bloomberg China is attempting to pull off an unusual fiscal feat: Cut taxes, boost spending and shrink the deficit, all with a slowing economy. Premier Li Keqiang announced the first budget deficit goal reduction since 2012, to 2.6 percent of gross domestic product from 3 percent. He also pledged tax cuts of 800 billion yuan ($126 billion) for companies and ...

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Toyota to drop diesel cars this year in Europe

Bloomberg Toyota Motor Corp. announced plans to drop diesel models from its European portfolio this year even as Volkswagen, which sparked the fury over the technology, predicts a rebound. The diverging views of the world’s two largest automakers reflects the uncertainty over the future of diesel, which has faced a steady drumbeat of bad news since Volkswagen’s cheating scandal erupted ...

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EU raises stakes for Trump with tariffs targeting GOP heartland

Bloomberg The European Union is preparing punitive tariffs on iconic US brands produced in key Republican constituencies, raising political pressure on President Donald Trump to ditch his plans for taxing steel and aluminum imports. Targeting 2.8 billion euros ($3.5 billion) of American goods, the EU aims to apply a 25 percent tit-for-tat levy on a range of consumer, agricultural and ...

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Chinese EV battery giant zeroes in on its first Europe plant

Bloomberg The Chinese supplier of electric-vehicle batteries that’s planning a local factory with enough capacity to surpass the output of Tesla Inc. has set its sights further: Europe. Contemporary Amperex Technology Ltd. is close to picking one of three sites in the European Union for its first overseas plant, Chairman Zeng Yuqun said in an interview. The company is exploring ...

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VisitBritain, tajawal partner to promote UK tourism

DUBAI / Emirates Business VisitBritain, the national tourism board for Britain, has partnered with Middle Eastern online travel platform tajawal on a joint marketing campaign targeting customers in the United Arab Emirates, Saudi Arabia and Kuwait market. The marketing campaign will feature a video series and is part of VisitBritain’s global campaign, “I Travel For…” which launched earlier this month, ...

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N Korea open to denuclearise if regime safety guaranteed

Bloomberg North Korea is willing to give up its nuclear weapons if the safety of Kim Jong Un’s regime is guaranteed, South Korea said, boosting pressure on the US to agree to peace talks. Kim will meet South Korean President Moon Jae-in for a summit along their shared border at the end of April, the statement said, adding that North ...

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Mohammed: Offering opportunities to innovators among our top priorities

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Monday visited Bluewaters Island, the new man-made island developed by Meraas off the coast of the Jumeirah Beach Residence opposite to The Beach. His Highness reviewed the progress of the AED 6 billion Bluewaters project, which includes residential, ...

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