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Ajman key participant in Sarajevo Business Forum

The Ajman Chamber of Commerce and Industry participated in the tenth Sarajevo Business Forum, which began yesterday in the Bosnia and Herzegovina capital. The chamber’s delegation included Salem bin Ahmed Al Nuaimi, Deputy Chairman of the Chamber, and Abdullah Saeed Al Nuaimi, Member of the Chamber’s Board of Directors. Al …

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Global Wealth Migration Report hails UAE

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, said that the UAE has been able to create a robust investment and economic environment due to the clear vision of the country’s leaders. Their keenness to ensure high levels of happiness for residents, visitors and investors, …

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UAE key player at Arab-Russian Cooperation Forum

The UAE participated in the fifth edition of the Arab-Russian Cooperation Forum. A ministerial level delegation, headed by Ahmed bin Ali Mohammed Al Sayegh, Minister of State, and with the attendance of Juma Mubarak Al Junaibi, UAE Ambassador to Egypt and Permanent Representative to the Arab League, took part in …

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Dubai Chamber comes back from Panama with trade deals

A delegation of 70 businessmen from the UAE led by the Dubai Chamber of Commerce and Industry, recently concluded a trade mission to Panama aimed at exploring emerging business opportunities in Latin America through the regional trade hub. The visiting delegation met with key stakeholders from the Panama’s public and …

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UAE and the Czech Republic in economic talks

Sultan bin Saeed Al Mansouri, Minister of Economy, discussed ways of reinforcing the economic and commercial ties between the UAE and the Czech Republic, as well as partnership opportunities and the exchange of expertise between their public and private sectors, to serve their economic goals. The discussion took place during …

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French delegation hosted by Abu Dhabi Securities Exchange

Abu Dhabi Securities Exchange, ADX, the region’s leading financial market, recently hosted a delegation from the French Business Group – Abu Dhabi in which the operational framework, vision, mission, and investment opportunities at ADX was highlighted to the delegation. Members of senior management attended the event from both sides. Abdul …

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Lebanese bracing for latest austerity measures

The Lebanese government has yet to disclose its budget for 2019 but protesters are already in the streets fearing the “difficult and painful” reforms it is expected to announce as it tries to get spending in control and rein in public debt. Retired army officers blocked several highways with burning …

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US sponsoring investment in Afghani mines

Minister of Mines and Petroleum of Afghanistan Nargis Nehan has announced 43 new large and small-scale mining projects available for private sector investment and development. In a keynote address at the ongoing Afghanistan Mining Investment Forum at Dubai International Financial Centre, the Afghan minister further highlighted 14 new opportunities open …

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Saudi-German Hospital opened in Ajman

H.H. Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, today opened the Saudi-German Hospital in Ajman, which is the third healthcare facility of the Saudi-German Hospitals Group in the UAE, after the launch of two other facilities in Dubai and Sharjah. It is also the …

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Italian delegation holds talks with DEWA

Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority, DEWA, received at the Authority, a high-level delegation headed by Luigi Di Maio, Deputy Prime Minister and Minister of Economic Development and Labour of Italy. The delegation included Manlio Di Stefano, Deputy Minister of Foreign Affairs and …

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Gulftainer in Iraq’s Um Qasr reaches new records

The Iraq Container Terminal, ICT, at Umm Qasr Port in southern Iraq, operated by Gulftainer, has registered container volumes of two million twenty-foot equivalent units, TEUs, since Gulftainer started its operations in the region less than nine years ago. Gulftainer was the first foreign investor to launch a joint venture …

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UAE-Korea renew Bilateral Currency Swap Agreement

The Central Bank of the UAE, CBUAE, and Bank of Korea, BOK, have renewed their Bilateral Currency Swap Agreement, BCSA, which was originally signed in October 2013 at a value of US$5.4 billion, reaffirming their commitment towards promoting trade and financial cooperation between the two countries. The agreement, which contributed significantly …

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Ajman economics department holds meeting with investors

The Ajman Department of Economic Development, DED, organised a meeting with investors in leading sectors, which was held at the Fairmont Ajman Hotel, with the attendance of officials from the DED’s Planning and Business Development Department. The meeting aims to promote direct communication, assess the current business performance of investors …

