DUBAI / WAM Dubai-based Emerging Markets Property Group (EMPG) and OLX Group, owners of home grown technology firms Bayut and Dubizzle, have announced the merger of their Mena and South Asia operations to form an AED3.6 billion ($1 billion) Dubai-based unicorn company. The merger is the latest in a series of entrepreneurial successes that reinforce Dubai’s reputation as a global ...
Read More »DUBAI / WAM Dubai Financial Market (DFM) on Tuesday launched its comprehensive ‘DFM Smart Services App,’ strengthening its digital transformation as part of its ‘Smart Borse Strategy’. The new application combines features of both DFM App and DFM Services App. It has been substantially upgraded to include the features of both apps as well as new advanced features in a ...
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Sharjah / WAM Abu Dhabi Exports Office (Adex) and the Sharjah Chamber of Commerce and Industry (SCCI) are partnering together on a strategic initiative to help boost exports from one of the leading manufacturing hubs in the region that provides a significant contribution to the UAE’s GDP. Adex, the UAE-wide export financing entity founded by Abu Dhabi Fund for Development ...
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ABU DHABI / WAM Adnoc Distribution has opened 16 new sites around the country so far this year, including five ‘Adnoc On the go’ neighbourhood stations in Abu Dhabi and five ‘traditional’ stations in Dubai. The UAE’s leading fuel and convenience retailer said the network expansion aims to “bringing everyday essentials closer to its customers.” In a statement on Tuesday ...
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ABU DHABI / WAM In an exclusive interview with Al Jundi Journal, Saqr Ghobash, Speaker of the Federal National Council (FNC) said that the council was committed to upholding the values of UAE’s present leaders as well as the founding fathers. He explained how the council has helped the government confront the threat from the coronavirus and also how the ...
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ABU DHABI / WAM The Sheikh Zayed Book Award, one of the most prestigious literary prizes for the Arab world is now accepting submissions for its 2021 edition. Each winner of the Award’s nine categories will receive prize money of AED750,000 ($204,000) to recognise and further enable their creative and cultural achievements. Now in its 15th year, the Award, which ...
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DUBAI / WAM Dubai International Financial Centre (DIFC) signed a Memorandum of Understanding (MoU) with EC3 Brokers to implement a Group Health Insurance Master Policy. The Group Health scheme will be available to over 2,400 active registered firms in DIFC who provide health insurance to their 25,600 professionals. It is the first scheme of this nature to be developed in ...
Read More »Abu Dhabi / WAM The Global Manufacturing and Industrialisation Summit (GMIS) a joint initiative by the UAE and the United Nations Industrial Development Organisation (Unido), announced the dates for its 2020 edition, #GMIS2020, commencing with a sequence of Digital Series on June 30, and leading up to the Virtual Summit that will be held on September 4-5. At the top ...
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DUBAI / WAM Dubai Customs’ Training Centre and the United Nations Office on Drugs and Crime (UNODC) have launched an e-learning platform ‘GO LEARN’, that provides some 50 training courses in the customs field. The launch of the online platform took place on Microsoft Teams with the attendance of Mohammed Al Ghaffari, Acting Executive Director, Human Resources, Finance and Administration ...
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ABU DHABI / WAM The central bank of the UAE has revealed that the gross assets of banks operating in Abu Dhabi and Dubai have risen to around AED2.897 trillion, by the end of April, accounting for 92 percent of total banking assets in the country, which are estimated at AED3.156 trillion. Dubai banks’ assets amounted to AED1.489.2 trillion, according ...
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