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Abu Dhabi / WAM Up to 6,303 factories have been running investments worth more than AED103.1 billion in the UAE until the end of 2016, a top Ministry of Economy official told Emirates News Agency (WAM). “The food and beverage industry accounts for 30 percent of the total volume of the country’s industrial sector followed by the primary mineral industries ...

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, received the engineers who are working on various projects to develop the UAE’s educational facilities. HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation and Chairman of the Education ...

Dubai / WAM The Federal Tax Authority (FTA), joined the e-Dirham system – a fully integrated electronic payment and revenue collection developed in partnership with First Abu Dhabi Bank- in a move that further strengthens the reach of the country’s official smart payment system. A document towards this effect has been signed on the sidelines of the now-running GITEX Technology ...

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX), showcased its latest innovative digital services and applications during GITEX Technology Week 2017. The applications, which include the Investors App, Smart Watch App, and My ADX, are accessible through the Apple and Google Play stores and can be used on either smartphones, tablet computers or smart watches. Speaking on the occasion, ...

Bloomberg Steel demand in India is gathering speed amid an infrastructure building boom that’s set to more than double capacity of the nation’s mills, according to the government. “We’re expecting domestic consumption to accelerate in the decade between 2020-2030,” Steel Secretary Aruna Sharma said in New Delhi. Annual capacity stands at 126 million metric tons and is forecast to rise ...

Bloomberg Alibaba Group Holding Ltd. will more than double research and development spending to $15 billion over the next three years to develop next-generation technology, drive its sprawling business and explore moonshot projects that could upend industries. The e-commerce giant plans to set up seven research labs and hire 100 scientists around the world to delve into artificial intelligence, the ...

Bloomberg ­­­­­­­­­­­­­­­ Just over a month after Amazon.com Inc. ate Whole Foods, the shakeout in the American grocery aisle keeps getting uglier. The latest sign of trouble: Private-equity giant Apollo Global Management recently tossed a $50 million lifeline to Fresh Market, the struggling high-end chain it took private only 17 months ago. It will only get worse from here, analysts ...

Bloomberg If the UK can’t guarantee European citizens now working there that their lives will be unaffected by Brexit, then those people should look for jobs in Denmark. The Confederation of Danish Industry, which represents about 10,000 corporations, says now is the time to try to attract that demographic to the Scandinavian country and help deal with a severe labour ...

Bloomberg Shortly after taking over Uber Technologies Inc. in September, Dara Khosrowshahi told employees to brace for a painful six months. US officials are looking into possible bribes, illicit software, questionable pricing schemes and theft of a competitor’s intellectual property. The very attributes that, for years, set the company on a rocket-ship trajectory—a tendency to ignore rules, to compete with ...

Bloomberg The US ambassador to Turkey said that Secretary of State Rex Tillerson is engaged in talks to try and resolve a major diplomatic break between the two NATO allies, sparking a rally in the Turkish lira even as the envoy said he couldn’t predict the outcome of those efforts. Speaking to reporters at his residence in Ankara, Ambassador John ...