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Dubai / Emirates Business During a visit to region’s biggest property event, DAMAC Properties Chairman, Hussain Sajwani, sees Dubai’s maturing property sector entering a new cycle of growth. DAMAC has significant presence at the 16th Cityscape Global 2017 with a 528 square meter stand. DAMAC’s first-half year sales performance, the continuing recovery of global economies through GDP growth indicators, as ...

Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, is extending an Abu Dhabi government grant worth AED18.4 million to the Maldivian government. The grant seeks to support the balance of payments in the Maldives, improve the overall economic situation in the country, and aid the Maldivian government in achieving its ...

Dubai / Emirates Business Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the Dubai Roads and Transport Authority (RTA) opened Materials Handling Middle East 2017 at the Dubai International Convention and Exhibition Centre (DICEC). The only comprehensive industry-spanning trade platform for the wider Middle East, Materials Handling Middle East 2017 got off to a busy ...

Bloomberg Japan will sell about 1.3 trillion yen ($12 billion) of shares in Japan Post Holdings Co., the country’s biggest public offering this century, as the government continues its privatisation of the postal and financial-services giant. The Ministry of Finance will sell 990.1 million shares in the holding company, including an overallotment, it said in a statement. That amounts to ...

Bloomberg Inflationary pressure emanating from the factory to the world is proving more resilient than economists have anticipated. China’s producer-price inflation accelerated to 6.3 percent in August from a year earlier, exceeding all but one of 38 estimates in Bloomberg’s survey of economists. That data released followed 5.5 percent readings in the prior three months and was unexpected for analysts, ...

Bloomberg What a difference a year makes for the European Union. Jean-Claude Juncker, president of the European Commission, will deliver the annual State of the Union speech this week in a more upbeat mood than a year ago, when the 28-nation bloc was buffeted by the UK’s decision to leave and anti-EU parties appeared to be on the march. In ...

Bloomberg Hurricane Irma weakened as it moved past Tampa, leaving in its wake at least 4.7 million without power and millions temporarily displaced. The center of the system was expected to weaken to a tropical storm this morning and a tropical depression by Tuesday afternoon, the National Hurricane center said in an advisory. A storm surge warning was discontinued for ...

Bloomberg Startups hoping to sell health tracking devices and software to corporate customers are worried European regulators will torpedo their business model. Employers should be banned from issuing workers with wearable fitness monitors, such as Fitbit, or other health tracking devices, even with the employees’ permission, a European Union advisory panel said in June. Employers should also be barred from ...

Bloomberg The US has watered down a proposal to punish North Korea for its sixth and most powerful nuclear test, omitting an oil embargo and a freeze of Kim Jong Un’s assets, according to a European diplomat. While the US, UK and France are united on the latest proposal, it’s unclear whether Russia and China — the other veto-holding members ...

ABU DHABI / WAM The UAE has secured significant strides in areas of Artificial Intelligence (AI), with the country’s investments growing by 70 percent over the past three years, and projected to hit AED33 billion by the end of this year, according to economic analysts. The figures drive home the fact that UAE is ready to embrace AI technologies, managing ...