DUBAI / WAM The Ministry of Finance (MoF) assigned Emirates Development Bank (EDB) to create an electronic register to publicise related rights to ‘Mortgage of Movable Property’. Khalid Ali Al Bustani, Assistant Under-Secretary of International Financial Relations Sector at the ministry and Rashid Mahboob Misbah, Acting CEO of EDB, in Dubai signed an agreement to this effect. The collaboration aims ...
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ABU DHABI / WAM Abu Dhabi has been named the second-best city in the world to live, work and do business in, overtaking both London and Paris and moving up two places since the last Ipsos City Index. More than 18,000 people, aged between 16 and 64, in 26 countries worldwide were interviewed for the Index, with New York maintaining ...
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ABU DHABI / WAM The UAE equity markets on Sunday continued their bullish trend which started last week, with the positive mood prevailing over all sectors led by the property market which posted robust growth in the run-up towards the announcement of the 2017 H1 financial results by leading companies. With the market capitalisation of trading companies gaining AED4.1 billion, ...
Read More »Dubai / WAM The Ministry of Finance (MoF), signed a final agreement for the avoidance of double taxation with the Republic of Cameroon at the Ministry’s premises in Dubai on Sunday. The agreement comes in line with the ministry’s strategy to strengthen bilateral trade and economic relations between the two countries, in order to expand its network of international relations ...
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Dubai / Emirates Business Mashreq, one of the leading financial institutions in the UAE, has reported its financial results for the first half ending June 30, 2017. Net profit for the first half stood at AED 1.1 billion — a 3.0% increase YoY. Impairment allowance was down by 22.3% YoY. Mashreq’s best-in-class non-interest income to operating income ratio remained high ...
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ABU DHABI / WAM The UAE Pavilion at Expo 2017 Astana, managed and supervised by the National Media Council (NMC) witnessed widespread interest from a broad range of international VIP’s and visitors since its opening on 10th June, reac- hing 150,000 during its first month. The pavilion at Expo 2017 Astana, held under the theme ‘Future Energy’, represents an ideal ...
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ABU DHABI / WAM Masdar, Abu Dhabi’s renewable energy company, and the leading Indonesian power company PT Pembangkitan Jawa-Bali (PT PJB), signed a Memorandum of Understanding (MoU), to explore areas of collaboration on renewable energy projects in Indonesia. Experts from Masdar and PT PJB will work together to identify opportunities to meet Indonesia’s rapidly growing energy demand, together with its ...
Read More »SHARJAH / WAM Sharjah Islamic Bank (SIB), has posted a net profit of AED 272.9 million for the first half of 2017 compared to AED 257.0 million for the same period last year, with an increase of 6.2 per cent. Total assets reached AED 36.9 billion at the end of the 2nd quarter 2017 compared to AED 33.5 billion at ...
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ABU DHABI / WAM Foreign investors’ purchases at Abu Dhabi Securities Exchange (ADX) amounted to AED2.114 billion in June 2017, accounting for 55.4% of total buy trades, with their sales staying at AED1.871 billion, comprising 49.1% of total sell trades, bringing to AED243 million the net foreign investments at ADX during the month. In the meantime, institutional investments for the ...
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Abu Dhabi / Emirates Business An unprecedented number of opportunities for Minister-to-global business leader strategic dialogue, along with a record number of expert submissions on a wide range of industry challenges and trends, will see the world’s energy leaders converge on the UAE capital for the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2017, later this year. Held under ...
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