SHARJAH / WAM Arada, a property development company in Sharjah, has announced that it has secured an AED250 million Islamic facility from Dubai Islamic Bank (DIB) to finance general construction at its Aljada megaproject in the heart of New Sharjah. The credit facility is in addition to an initial AED300 million financing arrangement secured from the bank at the start ...
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Abu Dhabi / WAM This month, young visitors to Kidzania’s outlets at The Dubai Mall and Abu Dhabi’s Yas Mall, will learn how to easily grow healthy fruits and vegetables at home, through a unique interactive experience delivered by Masdar City-based start-up innovation, the HydroArtPod. As part of KidZania’s ‘Kids For A Greener World’ interactive workshop, kids will learn how ...
Read More »Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, stated that developing the digital economy is a major priority for the government. The UAE believes that young minds and national expertise are the main pillars for building a flourishing digital future, based on science, knowledge, innovation ...
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DUBAI / WAM The value of Dubai’s external pharmaceutical and medical supplies trade reached AED6.8 billion for Q1 2021 recording a growth of 31 percent from AED5.2 billion in the same period of 2020, according to statistics released by Dubai Customs. Imports touched AED5.3 billion, exports AED590 million, while exports and re-exports totalled AED1.4 billion. In terms of volume, Dubai ...
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Bloomberg Top officials from the US, Germany and France each expressed confidence that a global tax deal endorsed at the Group of 20 meeting in Venice has enough momentum to overcome political obstacles in Washington and within the European Union (EU) in time for it to be finalised in October. “There’s more work to be done, but I’m really hopeful ...
Read More »New Delhi / WAM India’s Minister of State for External Affairs, who deals with the Gulf and the rest of the Arab world, V Muraleedharan, has held a meeting with Indian ambassadors in the Gulf to discuss initiatives to resume passenger flights to India from their countries of accreditation. “Our ambassadors were requested at that meeting to take up with ...
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Bloomberg Oil falls this week for the first time since May after days of volatile trading in the wake of Opec+’s stalemate over a production increase in the near term. Futures in New York declined 0.8% this week, although the US crude benchmark closed higher amid a broader market rebound. A stronger dollar makes commodities priced in the currency less ...
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Abu Dhabi / WAM The General Civil Aviation Authority (GCAA) and the National Emergency Crisis and Disasters Emergency Management Authority (NCEMA) have announced the suspension of all inbound flights for national and international carriers coming from Indonesia and Afghanistan, effective 11:59 on Sunday, July 11. The travel suspension includes inbound transit passengers except transit flights coming to the UAE and ...
Read More »Abu Dhabi / WAM Etihad Airways launched new seasonal routes to the Greek island of Santorini and the southern Spanish city of Malaga. The two new routes were introduced a day after Etihad’s new summer service to Mykonos, making it three new destinations launched in just over 24 hours. The inaugural Malaga service, EY148, took off at 10:28 and landed ...
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Abu Dhabi / WAM Etihad Airways launched new seasonal routes to the Greek island of Santorini and the southern Spanish city of Malaga. The two new routes were introduced a day after Etihad’s new summer service to Mykonos, making it three new destinations launched in just over 24 hours. The inaugural Malaga service, EY148, took off at 10:28 and landed ...
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