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MoF unveils ‘eCloud’ for financial, HR systems of federal entities

DUBAI / WAM The Ministry of Finance (MoF), launched its new eCloud service technology for the financial and human resources (HR), systems of federal entities, in collaboration with the Federal Authority of Human Resources (FAHR), and Oracle International, during its participation in GITEX Technology Week 2017. The new technology will provide a secure IT infrastructure with minimal intervention from operators ...

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DLD displays Mideast’s largest flip-dot screen

DUBAI / Emirates Business Dubai Land Department (DLD) in cooperation with Pixonal, a leading innovation design firm, is showcasing the largest flip-dot screen to ever be constructed in the Middle East at GITEX Technology Week. The six by two meter screen is set to showcase DLD’s latest news which includes live real-estate transactions and project progress updates. DLD recently announced ...

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Trump demands wall funds for DACA, draws democrats’ rebuke

Bloomberg President Donald Trump demanded that Congress deliver funding for his border wall and make dramatic changes to immigration policy in exchange for letting young people brought illegally to the US as children stay in the country. The administration’s proposal, outlined in a briefing by US officials and sent to lawmakers night, was swiftly rejected by top Democrats in Congress, ...

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Mystery over weak Indonesia spending stumps policy makers

Bloomberg Almost 4 million new jobs, rising wages and eight interest-rate cuts in Indonesia should have been enough to spur consumers into action in the world’s fourth most populous nation. Instead, an increasing number of people are keeping a tight grip on their purse strings and putting their money in the bank, leaving policy makers and economists perplexed. “All the ...

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Farms to factories, India faces a drop in demand

Bloomberg Consumption was India’s big story. Its 1.3 billion population was expected to guzzle everything from iron to iPhones, driving global growth and cheering investors such as Apple Inc. and Goldman Sachs Group Inc. For a while everything seemed smooth. Indians were the world’s most confident consumers and the $2 trillion economy was the fastest-growing big market. Then, last November, ...

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‘Brexit mustn’t shut door on unskilled EU workers’

Bloomberg ­­­­­­­­­­­­­­­ Christmas shopping may get more hectic and crops might go unharvested unless the UK government ensures access to unskilled migrant labour after the UK leaves the European Union, the British Retail Consortium (BRC) warned. The government must make it easy for workers from the EU currently living in the UK to secure settled status and establish an immigration ...

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GE’s Flannery signals sweeping makeover

Bloomberg General Electric Co.’s new boss has barely uttered a word in public during his first two months on the job. But he’s already sending signals that his tenure could bring one of the most sweeping makeovers in the company’s 125-year history. Chief Executive Officer John Flannery is seeking deep cost reductions, weighing portfolio changes and reshaping management from top ...

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Donald Trump pours millions into money-losing Scottish golf course

Bloomberg From the 300-plus crystal chandeliers to the gold-plated taps in the bathrooms, Donald Trump has transformed a hotel overlooking one of the world’s most legendary golf courses into an eponymous glittering palace. Members gathering for their tee times say they love many of the changes at the Trump Turnberry resort in Scotland, but they doubt the president will ever ...

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Hamdan opens GITEX Technology Week 2017

DUBAI / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai, on Sunday inaugurated GITEX, the region’s most prominent technology event, which started on Sunday and runs until October 12 at Dubai World Trade Centre (DWTC) More than 4,000 companies from 71 countries around the world ...

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Abdullah, Japanese minister discuss ways to bolster ties

Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, received Hiroshige Seko, Japanese Minister of Economy, Trade and Industry, in Abu Dhabi on Sunday to discuss methods of boosting strategic bilateral ties in political, investment, economic and trade sectors. Sheikh Abdullah and the Japanese minister also exchanged views on the ...

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