UAE-Poland Business Forum reviews cooperation

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(Sharjah) - The UAE-Poland Business Forum, organised by the Sharjah Chamber of Commerce and Industry, SCCI, at its headquarters, discussed enhancing cooperation in medical products, healthcare and the wood industries, in addition to logistical…

Pound jumps on Brexit hopes as global stocks firm

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(London) - The British pound hit a seven-week high against the dollar on easing fears of a no-deal Brexit. Stock markets meanwhile won support after China said some US agricultural products including pork and soybeans would be exempt from…

Jack Ma steps down as Alibaba’s chairman

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(Shanghai) - Jack Ma, the Co-founder of the Chinese retail behemoth Alibaba, is stepping down as company chairman, the day high-profile entrepreneur turns 55. Jack Ma, a former English teacher, along with a team of few people founded Alibaba…

SEWA, Finland discuss cooperation in sustainability and training

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(Sharjah) - Rashid Al Leem, Chairman of Sharjah Electricity and Water Authority, SEWA, has received Marianne Nissila, Ambassador of Finland to the UAE, and a number of officials to brief them on SEWA’s innovative initiatives in the fields…

European stock markets jump on China-US talk hopes

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(London) - Eurozone equity markets rebounded, and London extended gains, on positivity surrounding US-China trade talks, while the pound steadied after a Brexit-fuelled slump. "European stock markets are higher… as there are positive noises…

Meeting of Arab Committee for Customs Procedures and Information held

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(Cairo) - The UAE, represented by Majid Al Suwaidi, Head of the Policies and Procedures Sections at the Federal Customs Authority, is participating in the 23rd meeting of the Arab Committee for Customs Procedures and Information that began…

Samsung unveils Galaxy Note 10

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(San Francisco) - Samsung unveiled a new-generation Galaxy Note large-screen handset starting at $950 and said it will work closer with Microsoft so that services function better across its array of devices. The Note 10 "phablet" which is…

Chinese investment, trade on agenda at Ajman Free Zone meeting

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(Ajman) - The Chairman of Ajman Free Zone, Sheikh Ahmed Bin Humaid Al Nuaimi has met with Tielan Peng, Chairman of Hunan Group and Gulf Chinese Trading Corporation to discuss further strengthening trade opportunities between the two organisations. The…

Suez Canal's revenues exceed US$6bn in 2018-2019

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(Cairo) - Mohab Mamish, Chairman of the Suez Canal Economic Zone and the Suez Canal Authority, declared that the authority posted, during the finance year 2018-2019, highest revenues on record, amounting to USD 6.3 billion, rising by 5.4 percent…

IMF launches 'open, merit-based' search for new leader

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(Washington) - The International Monetary Fund,IMF, said its executive board adopted an "open, merit-based and transparent" process to select a new leader to replace Christine Lagarde, with the aim of choosing a candidate by Oct. 4. The…

Apple takes majority stake in Intel modem unit

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(San Francisco) - Apple agreed to pay $1 billion to acquire the majority of Intel’s smartphone modem business, a move giving the iPhone maker more control over its supply chain. As part of the deal, some 2,200 Intel employees will join…

IMF downgrades world growth

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Global trade tensions, continued uncertainty and rising prospects for a no-deal Brexit are sapping the strength of the world economy, which faces a "precarious" 2020, the International Monetary Fund warned. Trade conflicts are undercutting…

Apple in talks to buy Intel smartphone chip unit

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(San Francisco) - Apple is in talks to buy Intel´s smartphone modem chip unit, a move that would help the iPhone maker control a key component, the Wall Street Journal reported. The Journal cited unnamed people familiar with the matter…

France to impose green tax on plane tickets

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(Paris) - The French government is to impose a tax of up to 18 euros ($20) on plane tickets for all flights from airports in France to fund less-polluting transportation projects, a minister said. The move, which will take effect from 2020,…