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ABU DHABI / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, has said that tolerance is a solid Emirati approach that was laid down by the Founding Father the late Sheikh Zayed bin Sultan Al Nahyan, and continued under the country’s wise leadership through the consolidation of the values and principles of tolerance, peace and love. Sheikh Nahyan ...

SHARJAH / WAM The Sharjah Airport International Free Zone (Saif Zone), announced that the Germany-based International KG is going to base its regional operations in the free zone, after a lease contract was concluded between both entities. Under the agreement, Schüco will lease 14 warehouses covering a total area of 8,400 square metre, making it the biggest number of warehouses ...

Bloomberg Saudi Arabia plans to boost oil output next month to well above 10 million barrels a day, as the kingdom responds to the collapse of its Opec+ alliance with Russia. The world’s largest oil exporter engaged in an all-out price war by slashing pricing for its crude by the most in more than 30 years. State energy giant Saudi ...

ABU DHABI / WAM Sheikha Shamma bint Sultan bin Khalifa Al Nahyan on Sunday announced the launch of ‘20 for 2020’, an innovative programme launched to drive gender balance at a board-level. Twenty women will have the opportunity to partake in a year-long professional development course while they gain board-level experience. The overarching objective of ‘20 for 2020’ is to ...

Ajman / Emirates Business An audit revealed that 31 percent of the companies currently trading in Ajman Free Zone (AFZ) have been founded by women. Striking a gender balance among employees is a crucial goal for AFZ especially in line with the UAE Gender Balance Council’s vision which seeks to reduce the gender gap across all government sectors as well ...

DUBAI / WAM The Dubai International Financial Centre (DIFC), announced a record growth in 2019, registering an addition of 493 new businesses for the year. The total number of firms in the centre reached 2,437, up 14 percent from 2018, with a total of 32 percent growth since 2017. The DIFC now counts 17 of the world’s top 20 banks, ...

DUBAI / WAM The Department of Finance (DoF), of the government of Dubai on Sunday launched a massive promotional campaign to encourage emirate’s residents to increase their use of smart channels, for paying fees for various government transactions with all Dubai government entities. The campaign is scheduled to start on Sunday and ends on April 7. Abdulrahman Saleh Al Saleh, ...

SHARJAH / WAM The Sharjah Airport International Free Zone (Saif Zone), announced that the Germany-based Schüco International KG is going to base its regional operations in the free zone, after a lease contract was concluded between both entities. Under the agreement, Schüco will lease 14 warehouses covering a total area of 8400 square metre, making it biggest number of warehouses ...

DUBAI / WAM The Business Registration and Licencing (BRL), sector of the Department of Economic Development (DED, Dubai), issued 4,459 new licences in February 2020 that created 11,877 jobs. Among the new licences issued, 72.4 percent were professional, 26.1 percent commercial, 1.1 percent related to tourism and 0.4 percent for industry. Deira accounted for the largest share (2,573), according to ...

Dubai / WAM The UAE Ministry of Economy, in cooperation with the Dubai Future Foundation, organised the Startup Innovation Hackathon at AREA 2071 in Dubai, with the participation of more than 30 startups from across the country and abroad. The hackathon was held in the aim to provide an opportunity for startups and individuals with innovative ideas to take part ...