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  Bloomberg Kirin Holdings Co. snapped four days of losses after reporting first-half operating profit beat its own forecast by 25 percent. Operating profit rose 1.5 percent to 58.8 billion yen ($581 million) for the six months ended June from a year earlier on increased sales of soft drinks domestically and growth in its pharmaceuticals and bio-chemicals operations, the Tokyo-based ...

Beirut / AFP Syrian regime forces were on the defensive around Aleppo on Sunday after a rebel alliance said it inflicted a major setback by breaking a three-week government siege of the battered city. A coalition of rebels and fighters surged through regime territory on Saturday to open a new route into Aleppo’s besieged eastern neighbourhoods, home to an estimated ...

  Istanbul / AFP Hundreds of thousands of people gathered in Istanbul on Sunday for a pro-democracy rally organised by the ruling party, bringing to an end three weeks of demonstrations in support of President Recep Tayyip Erdogan after last month’s failed coup. Followers of Erdogan’s Justice and Development Party (AKP) have taken to the streets every night since the ...

  Bloomberg Apple Inc. acquired artificial intelligence startup Turi Inc. for about $200 million, according to people familiar with the situation, in the latest deal by the iPhone maker to accumulate advanced computing capabilities for its products and services. Turi helps developers create and manage software and services that use a form of AI called machine learning. It also has ...

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, commended the infrastructure projects being implemented by RTA Dubai as part of its 2030 strategy, in line with the Dubai Strategic Comprehensive Plan 2021, to achieve sustainable development. While visiting the RTA’s head-office in Umm Al Ramol ...

  Bloomberg State-run NTPC Ltd., India’s biggest power producer, is seeking to terminate a long-term supply contract for imported natural gas as it says the fuel is too expensive to be used in power generation, according to people with knowledge of the situation. The New Delhi-based electricity generator has written to state-run GAIL India Ltd., which supplies the fuel sourced ...

  Bloomberg Duke Energy Corp. has invited Canada’s Brookfield Asset Management Inc. and French utility Engie SA to submit binding bids for its Latin American power assets, people with knowledge of the matter said. State-owned electricity generator China Three Gorges Corp. was also chosen to proceed to the next round, according to the people, who asked not to be identified ...

  Dubai / WAM The 18th Water, Energy, Technology, and Environment Exhibition (WETEX 2016), organised will showcase the ‘Dubai Green Zone’ project to encourage established and start-up companies, to set up their presence in the emirate and provide them with an ideal business environment to develop and market their green, sustainable technologies. WETEX 2016 is organised in line with directives from ...

  Dubai / Emirates Business Key sectors are providing a big boost for the Middle East’s professional audio visual and entertainment market, with the world’s leading suppliers of event technology and related equipment lining up to take part in the region’s specialist industry trade show in Dubai this year. Research gathered by Messe Frankfurt Middle East, the organiser of Prolight ...

  Beirut / AFP Islamists and rebels captured strategic military positions on the edges of Syria’s second city Aleppo on Saturday, turning the tables on Russian-backed regime forces besieging the city. To the northeast, a Western-backed alliance of Arab and Kurdish fighters scored a major victory against the IS group in the town of Manbij after a fierce two-month battle. ...