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Summary:  Saxo Bank Chief Economist Steen Jakobsen analyses the state of play in Brexit following PM May's historic Parliamentary loss.

UK Prime Minister Theresa May saw her already controversial Brexit bill roundly and conclusively defeated in Parliament Tuesday evening with uncertainty on the future of both her government and Brexit itself dominating sentiment into today's vote of no confidence.

Accountancy and finance body ICAEW says recent developments and plans announced by Dubai’s government highlights the emirate’s promising trajectory towards cementing its influential position as a future-proof global business capital. The plans, which include a geo-economic map for the city, the first virtual commercial city in the region, free economic and creative zones in universities, and Dubai International Financial Center’s (DIFC) expansion plan, aim to accelerate the development of Dubai’s business landscape.

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