DUBAI / WAM Dubai is calling on the world’s most innovative companies to help find solutions to key strategic challenges as registration opens for the third cycle of Dubai Future Accelerators, the world’s fastest growing business accelerators programme, which is run by Dubai Future Foundation. The third cycle, to be held over nine weeks starting in October this year, will …
Read More »DUBAI / WAM The launch of the Real Estate Registration Trustees Offices has helped the Dubai Land Department (DLD) save approximately AED45 million annually through 18 offices across Dubai, said Saad Abdulla Al Hammadi, Director of Finance and Administrative Affairs at the DLD. The Real Estate Registration Trustees Offices are playing an important role in fulfilling the department’s vision of …
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SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) has announced that a high-level delegation is preparing for a visit to the Republic of Costa Rica, to enhance bilateral economic relations and serve mutual interest to achieve more growth and prosperity between the two countries. The delegation will include officials from a number of government agencies, representatives of …
Read More »DUBAI / WAM The Business Registration and Licensing (BRL) Sector at Dubai Economy has registered record results in the number of licenses issued in the first half of 2017 with 10,455 commercial licenses issued at an average of 1,743 licenses per month, while the total number of licenses renewed was 71,831 at a monthly average of 11,971. These results underline …
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Abu Dhabi / Emirates Business Abu Dhabi University’s (ADU) Career Development Department has begun preparations to implement a comprehensive plan of events, activities and initiatives that enhance career opportunities for graduates, and provide them, even before graduating, with support and guidance they need to succeed on career paths. The plan will include interactive training programs and specialized workshops aimed at …
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ABU DHABI / WAM Abu Dhabi’s 2016 Gross Domestic Product (GDP) at current prices surged to AED791.371 billion, posting an annual growth of 2.8 percent over 2015 GDP of AED770.11, with non-oil activities contributing a staggering and unprecedented 72.5 percent of the GDP- the highest since the emirate’s shipment of its first crude in the 1960s , according to the …
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ABU DHABI / Reuters Abu Dhabi’s national oil company (ADNOC) is weighing proposals from Goldman Sachs, First Abu Dhabi Bank (FAB), HSBC and JPMorgan for lead roles in the listing of its retail business, sources familiar with the matter said. Rothschild is in a strong position for an advisory role to the deal that could raise $1.5 to $2 billion …
Read More »ABU DHABI / WAM The Union National Bank (UNB) and InvestBank came in front of the pack in revealing their Q2 financial results, reflecting the UAE banking sector’s unwavering commitment to the rules and regulations of the Securities and Commodities Authority (SCA). A total of AED177.9 million in net profit have been revealed by the InvestBank for the first half …
Read More »ABU DHABI / Emirates Business Etihad Airways is adding year-round flights between its Abu Dhabi hub and both Cairo and Lagos later this year to cater to growing demand to and from the United Arab Emirates. A fifth daily scheduled service will be introduced on the Cairo route, effective 1 October 2017, taking frequency to the Egyptian capital up from …
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Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, visited the Dubai Design District, d3, where he reaffirmed the importance of nurturing talent and innovation, which, he said are “fundamental pillars of sustainable developmentâ€. He was accompanied by HH Sheikh Maktoum bin Mohammed bin Rashid Al …
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