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  RITIKA SHARMA / Emirates Business When a recent international report rated Abu Dhabi as 73rd best business tourism destination, a rank up by 35 places from last year, the UAE hospitality industry was the first one to rejoice. Not only does this rank affirm UAE’s position as a top business tourism hub, it also reflects the strong revenues that ...

  Abu Dhabi / Emirates Business Abu Dhabi Ports, the master developer, operator and manager of ports and Khalifa Industrial Zone (Kizad) in the Emirate, has announced the launch of the second phase of Kizad Logistics Park (KLP) — Non Free Zone warehousing. KLP has high-quality warehouses in Kizad’s logistics cluster and is set to become one of the leading ...

  Bloomberg Greek Prime Minister Alexis Tsipras braces for yet another vote on additional austerity measures, as European creditors remain at loggerheads with the International Monetary Fund about how much debt relief the country will get for its pain. Lawmakers in Athens were scheduled to vote Sunday night on an omnibus bill that includes measures ranging from the taxation of ...

  San Juan, Puerto Rico / AP Holders of bonds from Puerto Rico’s Government Development Bank are suing to challenge aspects of a debt-moratorium law that island officials say is crucial to maintaining essential services as the U.S. territory struggles under a nearly $70 billion debt load. The amended federal lawsuit filed late Friday in the U.S. District Court in San ...

  Bloomberg The electric-car revolution is here and Chile is looking to ramp up production of the lithium the industry needs for batteries. Or it would be, but for a bitter dispute between the government and the former son-in-law of a military dictator. After Chile’s government moved to withdraw its license to exploit one of the world’s largest deposits, Soc. ...

  Abu Dhabi / WAM An official delegation from the UAE has successfully participated at the 8th Kazan International Economic Summit between the Russian Federation and member countries of the Organisation of Islamic Cooperation (OIC) from May 19-21, in Kazan, the capital of Russia’s Tatarstan Republic. The delegation was headed by Abdullah bin Ahmed Al Saleh, Under-Secretary of the Ministry of ...

  HONG KONG / WAM A high-profile UAE trade delegation, led by Sultan bin Saeed Al Mansouri, Minister of Economy, concluded a two-day visit to Hong Kong, where they participated in a major summit and held meetings with key figures in the Hong Kong financial sector. The visit was part of the government’s efforts to usher in a new era ...

  AKIU / AP The Group of Seven major economies showed a united front on fighting terrorist financing and tax evasion, but shied away from coordinated action on policies to revive stalling growth. An “action plan” issued after the talks by G7 finance ministers and central bank governors at a hot springs hotel in northern Japan called for increased exchanges ...

  SYDNEY / AP Britain’s possible exit from the European Union took centre stage at a G7 meeting in Japan on Saturday, as UK finance minister George Osborne warned a ‘Brexit’ could doom trade deals with EU countries. The comments came during two days of talks largely focused on how the club of rich nations can stoke the lumbering world ...

  Istanbul / AFP Global leaders and key NGOs gather in Istanbul on Monday for an unprecedented UN-backed summit aimed at transforming the world’s response to humanitarian crises, despite scepticism the talks will have little impact. With an estimated 60 million people displaced around the world and conflict and climate change posing a growing risk, there is widespread agreement among ...