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  Bloomberg Saudi Arabia’s main state grain buyer SAGO said on Thursday it was seeking to purchase 595,000 tonnes of hard wheat from global suppliers in an international tender. The deadline for submitting offers was 2359 Saudi time (2059 GMT) on Oct. 14, with the wheat due to be shipped between Dec. 1, 2016 and Jan. 30, 2017, it said. ...

  Dubai / WAM The founding committee of the Dubai Islamic Economy Development Centre (DIEDC) is in advanced discussions with the Central Bank of the United Arab Emirates (UAE) regarding provisional approval for an Islamic wholesale banking license for Emirates Trade Bank, the centre announced on Wednesday. Emirates Trade Bank will be the first of its kind global Sharia-compliant bank ...

  ABU DHABI / WAM A law on the protection, discovery, preservation, management and promotion of the emirate’s cultural heritage and non-UAE physical cultural heritage was issued by President His Highness Sheikh Khalifa bin Zayed Al Nahyan in his capacity as Ruler of the Emirate of Abu Dhabi. The law governs the mandate of the Abu Dhabi Tourism and Culture ...

  Dubai / WAM Dubai Customs and General Administration of Kuwait Customs have agreed to set up an electronic integration system for exchange of customs intelligence information and automated clearance of goods imported to Kuwait from Dubai ports, and vice versa. The system, scheduled for implementation early in 2017, will allow the interchange of risk information gathered from processing customs ...

  Dubai / WAM The Dubai Municipality on Wednesday launched its corporate policy on climate change in support of the goals and directives of Vice President and Prime Minister of UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum and his vision for green sustainable development for the Emirate of Dubai. The Dubai Municipality’s climate change ...

  Dubai / WAM Emirates NBD on Wednesday launched the bank’s pilot blockchain network for banking services, a first for any private sector entity in the UAE. This was accomplished after it successfully completed a proof of concept blockchain network for international remittances and open account trade finance, in partnership with ICICI Bank Limited, India’s largest private sector bank by ...

  Dubai / EMIRATES BUSINESS An Investment Promotion and Protection Agreement (FIPA) was signed between the UAE and Antigua and Barbuda on Wednesday. The agreement was signed during a meeting between HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chairman of Emirates Group, and Gaston Browne, Prime Minister of Antigua and Barbuda, where they ...

  Dubai / Emirates Business Fears of an imminent disruption to traditional banking from the financial technology sector are overblown, with a collaborative approach being the most likely way forward, according to experts at the Global Islamic Economy Forum being held in Dubai. Speaking at a plenary session titled: The Tesla of finance is coming: are Islamic banks ready for ...

  Abu Dhabi / WAM The UAE, under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, is committed to consolidating Arab joint action to realise the aspirations of the Arab people for development, building and stability, and supporting the Arab League’s efforts to serve Arab issues. “Understanding the gravity of challenges facing the Arab nation and their ...

  Istanbul / WAM Energy ministers of members from the Organisation of the Petroleum Exporting Countries (OPEC) will not take any decisions at a meeting on Wednesday as it is a consultative meeting, UAE Ministry of Energy Suhail bin Mohammed Faraj Faris Al Mazrouei said. “Oil prices have more challenges ahead. All those factors are positive for the balance of the ...