ABU DHABI / WAM December 10 marks the 40th anniversary of the Central Bank of UAE’s (CBUAE) establishment, replacing the UAE Currency Board, as per the Union Law No (10) of 1980. The UAE’s economic and financial journey spans more than 47 years, starting in 1973 when the UAE Currency Board was established and mandated with issuing the UAE dirham, ...
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DUBAI / WAM The UAE has emerged as one of the top five most globally connected countries in the world according to the DHL Global Connectedness Index 2020 released on Wednesday. Now in its seventh edition, the report compiled in collaboration with DHL and the NYU Stern School of Business provides a comprehensive assessment of globalisation during the Covid-19 pandemic. ...
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ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) has officially launched its second trading arm, Adnoc Global Trading (AGT), a joint venture between Adnoc (65 percent), Eni (20 percent) and OMV (15 percent) which focuses on the trading of refined products globally. The AGT virtual launch event brought together leaders from Adnoc, Eni and OMV, as well ...
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DUBAI / WAM Dubai Customs expects e-commerce sales to rise 23 percent to $27 billion (AED100 billion), in 2022. Dubai Customs plays a major role in supporting the strategy which sees Dubai as the world’s capital of the new economy. This is done through reinforcing the companies of the future economy such as the e-commerce companies by facilitating trade and ...
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ABU DHABI / WAM Rafed, the recently established healthcare procurement company, and Abu Dhabi Ports, the region’s premier facilitator of logistics, transport, and trade, have signed a collaboration agreement to jointly launch the largest healthcare and medical supplies cold store distribution centre in the UAE. Both entities are part of ADQ, one of the region’s largest holding companies with a ...
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ABU DHABI / WAM Etihad Airways, the national airline of the UAE, has committed to purchasing carbon offsets, to completely neutralise the CO2 emissions of its flagship “Greenliner” 787-10 aircraft for a full year of operations in 2021. The initiative is the start of the airline’s journey to reduce CO2 emissions to 50 percent of 2019 levels by 2035, and ...
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DUBAI / WAM Dubai Customs expects e-commerce sales to rise 23 percent to 27 billion (AED100 billion), in 2022. Dubai Customs plays a major role in supporting the strategy which sees Dubai as the world’s capital of the new economy. This is done through reinforcing the companies of the future economy such as the e-commerce companies by facilitating trade and ...
Read More »SHARJAH / WAM HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Sharjah Crown Prince, Deputy Ruler, and Chairman of the Sharjah Executive Council (SEC) on Tuesday, chaired a meeting of the Council at the Sharjah Ruler’s office, in the presence of HH Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of the ...
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ABU DHABI / WAM The Abu Dhabi Department of Energy (DoE) has signed an agreement with American multinational computer technology company Dell to enhance cooperation on information technology and information security at the DoE, supporting the department’s efforts to drive development across the entire energy sector in the emirate. Signed during the Gitex Technology Week 2020, which concludes on December ...
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DUBAI / WAM Dubal Holding (DH), a wholly owned subsidiary of Investment Corporation of Dubai (ICD), announced the acquisition of 60 percent stake in OSE Industries, a specialised aluminium extrusion company in the UAE. The acquisition was signed on November 30 between Ahmad Bin Fahad, Acting CEO of DH and Othman Sharif, the President and Chairman of OSE. Bin Fahad ...
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