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DAMAC wins GBP175 million for London project

DAMAC International has secured a development financing package of GBP175 million for London’s landmark project, DAMAC Tower at Nine Elms. The partnership marks a major vote of confidence in the United Kingdom, at a time of heightened political and economic uncertainty. The securing of the ₤175 million across three major …

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New Khor Fakkan City projects announced

H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, today announced the launch of a series of key projects in Khor Fakkan City. The announcement came as H.H. Dr. Sheikh Sultan opened the new Sharjah – Khor Fakkan Road today, with the newly launched …

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Dubai Customs annouced huge increase in transactions

Dubai Customs announced on Friday an 8.5 percent increase in customs transactions for the first quarter in 2019. Customs transactions grew to 2.6 million from 2.4 million in the same period of 2018. According to Dubai Customs, if this momentum is kept up, the customs authority is expected to reach …

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Sharjah-Khor Fakkan Road project going ahread

H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, will launch tomorrow, Saturday, the Sharjah-Khor Fakkan Road project and a number of development and heritage projects in the emirate. The 89-kilometre Sharjah – Khor Fakkan Road, built at a cost of AED6 billion, and …

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Emirates Transport signing millions worth of contracts

Emirates Transport signed new contracts during the first quarter of the current year with several customers in Dubai and Sharjah, amounting to AED225 million. Bader Al Attar, Executive Director of Transport and Rental in Dubai and Sharjah at Emirates Transport, said that the company is employing its 38 years of …

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Dubai Precious Metals Conference launches

Three hundred industry experts converged to discuss the key factors and opportunities shaping the precious metals market at the annual Dubai Precious Metals Conference, organised by the DMCC, a Free Zone for commodities trade and enterprise, today. Held under the theme “Unlocking Growth in Global Precious Metals”, the conference, in …

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Puntland delegation in UAE

A delegation from Puntland Province led by Said Deni, President of the Province, has visited the Abu Dhabi Chamber of Commerce and Industry, to explore its services and discuss opportunities for commercial cooperation between their business communities. Hilal Mohammed Al Hamli, Deputy Director-General of the Chamber, said that the visit …

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Property development on Yas Island

Aldar Properties PJSC (Aldar) announced the launch of its latest waterfront development, Lea – located on the northern shores of Yas Island. Offering land plots starting at AED 990,000 and sizes ranging from 405 sqm – 1,800 sqm, and available for purchase by all nationalities, sales will commence at Cityscape …

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Smart channel launched for Expo 2020 Dubai

Dubai Customs has announced the launch of a smart channel dedicated to Expo 2020 Dubai, providing customs services to exhibitors taking part in the global event. The ‘Expo 2020 Smart Customs Channel’ provides exhibitors with customs services via their smart mobiles and devices around-the-clock, which will help exhibitors finalise their …

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UAE-Serbia Joint Committee held in Belgrade

The Serbian capital, Belgrade, today hosted the ministerial meeting of the first session of the “UAE-Serbia Joint Committee.” The meeting was headed by Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of State, and Siniša Mali, Minister of Finance of Serbia. The UAE delegation included several officials representing various federal …

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Standard Chartered paying legals damages over work with Iran

London-based Standard Chartered PLC has agreed to pay $1.1 billion to U.S. and British authorities for illegal financial transactions involving Iran and other sanctioned countries, several government agencies announced on Tuesday. A former banker at the Dubai branch pleaded guilty in New York state court in connection with the conspiracy …

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Abu Dhabi Securities Exchange holds ‘strategic’ workshop

Abu Dhabi Securities Exchange, ADX, recently held a workshop to discuss the preparation and updating of the Exchange’s current strategic plan. The workshop was attended by Khalifa Salem Al Mansouri, Acting Chief Executive of ADX, Board Members and Executive Management members of ADX. Khalifa Salem Al Mansouri, Acting Chief Executive …

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UAE first signatory of ‘Scale 360’ initiative

The UAE government, in cooperation with the World Economic Forum on the Middle East and North Africa (MENA), has become the first signatory to the ‘Scale 360’ initiative, which aims at moving towards a more circular economy while using less natural resources and reducing pollution to tackle climate change. This step …

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