Abu Dhabi / WAM The Higher Organising Committee of the Zayed Charity Marathon announced that the marathon’s sixth edition will be held in Suez, Egypt, on December 27. The announcement was made at a press conference, held at the Armed Forces Officers Club in Abu Dhabi, and was attended by Minister of Youth and Sports of Egypt, Ashraf Sobhy, Lt. ...
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Abu Dhabi / WAM The investment portfolio of UAE-based banks amounted to AED64 billion ($17.42b) in the first nine months of 2019, hitting a total record of AED397.3 billion by the end of September, according to figures revealed by the central bank of the UAE. The growth trajectory is driven by a 19.4 percent jump in banks’ investments in securities ...
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DUBAI / WAM Dubai mutual trade with Brazil in 2018 made around AED5.6 billion, with AED5.2 billion in imports, AED136 million in exports and AED234 million in re-exports. According to statistics released by Dubai Customs in conjunction with the visit of the Brazilian President, Jair Bolsonaro to the UAE, trade with Brazil touched AED3.6 billion in the first half of ...
Read More »Abu Dhabi / WAM Abu Dhabi National Insurance Company (Adnic) reported AED194.4 million in net profit in Q3-2019, a 11.1 percent growth on the comparable period last year. The shareholders’ equity increased by 5.1 percent to AED 2.21 billion as of September 30, compared to AED2.10 billion as of December 31, 2018. For the nine-month period ended September 30, Adnic’s ...
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Abu Dhabi / WAM Under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, and Chairman of The Abu Dhabi Agriculture & Food Safety Authority (Adafsa), the tenth edition of Sial Middle East, the exclusive regional food, beverage and hospitality trade event, will run from December 9-11 at the Abu Dhabi ...
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Dubai / WAM Slovenian Foreign Minister Miro Cerar is currently on a working visit to UAE, with first stop being the site of Expo 2020 in Dubai, where he met Reem bint Ibrahim Al Hashemy, Director-General of Expo 2020 Dubai, reported the Slovenian Press Agency (STA), quoting the country’s foreign ministry. “Cerar visited the site of the future world exposition ...
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Dubai / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved a zero-deficit federal budget of AED61.354 billion for 2020 fiscal year. This is the largest budget since the establishment of the UAE. About 31 percent of the budget is allocated to ...
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Dubai / WAM Within one year of its launch, KhalifaSat captured 7,250 high-quality images and was able to complete 5,431 low Earth orbits, and communicated with the ground station at the Mohammed bin Rashid Space Centre (MBRSC), 906 times to send information and images, and receive updates. KhalifaSat sent 355 terabytes of data to the MBRSC’s ground station from across planet ...
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DUBAI / WAM Businesses in Dubai are confident of closing the year on improved revenues and a stronger footing with economic growth expected to gain momentum during the months ahead. The quarterly business survey of Dubai Economy showed that the Composite Business Confidence Index (BCI), of local businesses increased 14.9 points and reached 129.8 points in the third quarter of ...
Read More »ABU DHABI / WAM The United Arab Emirates has characterised news of US military action targeting Daesh leader Abu Bakr Al Baghdadi as a positive step towards strengthening international counter-terror efforts. In a statement released by the Ministry of Foreign Affairs and International Cooperation on Tuesday, Dr Obaid Al Ketbi, Assistant Foreign Minister for Military and Security Affairs, said, “The ...
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