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Dubai / Emirates Business The GCC food services sector is headed for further growth with key indicators such as a growing population and tourism sector, disposable income, and changing dietary habits continuing to shore up demand for food and dining options despite sluggish economic conditions. According to a report by Al Masah Capital Limited, the GCC foodservice market is now ...

DUBAI / Emirates Business The Dubai Chamber of Commerce and Industry (DCCI) concluded a delegation visit to Panama with the signing of a memorandum of understanding (MoU) with the Panamanian Chamber of Commerce, Industry, and Agriculture. The strategic agreement aims to boost bilateral trade and investment and build bridges between business communities on both sides. The MoU signing came during ...

Bloomberg As India’s Tata Consultancy Services Ltd. is squeezed by the Trump administration to reduce the use of overseas workers for US jobs, the information technology outsourcing giant is also fighting claims in court that its hiring practices are anti-American. TCS, Asia’s largest software maker, and Infosys Ltd., a rival Indian outsourcing firm, are both embroiled in civil rights lawsuits ...

Bloomberg Ola scored $2 billion in new funding from a group of investors including SoftBank Group Corp. and Tencent Holdings Ltd., a person familiar with the matter said, helping bankroll Uber Technologies Inc.’s fiercest rival in India. Other backers in the ride-hailing startup’s latest financing round included a venture capital fund jointly run by Indian industrialist Ratan Tata and the ...

­­­­­­­­­­­Bloomberg Facebook Inc. outlined plans to strengthen its advertisement systems and disclosed that about 10 million people saw ads linked to Russian efforts to influence the 2016 US presidential election. The social media giant said it will add more than 1,000 people to review the ads that run on its platforms. Additionally, the company said it provided information on about ...

Bloomberg Tesla Inc. struggled to produce its cheapest model shortly after the car debuted, setting back Chief Executive Officer Elon Musk’s mission to reach mainstream consumers. The automaker built only 260 Model 3s during the quarter ended in September, less than a fifth of its 1,500-unit forecast. Output of the sedan that starts at $35,000–roughly half the cost of the ...

Bloomberg Investors focused on social issues are finding that trickle-down diversity doesn’t work. For years, they surmised that having enough women on boards and in senior management would produce fairer policies. Now investors are changing tactics, saying it’s not enough and that employers also need to implement gender-pay equity and paid-leave policies that attract and retain women. Zevin Asset Management, ...

Bloomberg Top European Union officials teamed up to send UK Prime Minister Theresa May a blunt message: Do more to flesh out Britain’s Brexit positions or put off trade talks for even longer. European Commission President Jean-Claude Juncker and the EU’s chief Brexit negotiator, Michel Barnier, used a hearing in the European Parliament in Strasbourg, France, on Tuesday to all ...

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 Monday received, in Qasr Al Bahr, Jawaher Saif Al Kumaiti, to honour her humanitarian actions and her bravery, heroism and quick thinking, which saved the life of an Asian driver. The driver was ...

Dubai / WAM As the United Arab Emirates (UAE) takes significant strides towards embracing Artificial Intelligence (AI) technologies and further developing a knowledge-based economy, businesses must seize the opportunity and architect for disruption instead of becoming victims to it, a senior executive has said. AI investments in the UAE have recorded over 70 percent increase over the past three years, ...