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Rak Properties Julphar Residence to open in 2018

  Ras Al Khaimah / Emirates Business RAK Properties PJSC, Ras Al Khaimah’s biggest property developer listed on the Abu Dhabi Stock Exchange, revealed that its Julphar Residence property – the developer’s 24-floor residential tower on Abu Dhabi’s Al Reem Island – will be completed in Q4 2018. Speaking during this week’s Cityscape Global 2016 — the Middle East’s leading ...

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Hamdan takes stock of Dubai Future Foundation projects

  Dubai / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Board of Trustees at Dubai Future Foundation, re-affirmed the words of Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, who said that “the future is to be turned into reality today, ...

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China under pressure at Asia summit over sea dispute

  Beirut / AFP Beijing came under pressure at an Asian summit on Wednesday over its “illegal” island-building in the South China Sea, after the Philippines produced photos it said showed fresh construction activity at a flashpoint shoal. Any artificial island at Scarborough Shoal could be a game-changer in China’s quest to control the South China Sea and raises the risk ...

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As Obama caps Asia pivot, Thailand ‘a missing piece’

  Vientiane / AFP President Barack Obama attends a farewell dinner with Southeast Asian leaders on Wednesday, capping eight years of careful courtship that has created new friends, but left links frayed with America’s oldest regional ally—Thailand. When Obama looks around the gala dinner table in Vientiane, he will find a bevy of new partners. His engagement with former Communist foes ...

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Dubai Property Show to return to Mumbai

  Dubai / Emirates Business Geared by the successful Mumbai exhibition last year that raked in approximately AED 400 million into Dubai real estate and attracted almost 6000 visitors, Dubai Property Show is all set to return to the Indian metropolis this year in December. The realty expo is being organised by Sumansa Exhibitions in partnership with Dubai Land Department. ...

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Ajman gears up to welcome Eid visitors

  Ajman /Emirates Business Hotels and hotel apartments in Ajman are all set to welcome visitors to the emirate during the Eid Al Adha holiday. Majority of the establishments have reported 80% occupancy but expecting to reach full occupancy this week from last-minute bookings after the announcement that the public sector would enjoy a week-long Eid holiday and three days ...

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Danaher strikes $4bn Cepheid deal

  Reuters Danaher Corp said it would buy medical diagnostics company Cepheid in a deal valued at $4 billion, including debt, that will strengthen its presence in molecular diagnostics. Danaher, which develops technology for the dental, life sciences, diagnostics and environmental industries, spun off its industrial division in July to focus on science and technology. Piper Jaffray analysts said the ...

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Hammond seeks to keep UK a ‘great place’ for banks post-Brexit

  Bloomberg UK Chancellor of the Exchequer Philip Hammond said he understands the risks posed to Britain’s financial industry by the vote to leave the European Union and the importance of limiting the fallout on banks. ”It is important Britain maintains its status as a great place for financial services,” Hammond said in a statement. “The government stands ready to ...

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Australia economy grows at fastest pace in four years

  Bloomberg Australia’s economy expanded at the fastest annual pace in four years, driven by a surge in public investment to build roads and railways and continued strength in resource exports. Gross domestic product rose 0.5% in the second quarter from the previous three months, when it grew by a downward revised 1%; economists estimated 0.6% gain. The economy expanded ...

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Malaysia palm oil reserves at 5-year low as demand goes up

  Bloomberg Palm oil inventories in Malaysia probably fell to the lowest since 2011 as demand for the vegetable oil used in everything from instant noodles to detergents surged in countries including India and China. Inventories fell 7.9 percent to 1.63 million metric tons in August from a month earlier, the lowest since March 2011, according to the median of ...

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