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UAE ranks 3rd globally for Islamic fintech start-ups
DUBAI / WAM The UAE is ranked third in an analysis of Islamic Fintech start-ups, according to a survey by Bloomberg Intelligence, issued on Sunday. Malaysia and the United Kingdom are ranked first and...
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AI to contribute $320 billion to Middle East economy by 2030
DUBAI / WAM Artificial intelligence (AI) will contribute $320 billion to the Middle East economy by 2030 — the equivalent to 11 percent of GDP, the PwC Middle East has revealed in a latest study....
View ArticleAir Arabia records AED662 million profit
Sharjah / Emirates Business Air Arabia (PJSC) on Sunday announced full-year financial results for 2017 as the Middle East and North Africa’s first and largest low-cost carrier once again delivered high...
View ArticleEmirates firms up $16bn order for A380 jumbos
Dubai / Reuters Emirates signed a contract on Sunday to buy as many as 36 Airbus A380 aircraft worth as much as $16 billion at list prices, firming up an order that is crucial to the future of the...
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AED6.4bn industrial projects enter production in Abu Dhabi
Abu Dhabi / WAM Thirty seven projects covered by industrial licences entered into production in the Emirate of Abu Dhabi last year, 85 percent higher than in the previous year, it has been announced....
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GBF to discuss economic cooperation between GCC, LatAm markets
Dubai / WAM The second edition of the Global Business Forum on Latin America (GBF), which will be held from February 27-28, in Dubai, will see the participation of current and former heads of state,...
View ArticleMOCCAE, Global Citizen organise youth dialogue
Dubai / WAM The UAE Ministry of Climate Change and Environment (MOCCAE), together with Global Citizen, the social action platform, organised a youth dialogue to discuss how youth can contribute to...
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Governments need to prioritise well-being of citizens: Experts
Dubai / WAM Professor Jeffrey Sachs, renowned economist and Chair of the World Happiness Council, has led a plenary session to discuss the findings of the first Global Happiness Policy Report on the...
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Role of Emirati, Arab and foreign journalists lauded
Dubai / Emirates Business His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, toured the Media and Social Communication Centre for the...
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Public-private sector ties key to fight cybercrime in Mideast
ABU DHABI / WAM Digitisation has transformed crime and closer partnerships between government and private sector organisations are essential to successfully combat cyber criminals that are using...
View ArticleDeal signed to launch region’s first solar-driven hydrogen electrolysis plant
DUBAI / WAM Reem bint Ibrahim Al Hashimy, Minister of State for International Cooperation and Director-General of Dubai Expo 2020 Bureau, Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and...
View ArticleEnoc plans investments in Egypt
DUBAI / WAM ENOC Group is exploring investment opportunities within Egy-pt’s energy landscape as part of its long-term strategy to expand its regional footprint. The announcement, made on the sidelines...
View ArticleDGCX explores options as India stops licensing securities abroad
DUBAI / Reuters The Dubai Gold and Commodities Exchange (DGCX) said on Monday it was working with Indian counterparts to explore alternatives after India’s three main stock markets announced they would...
View ArticleAdnoc’s unit to produce 40k bpd of oil by 2020
ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) has announced a significant milestone for one of its youngest operating companies, Al Dhafra Petroleum, with a major capital investment to...
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Emaar Malls Q4 profit up 27%
DUBAI / WAM Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties PJSC, recorded a net profit of AED2.080 billion ($566 million) in 2017, 11 percent higher than the...
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VP, WTO chief discuss global trade, economic situation
Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Tuesday received Roberto Azevedo, Director-General of the World Trade...
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Etisalat’s ‘Hello Business Hub’ to strengthen SMBs, startups
Dubai / Emirates Business Etisalat announced the launch of the ‘Hello Business Hub’, aimed at assisting Small and Medium Businesses (SMBs) to give them the flexibility and ease the process of setting...
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Daemaar opens doors to its first retail store in Abu Dhabi
ABU DHABI / Emirates Business Daemaar Group opened doors to its first retail store UPIM (Unico Prezzo Italiano Milano) at Khalidiya Mall, Abu Dhabi marking its entry into the retail sector. UPIM is a...
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NCM, NRIAG join hands to boost seismology cooperation
ABU DHABI / WAM The National Centre of Meteorology (NCM), and the National Research Institute of Astronomy and Geophysics in Egypt (NRIAG), have signed a Memorandum of Understanding (MoU), on...
View ArticleBritish MP hails UAE’s ‘innovative approach’
ABU DHABI / WAM Leo Doherty, a British Member of Parliament currently visiting the UAE with a delegation from the UK-UAE All-Party Parliamentary Group (APPG), described himself as ‘very impressed by...
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