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ABU DHABI / WAM The National Media Council (NMC), the regulatory body for the UAE’s dynamic media sector, announced the launch of the ‘Media Lab.’ Established to unify the efforts of media laboratories across the country, the facility forms part of the council’s strategic role in upgrading national media systems and is a tangible result of the UAE Government Annual ...

Dubai / Emirates Business Dubai Chamber of Commerce and Industry has revealed that the number of international delegations it hosted during the first half of this year increased by 106% over the same period last year. The chamber, which represents the interests of Dubai’s business community, announced that it received 721 visiting delegations, compared to 350 for the same period ...

Bloomberg Grab is opening its app to external developers and fellow startups, as the company that bought out Uber Technologies Inc. in Southeast Asia tries to build a WeChat-like super-app that encompasses everything from maps and payments to food delivery. The move underscores the Singapore-based company’s newfound ambition to become an “everyday super-app” that helps millions of users carry out ...

Bloomberg Xiaomi Corp. surged 14 percent a day after its disappointing debut, as investors began to pile into the world’s third-largest listed smartphone maker. The Chinese company surged to a high of HK$19.14 in early afternoon trading, well above its HK$17 initial public offering price, with roughly 347 million shares changing hands. While the stock fell 1.2 percent on debut ...

Bloomberg Tesla Inc. has reached a preliminary agreement with the Shanghai government to build a factory that’ll rival production from its lone US assembly plant, as Elon Musk takes his biggest step yet to expand overseas. The electric-car maker’s planned capacity for the factory is 500,000 vehicles a year, the Shanghai government said in statement. Bloomberg reported earlier that Musk, ...

Bloomberg Ping An Insurance (Group) Co., China’s largest insurer by market value, is considering a rival offer for plasma treatment provider China Biologic Products Holdings Inc., people familiar with the matter said. An arm of Ping An is in talks with other investors about a potential joint bid for Beijing-based China Biologic, according to the people, who asked not to ...

Bloomberg Vodafone Group Plc said it received approval from the Indian government to combine with Idea Cellular Ltd., a deal first announced 16 months ago. India’s Department of Telecommunication has approved the merger provided arrears amounting to as much as $1.1 billion are paid to the government, according to the department’s order seen by Bloomberg. The outstanding amount is for ...

Bloomberg Stocks rose and Treasuries fell as a lull in the trade war gave investors room to focus on the start of the earnings season. The S&P 500 Index gained for a fourth day, the longest streak since the beginning of June. PepsiCo Inc. jumped more than 3 percent after reporting better-than-forecast profit, bolstering optimism that Corporate America enjoyed a ...

Bloomberg At a time when emerging markets have been roughed up by trade tensions between the world’s biggest economies, the earnings picture in India is improving. That’s the message from Morgan Stanley as it expects companies in the S&P BSE Sensex to report a 23 percent increase in net income in the June quarter from a year earlier, with more ...

Bloomberg The natural gas industry is on a mission to prove it can keep up with the green energy industry, whose price reductions are starting to become a competitive threat to fossil fuels. Gas and oil producers have slashed overheads by a third since 2014 and are finding deeper reductions harder to come by, according to energy consultants Wood Mackenzie. ...