DUBAI / WAM Dubai World Central (DWC), registered a surge of 81.5 percent in customer numbers in 2019 with annual traffic exceeding 1.6 million. According to a DWC press statement, the sharp increase in customer numbers was attributed to the relocation of operations by various international carriers during the 45-day closure of Dubai International’s (DXB), southern runway during April and ...
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ABU DHABI / WAM The Abu Dhabi Fund for Development (ADFD), on Tuesday signed a Memorandum of Understanding with the United States International Development Finance Corporation (DFC), an independent agency of the US Government. The areas of collaboration outlined by the MoU include the exchange of knowledge and expertise between the two parties especially in the field of financing private ...
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AL AIN / WAM UAE University (UAEU), financed scientific research projects worth AED70 million in 2019, and the period of their completion averaged between two years and four years. One of the great strengths of the UAEU is its ability to address the significant challenges that face today’s modern United Arab Emirates, through the research activities of its faculty and ...
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DUBAI / WAM AS World Group – in its capacity as Authorised Ticket Reseller for Expo 2020 Dubai – organised a global roadshow at the 33rd Ordinary Session of the African Union Summit held in Addis Ababa, Ethiopia, to promote the upcoming World Expo to all 54 member countries of the African Union. AS World Group launched special Expo 2020 ...
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ABU DHABI / WAM The value of the liquidity withdrawn by the Central Bank of the UAE (CBUAE), from the market in 2019 totalled AED22 billion, highlighting the surplus liquidity in the UAE’s banking system. The CBUAE manages the country’s monetary policy to serve the national economy in general, through a variety of instruments. Certificates of Deposit (CDs) represent one ...
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DUBAI / WAM Aramex announced its financial results for fourth quarter and full year (FY), ending December 31, 2019. According to a press statement issued by Aramex on Monday, full year 2019 revenue increased by 3 percent to AED5,246 million, compared to AED5,086 million in FY 2018. FY 2019 net profit increased 1 percent to AED497.4 million, compared to AED492.6 ...
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WAM / Emirates Business A whopping 65 per cent of Indians living outside their country have made the six Gulf Cooperation Council (GCC), states their expatriate home, the Lok Sabha, the lower House of Indian Parliament was informed during its ongoing budget session. Of these six GCC states, the UAE tops the list as home to the largest number of ...
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ABU DHABI / WAM The central bank of the UAE (CBUAE), announced on Monday that it would develop a new consumer protection framework in line with its mandate. In a statement, the central bank said the decision is within the realms of Federal Decree Law No. 14 of 2018 regarding the central Bank and Organisation of Financial Institutions and Activities, ...
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Abu Dhabi / WAM Edge, the advanced technology group for defence and beyond, on Monday announced that it received in excess of 9,000 applications for over 400 jobs following its participation at Tawdheef 2020. From the close of the event, operating with speed and transparency, Edge shortlisted, contacted and set up interviews with over 1000 candidates within two working days. ...
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DUBAI / WAM DMCC, the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise, signed a strategic membership agreement with Al Khaleej Sugar and Universa Blockchain that sees DMCC trade flow support the development of a new sugar trading platform in the emirate. The platform under development will enable traders to purchase, store, and trade ...
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