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DUBAI / Emirates Business The World Government Summit Organisation (WGSO) held a session titled ‘Future Trends and How to Forecast Them’ to discuss global progress in the field of forecasting the future and developing solutions for the challenges that are expected to face decision makers in the public and private sectors. The session seeks to support governments’ efforts to forecast ...

Dubai / Emirates Business Neopharma, one of UAE’s leading pharmaceutical manufacturing company invested a total of AED100 million in a state-of-the-art Japanese factory, AED265 million in the acquisition of patents and licenses and an additional investment in clinical studies amounting to AED515 million. The factory in Japan will manufacture supplements for patients in the pre-diabetic stage and also Type II ...

Bloomberg China will carry out a nationwide poll next month to test the public’s acceptance of genetically-modified food, a technology the government says would boost yields and sustainable agriculture in a country that’s seen consumption soar. Beijing’s prestigious Tsinghua University and two other Chinese colleges will carry out the survey, said Jin Jianbin, a professor at Tsinghua’s School of Journalism ...

Bloomberg India’s stock market boom is fanning out to the country’s hinterland. Flows into mutual funds from towns outside India’s 15 biggest cities surged 41 percent to a record 3.1 trillion rupees ($48 billion) at the end of March, according to the latest data from the Association of Mutual Funds in India. And half of this money flowed into equity ...

Bloomberg Prime Minister Narendra Modi’s government is set to dramatically reshape Asia’s third-largest economy with the biggest tax reform since independence in 1947. After finding common ground among India’s 29 states, the finance ministry released detailed rates for the incoming goods and services tax, slotting more than 1,200 items — from sugar to steel pipes and motorcycles — into five ...

Bloomberg Japanese exports expanded for a fifth consecutive month in April, with shipments to China surging as global demand continued to support the nation’s economic recovery. Exports rose 7.5 percent from a year earlier (median estimate +8.0 percent), according to data released by the Ministry of Finance. Imports jumped 15.1 percent (median estimate +14.8 percent). The trade surplus was 481.7 ...

Bloomberg General Electric Co. is the latest US company to be investigated by European Union for possibly turning in misleading information during a merger review, according to two people familiar with the GE case. The European Commission is reviewing whether GE misled EU officials examining a deal to buy LM Wind Power, a maker of wind-turbine blades, for 1.5 billion ...

Bloomberg European Union ministers finalized their Brexit negotiating position a day after the UK threatened to quit talks on its departure unless the bloc drops its demands for a divorce payment as high as 100 billion euros ($112 billion). Governments of 27 remaining nations approved their mandate for EU’s chief negotiator Michel Barnier at a two-hour meeting in Brussels. The ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, said that the UAE is moving forward in building a universal model to achieve innovative ideas to serve humanity, and that the UAE’s Centennial Vision 2071 originated from the historic lecture delivered by His Highness Sheikh Mohamed bin Zayed ...

RIYADH / WAM The GCC-US Summit began on Sunday in Riyadh, Saudi Arabia, with the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of Saudi Arabia, welcoming GCC leaders and US President Donald Trump. His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, ...