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Consumers say now is the right time to buy property

  DUBAI / Emirates Business Consumers in the UAE appear to agree with the current real estate market sentiment that now is good time to buy property, according to statistics from compareit4me.com, the Middle East’s leading finance comparison site. Using data from its mortgage comparison platform, compareit4me can reveal that there was an 119.5% increase in the number of people ...

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Over two-thirds of young Gulf nationals look to govt jobs

  Dubai / Emirates Business More than two-thirds of young national Arabs in the Gulf states still hope to land jobs with government, despite initiatives to encourage them to seek out careers in the private sector. This new finding from the eighth annual ASDA’A Burson-Marsteller Arab Youth Survey was unveiled by Sunil John, the CEO of ASDA’A Burson Marsteller, at ...

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Hamdan launches ‘My Salaam’ mobile app and portal in Dubai

  Dubai / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum Crown Prince of Dubai and General Supervisor of Dubai Islamic Economy Development Centre (DIEDC), on Tuesday launched the ‘My Salaam’ portal and mobile app in Dubai on the sidelines of the Global Islamic Economy Summit (GIES) 2016. In a bid to further digitise the dynamic sectors spanning the ...

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UAE, Antigua and Barbuda to bolster economic cooperation

  Dubai / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, received Gaston Browne, the visiting Prime Minister of Antigua and Barbuda, and his accompanying delegation. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy ...

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Samsung halts production, global sales of Note 7

  Seoul / AFP Samsung on Tuesday suspended all production of its Galaxy Note 7 smartphone, halted sales worldwide and told customers to stop using the device, following reports that replacements for combustible models were also catching fire. The South Korean company’s latest efforts to contain a snowballing recall crisis that threatens to derail the powerhouse global brand came as ...

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Jera to buy EDF Trading’s coal business

  Bloomberg Jera Co., a venture between two of Japan’s biggest power utilities, agreed to acquire EDF Trading Ltd.’s coal-trading business as part of a push to lower fuel costs and expand its overseas business. The Tokyo Electric Power Co. Holdings Inc. and Chubu Electric Power Co. venture signed a non-binding agreement to buy all of EDF Trading Australia Pty, ...

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1.4mn need aid in Haiti after Matthew havoc

  Port-au-Prince / AFP Haiti faces a humanitarian crisis that requires a ‘massive response’ from the international community, the United Nations chief said, with at least 1.4 million people needing emergency aid following last week’s battering by Hurricane Matthew. The storm left at least 372 dead in the impoverished Caribbean nation, with the toll likely to rise sharply as rescue ...

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UK risks losing billions in EU investment funding over Brexit

  Bloomberg Britain risks losing access to the European Union’s development bank when it leaves the bloc, adding to the economic harm caused by Brexit, according to Werner Hoyer, the bank’s president. The European Investment Bank lent Britain a record 7.8 billion euros ($8.7 billion) in 2015, part of a U.K. loan book of almost 50 billion euros. Projects funded ...

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Driverless cars rolled out on British streets

  Milton Keynes / AFP Driverless vehicles carrying passengers took to Britain’s streets for the first time on Tuesday in a landmark trial which could pave the way for their introduction across the country. The compact two-seater cars trundled along a pedestrianised zone in Milton Keynes, north of London, in a trial by Transport Systems Catapult (TSC) which plans to ...

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Russian jets resume heavy bombing on Syria’s Aleppo

  Aleppo / AFP Regime ally Russia carried out its heaviest strikes in days on Syria’s Aleppo on Tuesday, as at least five children were killed in rebel fire on a school in the war-torn country’s south. The raids in Aleppo killed at least 12 civilians, a monitor said, and caused massive damage in several residential areas of the city’s ...

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