Dubai /Â WAM Dubai SME, the agency of the Department of Economic Development (DED) in Dubai mandated to develop the small and medium enterprise (SME) sector, launched a campaign to raise awareness on the Sustainable Development Goals (SDGs) established by the United Nations and adopted by the Dubai SME 2021 Plan. Running from December 18-22, the campaign will bring to …
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Abu Dhabi / Emirates Business The fourth edition of the International Conference & Exhibition (IFCE), held in Abu Dhabi concluded its activities, attracting more than 2,000 visitors and participants. The event serve as a leading hub that attracts franchise companies from across the world, as well as providing investment opportunities for entrepreneurs, the youth, and companies based in the …
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Dubai / Emirates Business Global developer Emaar Properties will join the UAE’s leadership and nation in extending its felicitations to the Qatari leadership and people with an illumination of Burj Khalifa, the global icon, on December 18, to mark the Qatar National Day. The 828.6 metre (2,716.5 ft) tower will be illuminated with the colours of Qatar’s National Flag …
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Dubai / Emirates Business DAMAC Properties, one of the leading luxury real estate developers in the region, announced the launch of MOD, a collection of townhouses in the heart of international golf community AKOYA Oxygen. The homes in this community, with a contemporary expression of luxury, are priced to be accessible to a diverse mix of buyers of all …
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Dubai / Emirates Business Dubai Cares, part of Mohammed bin Rashid Al Maktoum Global Initiatives, successfully completed the fourth edition of its Volunteer Emirates 2016 initiative which took place on Saturday at Al Salaf Al Saleh Private School in Ras Al Khaimah. The highly popular initiative, which lends helping hands to non-profit schools across the UAE, saw the participation …
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Sharjah / Emirates Business Al Majaz Waterfront first ever Winter Festival got under way at the emirate’s popular leisure and tourist destination. The opening two days of the seasonal event, which is running until January 7, have seen an array of activities designed to impart the festive ambience of a wintry landscape without its attendant chilly temperatures. Creating a …
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DUBAI / WAM Trade between the UAE and China is expected to increase to US$60 billion (AED216 billion) by the end of this year, up from $54.8 in 2015, as the UAE is now China’s second largest trading partner in the Middle East and the region’s biggest market for Chinese goods, according to the Dubai Economic Council (DEC). China, …
Read More »DUBAI / WAM Foreign investors purchased shares worth AED1.8 billion on the Dubai Financial Market (DFM) over the week, while the value of stocks they sold amounted to AED1.9 billion, a DFM report said. The net foreign investment during the period reached AED150.1 million, as aggregate sale. The value of shares bought by foreigner investors comprised 35.6 per cent …
Read More »ABU DHABI / WAM The National Bank of Abu Dhabi (NBAD) closed the syndication of its US$2 billion club loan facility with a large oversubscription. Commitments of nearly $3 billion were received in syndication from 14 major international banks across Europe, Asia and the United States. However, due to its excellent liquidity position, NBAD will not be increasing the …
Read More »ABU DAHBI / WAM The Central Bank of the UAE (CBUAE) announced that, as of December 15, it has raised interest rates applied to its Certificates of Deposits in line with increase in interest rates on US Dollar, following the Federal Reserve Board’s decision to increase Federal Funds Rate by 25 basis points. Certificates of Deposit, which CBUAE issues …
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