VP receives credentials of new envoys

Abu Dhabi / WAM Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has received the credentials of new ambassadors of fraternal and friendly countries, at Mushrif Palace in Abu Dhabi. Present were H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, H.H. Lt. General Sheikh Saif bin ...

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SEDD starts estimated fee calculating service

Aubai / WAM The Sharjah Economic Development Department (SEDD) has launched an estimated fee calculating service for releasing new and old licenses as confirmation of its continuity in developing e-services and to support the rapid shift toward smart government by adopting the latest technologies for the services and facilitates provided to investors in Sharjah. The Department, through such smart applications, ...

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UAE sits at axis of re-balancing of global trade flows: Dr. Sultan

Abu Dhabi / WAM Dr. Sultan bin Ahmed Sultan Al Jaber, Minister of State and Chairman of the Board of the National Media Council, has said that recent visits to India and China by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, show how fast global ...

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Dubai Exports gears up for major role as non-oil economy takes centre stage

Construction material, food & beverage, cables, metal structures, packaging, plastics and textiles were the focus sectors for Dubai Exports in 2015 as the agency sought to connect local exporters to buyers in strategic hubs and emerging markets across various forums overseas. Exporters from various sectors such as water & carbonated soft drinks, perfumes & cosmetics, multi food & consumer products, ...

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‘Brexit’ pain for Europe gives Cameron edge in crucial week

Bloomberg Prime Minister David Cameron enters the final week of negotiations over Britain’s future in the European Union with a message for his continental counterparts: “Brexit” would hurt you too. The argument that the 28-nation bloc would be weaker without its second-biggest economy gives Cameron leverage as he closes in on a deal to reset the UK’s terms of membership ...

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UK to ban boycotts on Israeli goods

London / AFP British town halls and publicly funded universities face “severe penalties” if they institute boycotts of “unethical” companies or Israeli goods under controversial new rules to be outlined by the government this week. “Locally imposed boycotts can roll back integration as well as hinder Britain’s export trade and harm international relationship,” the Cabinet Office said in a statement ...

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Russian diamond sales to grow amid deficit

Bloomberg Russia’s state minerals store plans to greatly boost diamond sales amid a widening budget deficit, adding to concerns that supply is rising too fast in an industry still reeling from the biggest rout in seven years. The government depository known as Gokhran plans an auction on Feb. 29 to sell 16,799 carats and another on March 10 for as ...

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Putin’s Syria peace gambit seeks to benefit from air war gains

Bloomberg Vladimir Putin is trying to cash in the gains of the biggest military wager of his career. Russian forces have helped Putin’s Syrian ally Bashar Al Assad drive back rebel forces after five years of fighting. The momentum clearly established, the Kremlin gave the green light to an agreement with the US and other powers on a partial cease-fire ...

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Turkish assets buck global rally as violence flares on border

Bloomberg Turkish stocks declined the most in the world and the lira slid after an eruption of violence on the border with Syria triggered concern security risks were escalating. The Borsa Istanbul 100 Index fell 1.5 percent, the most among more than 90 gauges tracked globally by Bloomberg. The currency had the biggest decline in a week as Turkish artillery ...

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Japan economy shrinks in Q4 serving blow to ‘Abenomics’

Tokyo / AFP Japan’s economy contracted in the last quarter of 2015, official data showed on Monday, dealing another blow to Prime Minister Shinzo Abe’s faltering bid to boost growth. The figures will fan talk of fresh Bank of Japan measures, after policymakers shocked markets last month with an unprecedented negative interest rate policy—widely seen as a desperate move to ...

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