News

Ajman eyes tourism, biz growth with China ties

  Ajman / Emirates Business A Memorandum of Understanding (MOU) to promote tourism growth in the emirate and enhance business opportunities was signed between the Ajman Tourism Development Department (ATDD) and Gulf Chinese Trading Corporation. HE Faisal Al Nuaimi, General Manager of ATDD and Feng Luo, General Manager of Gulf Chinese Trading Corporation, operator of Ajman China Mall signed the ...

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Emirates NBD backs financial programme for people with disabilities

  Dubai / Emirates Business Emirates NBD, one of the leading banking groups in the region, is partnering with Integreat Center, a newly founded educational institution for young adults with disabilities, to fund their ‘Money Management’ programme, aimed to teach students with disabilities about financial literacy and enable them to further their financial independence. Under its Together Limitless platform, the ...

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Dubai Culture to mark a decade of success

  Ajman / Emirates Business Dubai Culture and Arts Authority (Dubai Culture), the Emirate’s dedicated entity for culture, arts and heritage, will be celebrating a decade of success with the 10th edition of the Dubai Festival for Youth Theatre. The upcoming festival, which will run for 10 days from the October 22 to 31, is expected to attract a significant ...

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Al Qattara Arts Centre takes part in Al Ain Book Fair

  Al Ain / Emirates Business Al Qattara Arts Centre, operated by Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) as a creative arts hub and gallery in Al Ain’s historic Al Qattara fort, is contributing to Al Ain Book Fair (AABF) with a wide range of cultural and arts activities. Highlights of the Al Qattara Arts Centre Pavilion ...

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du demonstrates e-SIM for first time in ME

  Dubai / Emirates Business UAE-based telecommunications service provider, du, demonstrated e-SIM for the first time in the Middle East, in collaboration with Gemalto, the world leader in digital security. Demonstrated during a roundtable held on Wednesday at the Grand Midwest Hotel in Media City, the e-SIM initiative will enable du’s subscribers to activate the e-SIM on any device over ...

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Slowdown alarm: WTO cuts global trade forecast to 1.7%

  Geneva / AFP The World Trade Organization on Tuesday downshifted its global trade forecast, warning that anti-globalisation rhetoric and Brexit were pushing trade growth to its slowest pace since the financial crisis. The warning comes as talks on a landmark free trade deal between the European Union and United States battle stiff opposition and as Britain’s EU exit causes ...

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Abu Dhabi-Sino Investment Forum attracts over 250 bizmen, investors

  Abu Dhabi / WAM The Abu Dhabi-Sino Investment Forum, organised by the Abu Dhabi Department of Economic Development (ADDED) at Crown Plaza Hotel in Abu Dhabi on Tuesday, attracted more than 250 businessmen and investors. The event was also attended by Sheikh Nahyan bin Hamdan bin Mohammed and Chinese officials. The Acting Under-Secretary of the ADDED, Khalifa bin Salem Al ...

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Hamriyah gets $100mn petroleum storage facility

  SHARJAH / WAM Saud Salim Al Mazrouei, Director of Hamriyah Free Zone Authority, HFZA, and Sharjah Airport International Free Zone, SAIF Zone, recently inaugurated a US$100 million petroleum storage terminal for Sharafco Group at the Hamriyah Free Zone. With 16 storage tanks, the new facility has a capacity to store 80,000 cubic metres of oil. It is equipped with ...

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Ministry of Climate Change to sponsor Carbon Ambassadors’ project

  DUBAI / WAM The Ministry of Climate Change and Environment will sponsor the Sustainable Agriculture Container, a project developed by the second batch of the Carbon Ambassadors Programme, the Dubai Electricity and Water Authority (DEWA) has announced. The project aims to transform used service containers into sustainable agricultural containers, to spread environmental awareness, and encourage people to adopt an ...

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UAE Central Bank announces M1 increases to AED473.3bn

  ABU DHABI / WAM The UAE Central Bank has announced that the Money Supply aggregate M1, increased by 0.7%, from AED469.8 billion at the end of July 2016 to AED473.3 billion at the end of August 2016. The Money Supply aggregate M2, decreased by 0.6%, from AED1191.2 billion at the end of July 2016 to AED1183.9 billion at the ...

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