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France planning eco-tax on air tickets

France will introduce a new charge on plane tickets from next year, with revenue used to fund environment-friendly alternatives, a top French official said on Tuesday. The ‘eco-tax’ costing between 1.50 euros (US$1.7) and 18 euros (US$20) will apply to most flights departing in France, Associated Press, AP, quoted French …

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South Africa hails African free trade plans

South African President Cyril Ramaphosa said the coming into effect of the Africa Continental Free Trade Area Agreement (AfCFTA) was a milestone that fulfilled a dream crafted by the founders of the Organisation of African Union 60 years ago when they mulled an integrated continent, African News Agency, ANA, reported …

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ADX meets Morgan Stanely delegation

The Abu Dhabi Securities Exchange, ADX, recently met with an executive delegation from Morgan Stanley to discuss how to develop business relations between both entities. Khalifa Salem Al Mansouri, Acting Chief Executive of the ADX, said, “This was a valuable introduction for the ADX. Developing business relations with such a …

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UAE-Costa Rica talk investment opportunities

The Abu Dhabi Chamber of Commerce and Industry and the Costa Rica Embassy in the UAE discussed available mutual economic and investment opportunities in Abu Dhabi and Costa Rica, in the presence of Mohammed Hilal Al Muhairi, Director-General of the Chamber. Their discussion took place during a meeting between Mohammed …

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Putin to speak at UAE’s GMIS event

President Vladimir Putin of Russia will speak at the Plenary Session of the second Global Manufacturing and Industrialisation Summit, GMIS, a join initiative by the UAE Ministry of Energy and Industry and the United Nations Industrial Development Organisation, UNIDO, which will take place from 9th to 11th July 2019 in …

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Czech-UAE Business Forum held in Prague

Public and private sector players attending the Czech-UAE Business Forum 2019 in Prague called for businesses in the two countries to explore new partnership opportunities in key sectors of mutual interest such as smart city solutions, manufacturing, logistics, healthcare, tourism and artificial intelligence, which can support the strategic vision of …

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Dubai Customs expanding trade with Saudi Arabia

Dubai Customs has explored means to enhance cooperation with Saudi Arabia during a meeting between Director-General of the department Ahmed Mahboob Musabih and Abdul Hadi Mohammed Al-Shafi, the Saudi Consul-General in Dubai. The two discussed means of boosting cooperation between Saudi Arabia and Dubai especially in bilateral trade and customs …

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Etihad Credit Insurance empowering firms in UAE

Etihad Credit Insurance, ECI, has signed a Memorandum of Understanding, MoU, with the Corporate Banking division of Emirates NBD to empower the UAE-based firms in strengthening their presence regionally and internationally by providing them access to ECI’s trade credit insurance solutions and Emirates NBD Corporate Banking’s customised products. This cooperation …

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UAE-Indonesia Economic Work Team held in Jakarta.

Suhail bin Mohammed Faraj Faris Al Mazrouei, UAE Minister of Energy and Industry, headed the UAE delegation participating in the joint meeting of the UAE-Indonesia Economic Work Team, held in the Indonesian capital, Jakarta. During the meeting, the delegation discussed strengthening the bilateral relations between the two countries, along with …

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Emirates Red Crescent re-opens Yemeni fishing slipway

The Emirates Red Crescent, ERC, has re-opened a fishing slipway in in Bab al-Mandab District of Dhubab Governorate, after completing the rehabilitation and refitting operations. The ERC Representative on the Red Sea Coast, said the UAE-funded facility, part of a UAE plan to establish and rehabilitate 24 fishing slipways, would …

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British trade secretary briefed on UAE rail plans

The Rail Agency of the Roads and Transport Authority, RTA, briefed Liam Fox, Britain’s Secretary of State for International Trade, about the operation and maintenance of Dubai Metro. The briefing was made during a recent visit of the British minister to the Metro Operations Control Centre, OCC, at the Rashidiya …

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Tourists to be offered free SIM cards in UAE

The Federal Authority for Identity and Citizenship, ICA, has launched ‘SIM 24’ initiative offering free SIM cards to all tourists upon their arrival in the UAE. These SIM cards include free minutes and data, and will enable visitors to communicate with their families after arriving in the UAE, the ICA said …

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15 things to consider in buying exhibition displays

Exhibitions are a powerful way to showcase your brand and the products/services you offer. But you must make sure that the system you choose works for your business. Not only will the wrong exhibition display fail to attract visitors, but it can also jeopardize your hard-earned brand reputation and become …

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Etihad Airways celebrates Boeing 787-10 to Shanghai

Etihad Airways, the national airline of the United Arab Emirates, has celebrated the deployment of the Boeing 787-10 Dreamliner on its daily scheduled services to Shanghai by hosting an ‘Abu Dhabi Night’ reception, at the Bellagio Shanghai. The event was attended by leading figures from the UAE and local government …

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DEWA organises business forum with France

