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Tag Archives: investment

Saudi moving into facebook minority stake

Saudi Arabia’s sovereign wealth fund has bought minority stakes in major American companies including Boeing (BA.N), Facebook (FB.O) and Citigroup (C.N), according to a U.S. regulatory filing. The $300 billion Public Investment Fund (PIF) has been buying minority stakes in companies across the world, taking advantage of market weakness in …

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Uzbekistan has set road towards its ambitious goals

After Shavkat Mirziyoyev came to the post of the President the number of beautiful and landscaped areas in Uzbekistan are increasing as a result of measures aimed at radically renewing the image of cities and villages, improving social conditions. I personally witnessed these creativities during my trip to this country …

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Ras Al Khaimah invites investor from Costa Rica

The Ras Al Khaimah Chamber of Commerce called on investors and business leaders from Costa Rica to benefit from investment and trade opportunities available in the emirate. The invitation is part of the emirate’s efforts to organise the largest international exhibition for small and medium-sized enterprises, SME, which will be …

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Pakistan-UAE discussing economic relations

Hamad Obaid Al Zaabi, UAE Ambassador to Pakistan, met with Syed Murad Ali Shah, Chief Minister of Sindh, and Imran Ismail, Governor of Sindh, in Karachi on Friday. They discussed the investment, development and humanitarian projects being carried out by the UAE in the Sindh region of Pakistan. During a …

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Licences issued on rise in Dubai

Signalling growing investor confidence in Dubai, new business licenses issued in the emirate during the first four months of 2019 increased 35 percent compared to the same period of 2018, according to a report issued by the Department of Economic Development (DED). DED issued 9,489 new licences during January-April 2019 …

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Fujairah Oil Industry Zone attracting oil bunkering

Already well-established as one of the world’s top centres for oil bunkering, the Port of Fujairah and the adjacent Fujairah Oil Industry Zone, FOIZ, continue to attract further business and investment, recent announcements show. Last month, Fujairah-based Brooge Petroleum and Gas Investment Company and Dubai-based Sahara Energy Resources announced plans …

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UAE-Mauritius Business Forum hailed

Foreign Affairs, Regional Integration and International Trade Minister of Mauritius, Seetanah Lutchmeenaraidoo, has hailed the outcome of the UAE – Mauritius Business Forum which was held in the capital Port Louis on Thursday. The minister made the statements while receiving Dr. Rashid Al-Afari, Charge d’Affaires at the UAE Embassy in …

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Qatar promises $15b investment in Turkey: presidency

Qatar pledged $15 billion (Dh55.09 billion) of investment in Turkey that will be channeled into Turkish financial markets and banks, a government source told Reuters yesterday. The investment package was announced after Qatar’s Emir Tamim Bin Hamad Al Thani met President Tayyip Erdogan in Ankara, as Turkey grapples with a …

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Fresh hope for Dubai Lagoon investors

“We want our money back,” investors in a Dubai Investment Park (DIP) realty project that never took off had told XPRESS in October 2012, with the inordinate delay since its 2005 launch draining them financially and emotionally. Today, 13 years on, they are still making the same appeal — but …

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Dewa strengthens ties with German company

Saeed Mohammad Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), welcomed a high-level delegation from German company Voith, which specialises in systems, products and services serving five important markets: energy, oil and gas, paper, raw materials and transport and automotive. The visit aimed to enhance cooperation …

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Bahrain to issue 10-year self-sponsorship permit

Bahrain is to issue a ten-year renewable residency permit on a self-sponsorship basis to foreign investors. Crown Prince Salman Bin Hamad Al Khalifa on Tuesday evening instructed the Minister of Interior to prepare a draft edict to create the self-sponsorship residency permit for foreign investors. The new system is designed …

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Dubai economic package to boost investments, job growth

Government of Dubai has called on government departments to work on a comprehensive reform package to boost business confidence and economic growth in the Emirate. Stimulus plans include proposals to allocate 20 per cent of government tenders to small and medium-sized businesses, developing low-cost family tourism systems through a timeshare …

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Google Innovation Hub opens at UAE University

A new Innovation Hub powered by Google has opened at UAE University (UAEU) in Al Ain as part of a collaborative effort involving Abu Dhabi’s Department of Education and Knowledge, Bayt Mitwahid Association, Google and the university. The hub is split into several different sections, including the maker area, where …

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Sharjah World Music Festival 2018 begins on Saturday

The fifth edition of the emirate’s highly-anticipated annual music event, the Sharjah World Music Festival (SWMF 2018), begins on Saturday night, with an opening act by one of the finest Flamenco guitarists in the world, Vicente Amigo, at the Flag Island Amphitheatre. This will be accompanied by a free outdoor …

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Hamdan reviews 2018 plans of Dubai Future Foundation

The plans and strategies of Dubai Future Foundation (DFF) for 2018 have been approved by Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Board of Trustees of the foundation. The DFF’s 2018 agenda was approved at a meeting of the foundation’s executive …

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Maersk Oil, partners to invest $3.4b in North Sea gas

Danish conglomerate AP Moller-Maersk said on Friday it will invest 21 billion kroner ($3.4 billion, Dh12 billion) together with British-Dutch oil producer Shell, among others, to redevelop and extend the production life cycle of Denmark’s largest gasfield in the North Sea. Maersk, whose oil company is being taken over by …

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Mohammad Bin Rashid reveals reshuffled UAE Cabinet

His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has unveiled a new Cabinet tasked with making the UAE the world’s best prepared for artificial intelligence and other advanced technologies. “The new government will catapult the UAE into its prosperous …

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