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Dubai’s week-long realty deals reach AED9.3bn

  DUBAI / WAM The real estate and properties transactions valued at AED 9.3 billion in total during the week ending March 18, according to the Dubai Land Department (DLD). The weekly DLD report said the sum of transactions was 2,400. 355 plots were sold for AED1.33 billion, 1,547 apartments and villas were sold for AED 2.96billion. The top three ...

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Julphar’s 2021 net profit reaches AED63.9 million

  RAS AL KHAIMAH / WAM Gulf Pharmaceutical Industries (Julphar) has reported its year end 2021 financial results, with revenues of AED1,143 million, a 100 percent increase as compared to full year 2020 revenue of AED573 million. The increase is primarily attributable to increased market share in key operating regions including the UAE and Saudi Arabia and the contribution from ...

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UAE, Zimbabwe bilateral trade surges to $1.6 billion in 2021

  Dubai / WAM A 300 percent jump in Zimbabwe-UAE bilateral trade during the past three years and corresponding growth in overall ties reflect the historical partnership between Africa and the Arab world, President of Zimbabwe Emmerson Mnangagwa, told the Emirates News Agency (WAM). “The relations between Zimbabwe and the UAE are growing so fast in all sectors. Three years ...

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DMCC to drive new businesses from UK to Dubai

  Dubai / WAM DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has showcased its flagship “Made for Trade Live” global roadshow in London, United Kingdom, highlighting the significant opportunity of doing business in Dubai for British companies looking to expand internationally. The event saw senior DMCC executives brief 170 ...

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Julphar revenues jump 100% to AED1,143 million in 2021

  RAS AL KHAIMAH / WAM Gulf Pharmaceutical Industries (Julphar) has reported its year end 2021 financial results, with revenues of AED1,143 million, a 100 percent increase as compared to full year 2020 revenue of AED573 million. The increase is primarily attributable to increased market share in key operating regions including the UAE and Saudi Arabia and the contribution from ...

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Ramadan will begin on April 2, last for 30 days

  SHARJAH / WAM Ibrahim Al Jarwan, Chairman of the Board of Directors of the Emirates Astronomical Society, said the Holy Month of Ramadan will begin on Saturday, April 2, and Eid al-Fitr will fall on Thursday, May 2, adding that Ramadan in 1433 Hijri Year is expected to last for 30 days. The city of Khor Fakkan in the ...

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Bloomberg forum discusses UAE’s global growth outlook

  Dubai / WAM The Bloomberg UAE Capital Markets Forum 2022 opened in Dubai, with the participation of local and international government and business leaders discussing the UAE’s global growth outlook, IPO boom and road to net zero. The forum’s three panel discussions assessed the economic impact of the UAE’s expanding trade relationships with fast-growth Asian and African economies, the ...

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DCD launches platform to solve social challenges

  ABU DHABI / WAM The Department of Community Development (DCD) in Abu Dhabi has launched Wyakom, an online platform, that empowers community members to address pressing social challenges. In partnership with Al Tawajud Al Baladi, the first phase of this pilot will focus on the Khalifa City community. The platform will invite residents to identify solutions to specific social ...

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ERC Ramadan programmes benefit 7mn people in Yemen

  ABU DHABI / WAM Around 7,035,000 people have benefited from the Emirates Red Crescent (ERC) Ramadan programmes in six Yemeni governorates, including Shabwa, Hadhramaut, Taiz, Hodeidah, Aden and Socotra, according to an ERC statement. Some 6,870,000 people benefited from the Ramadan Mir and Iftar project, while 165,000 people benefited from the Eid clothing initiatives. The programmes are in implementation ...

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