The Dubai Electricity and Water Authority, DEWA, has organised the second France-DEWA Business Forum, in collaboration with the French Business Council in Dubai and the Northern Regions and Business France, to strengthen cooperation with French institutions and companies. The theme of the conference was ‘Future of Energy and Innovation’. Saeed …

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Afghanistan and Uzbekistan: economic and security partners

When Uzbek President Shavkat Mirziyoyev came to power, his posture toward Afghanistan was significantly different than that of his predecessor. Instead of shielding Uzbekistan from Afghanistan and viewing the country primarily as a center of instability, Mirziyoyev enthusiastically embraced Afghanistan as an economic and security partner Uzbek President Shavkat Mirziyoyev, …

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Dubai Corporate Social Responsibility wins award

Roads and Transport Authority, RTA, has made several Corporate Social Responsibility, CSR, achievements where it won the Dubai Chamber CSR Label, rendering it the first government entity to win this award for the third year running. RTA also obtained the ISO 26000 Social Responsibility Certificate, and its new corporate identity …

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Dubai launches Real Estate Investment Opportunities

The Dubai Land Department, DLD, announced the launch of the Real Estate Investment Opportunities, REIOs, initiative during a press conference held yesterday. The newly-launched project was adopted as a catalyst for Dubai’s real estate sector based on the outcomes of the Innovation Lab 2018. A law is currently being drafted …

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UAE opening up key sectors to total foreign ownership

The United Arab Emirates will allow up to 100% foreign ownership of some companies operating in 13 sectors, including manufacturing, agriculture, and renewable energy, state news agency WAM reported on Tuesday. The UAE cabinet has approved 122 economic activities across 13 sectors eligible for up to 100% foreign ownership, WAM …

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In the new phase of Uzbekistan-Afghanistan relations

In May 2019, Tashkent introduced a trade area between Afghanistan and Uzbekistan that will operate on the Afghan-Uzbekistan frontier at the Termez Cargo Center terminal. The trade area promises speedy processing of documentation from and to Afghanistan for products. This unprecedented move towards closer trade ties between Tashkent and Kabul …

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Sharjah Chamber working with France

The Sharjah Chamber of Commerce and Industry, SCCI, has called on businessmen and investors in Sharjah to take advantage of the mutual investment opportunities with the business community in France, so as to open new horizons of partnerships and develop the long-standing economic, trade and cultural relations between the UAE …

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Abu Dhabi and Mauritius sign maritime MoU

Abu Dhabi Ports and the Mauritius Ports Authority, MPA, have signed a Memorandum of Understanding, MoU, to pool their combined expertise to enhance the maritime sector across the Indian Ocean, from port infrastructure and security to protecting the environment and driving the cruise industry. The MoU was signed by Captain …

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OFID and Ameriabank sign $25 million loan agreement

The OPEC Fund for International Development, OFID, and Ameriabank have signed a US$25 million loan agreement aimed at supporting trade flows to and from Armenia. Cooperation between OFID and Ameriabank dates back to 2015. The first facility supported Small- and Medium-sized Enterprises, SMEs, in Armenia across a diverse range of …

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Dubai making financial regulations easier for business sector

The Dubai International Financial Centre, DIFC, is set to make structuring and financing faster, economical, and more flexible. Under a newly introduced regime, structures such as Intermediate Special Purpose Vehicles and Special Purpose Companies will now be classified as ‘Prescribed Companies’. The new prescribed companies regime expands the previous regime …

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Qatar investing $500 million into Lebanon

Qatar has bought some Lebanese government bonds as part of its planned $500 million investment in the Lebanese economy, a Qatari government official told Reuters on Sunday. The Qatari Ministry of Foreign Affairs said earlier this year the wealthy Gulf country planned to invest $500 million in Lebanese government U.S. …

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UAE makes key announcements during UNCTAD session

Sultan bin Saeed Al Mansouri, Minister of Economy, has said that hosting of main events of UNCTAD in 2020 in Abu Dhabi, underscores the UAE’s position as an important trade and investment hub in the region, and serves its aspirations to contribute to the regional and international efforts to develop …

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World Government Summit at planned Dubai Expo 2020

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai has directed to launch the next edition of the World Government Summit at Expo 2020 Dubai on November 22nd-25th, 2020. The ‘World Government Summit- Expo 2020’ will be the biggest gathering yet since its …

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Pakistan to get $375 million from UAE

Pakistan signed a $375 million syndicated loan with banks in the United Arab Emirates in June made up of conventional and Islamic banking tranches, the Pakistani government said on Saturday. The tranches were fully subscribed by a syndicate of leading UAE banks, the government statement said. Emirates NBD Capital Limited …

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UAE-Georgia cooperating on tourism

Essa Abdulla Al Nuaimi, UAE Ambassador to Georgia, has taken part in a meeting to learn about the Georgian Government’s assessment and plans regarding the current challenges in the tourism sector. During the meeting, held at the Georgian Ministry of Foreign Affairs, Al Nuaimi spoke about the growing tourist ties …

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