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Abu Dhabi / WAM Abu Dhabi is targeting a 5 percent growth in cruise tourism over the coming season, with 350,000 passengers set to visit the emirate in 2017-2018, Sultan Al Dhaheri, Acting Executive Director, Tourism Sector, at the Abu Dhabi Tourism and Culture Authority (ADTCA), told Emirates News Agency (WAM). The UAE capital is on a tourism drive at ...

DUBAI / Emirates Business Emirates on Monday confirmed that its first two Boeing 777-300ER aircraft fitted with its soon-to-launch First Class product will operate from Dubai to the airline’s Belgian and Swiss destinations starting from December 1. Emirates’ new First Class cabin will feature six private suites laid out in a 1-1-1 layout, compared to the eight private suites in ...

Bloomberg NetEase Inc., China’s second-largest video game publisher, is deepening a push into e-commerce with plans to increase spending on products from the US, Europe and Japan to sell to local consumers. The company’s Kaola e-commerce business will buy about $11 billion of inventory over the next three years from the US, Europe and Japan to woo customers with everything ...

Bloomberg Lenders to embattled Reliance Communications Ltd. have bought themselves some time in taking provisions on $7 billion of debt, but still face an uphill struggle in turning around the phone company. Last week, the carrier currently controlled by billionaire Anil Ambani proposed banks convert about 15 percent of the loans owed to them into a 51 percent stake, a ...

Bloomberg Altice USA struck a deal with Sprint Corp. that will allow the cable operator to sell wireless service using Sprint’s network. As part of the agreement, Sprint will use Altice’s broadband infrastructure to strengthen its nationwide wireless network, according to a statement from both companies that didn’t disclose financial terms. Talks between Sprint’s majority owner, SoftBank Group Corp, to ...

Bloomberg Euro-area companies struggling to keep up with booming orders are expanding their ranks at the fastest pace in more than ten years. With a Purchasing Managers’ Index indicating strong momentum at the start of the fourth quarter, the 19-nation economy is on course for growth of as much as 0.7 percent, IHS Markit said on Monday. A gauge for ...

Bloomberg European investment banks are back in the hiring game, raising the stakes for compensation on both sides of the Atlantic. Firms including Barclays Plc and Deutsche Bank AG have been seeking to regain trading share by poaching personnel from American rivals, according to recruiters. For traders and salespeople who haven’t seen raises in years, the move can be profitable: ...

Bloomberg President Donald Trump urged Prime Minister Shinzo Abe to purchase US military equipment to create jobs in America after telling business leaders that Japan had an unfair advantage on trade. In a joint press briefing with Abe in Tokyo on Monday, Trump hailed the US-Japan alliance even as he called for a reduction in the trade gap between the ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Sunday, received Alexander Lukashenko, President of the Republic of Belarus, who is currently on an official visit to the country. After welcoming President Lukashenko, the two sides discussed relations of cooperation and friendship ...

Dubai / WAM Under the patronage of HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance and President of the Dubai Health Authority, Humaid Mohammed Obaid Al Qatami, Chairman of the Board and Director General of the Dubai Health Authority (DHA), inaugurated the second edition of the Annual Radiology Meeting in the UAE (ARM), at ...