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ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, a number of world leaders, dignitaries and senior officials on Sunday attended the final ...

Dubai / Emirates Business His Highness Sheikh Ahmed Bin Saeed Al Maktoum officially inaugurated Middle East’s largest construction event, The Big 5, and the co-located Big 5 Solar on Sunday. The President of the Dubai Civil Aviation Authority, CEO and Chairman of the Emirates Group also took a tour of the exhibition that covers the entire Dubai World Trade Centre ...

DUBAI / Emirates Business The Smart Dubai Office (SDO), has partnered with regional technology business solutions (TBS) provider Nearbuy to host a trial of the first ‘robot receptionist’ in the Middle East. Farah, which stands 1.50 metres tall, started work today at the Smart Dubai Office headquarters in the Dubai Design District. It features a touch-screen panel where visitors to ...

Abu Dhabi / WAM The Ministry of Foreign Affairs and International Cooperation (MoFAIC), has launched a two-year renewable energy training programme for Pacific Island countries financed by Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid. The training is being led by Masdar, Abu Dhabi’s renewable energy company. The capacity-building initiative falls within the framework of ...

Abu Dhabi / Emirates Business Etihad Airways, the national airline of the UAE, once again marked the start of the Formula 1 Etihad Airways Abu Dhabi Grand Prix with a low-level fly-past over Yas Marina Circuit. The fly-past has become synonymous with the race with the flagship A380 aircraft flying over the iconic circuit at approximately 4.50pm. The A380 was ...

Bloomberg State-run Steel Authority of India Ltd. is heading for a turnaround this year as the government orders belt-tightening and asset disposals at the loss-making 63-year-old mill. “This year we’re expecting some cash profit to come into SAIL,” Aruna Sharma, secretary at the steel ministry, said in an interview in New Delhi. The ministry has directed the company to better ...

Bloomberg China is making another attempt at keeping Shanghai at the cutting edge of economic reforms after its latest try in 2013 floundered. The State Council, the nation’s cabinet, will soon unveil plans for a “free-trade port” in the world’s biggest shipping hub, according to Chen Bo, an adviser on the proposal who researches free trade zones at the Huazhong ...

Bloomberg China’s new plan to slash import taxes on a wide range of consumer goods promises to boost the prospects of multinationals in the Chinese market, with everything from the likes of Procter & Gamble Co.’s diapers to other items becoming more affordable to local consumers. Tariffs for 187 product categories will drop from an average 17.3 percent to 7.7 ...

Bloomberg A high-stakes legal clash is unfolding over President Trump’s temporary pick to run Elizabeth Warren’s favourite bank regulator, and the White House is holding its ground. Trump said he’s naming White House budget director Mick Mulvaney to be the temporary head of the Consumer Financial Protection Bureau (CFPB). The announcement came hours after outgoing CFPB Director Richard Cordray said ...

Bloomberg Elon Musk knows how to make promises. Even by his own standards, the promises made while introducing two new Tesla vehicles—the heavy-duty Semi Truck and the speedy Roadster—are monuments of envelope pushing. To deliver, according to close observers of battery technology, Tesla would have to far exceed what is currently thought possible. Take the Tesla Semi: Musk vowed it ...