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  DUBAI / Emirates Business Dubai SME, the agency of the Department of Economic Development (DED) in Dubai mandated to develop the small and medium enterprise (SME) sector, has signed a memorandum of understanding (MoU) with Neuron Inc. — the fastest growing provider of innovative health insurance solutions — and NASCO France, a leader in insurance and reinsurance brokerage in ...

  New York / AFP Two days before Britain’s referendum on breaking with the European Union, the largest US banks are preparing for a catastrophic scenario that could cost them billions of dollars. Amid the volatile atmosphere in Britain, the banks are outwardly keeping a straight face. “We are locked down on this,” said Michael Duvally, spokesman for Goldman Sachs, when ...

  Bloomberg Brazil’s government says it struck a deal with state treasuries that’s designed to alleviate their fiscal crises without placing too much of a burden on federal coffers. The deal on the 427 billion reais ($126 billion) that states owe the federal government was reached in a meeting between Acting President Michel Temer and governors on Monday. It will ...

  Bloomberg Corn from Brazil is heading to the U.S., the world’s biggest exporter, just as the South American country grapples with a shortfall of the grain. The vessel, Samsun, is estimated to arrive Aug. 12 at port in Wilmington, North Carolina, an area with many poultry and hog operations, according to a sailing schedule from the state’s port authority. ...

  Bloomberg Sugar prices in Brazil, the world’s biggest producer and exporter, have surged to a record, but that’s not enough to entice processors to increase investment, Louis Dreyfus Commodities Co.’s sugar unit says. While making the sweetener has become profitable again, companies are still reluctant to boost capacity as many still struggle with a debt hangover from the previous ...

  Bloomberg In two years, pipeline giant Enterprise Products Partners LP will be capable of processing 800mn cubic feet of natural gas a day in an energy-rich stretch of West Texas and southeastern New Mexico known as the Delaware Basin — 20 times what it could handle in 2012. Behind this rapid expansion in one of America’s most prolific oil ...

  Anushka Wijesinha SPECIAL TO EMIRATES BUSINESS Sri Lanka is in an enviable location. The busy East-West shipping route passes just six to ten nautical miles south of the island. More than 60,000 ships ply this route annually, carrying two-thirds of the world’s oil and half of all container shipments. Sri Lanka is also at the doorstep of a dynamic ...

An iOS app called Prisma has been taking 10 post-Soviet nations by storm, reaching the No. 1 spot in app stores in record time. At first glance, the software does nothing special: It’s a collection of image filters that make photos look like paintings. But the technology is far more complex and troubling: It uses artificial intelligence to completely “repaint” ...

  The doomsday narrative of British Prime Minister David Cameron, the Bank of England and their official friends around the world is setting a course for a self-fulfilling financial panic. They insist that the British economy will be permanently poorer and global markets will be roiled if the British public votes to leave the European Union in a referendum on ...

  Bloomberg U.S. commercial real estate prices may fall as much as 5 percent in the next 12 months amid tightened regulations, a wall of debt maturities and property sales by publicly traded landlords, Pacific Investment Management Co. said in a report on Monday. A global surge in demand for U.S. property investments that pushed real estate values to records ...