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Brunei urged to tap region’s growing Islamic finance

Bandar Seri Begawan / DPA Brunei should take advantage of the region’s growing Islamic finance industry which is set to develop even further with the support of large Muslim populations in Southeast Asia. In an interview, Jeff Pirie, a senior partner from auditing firm Deloitte Singapore, said that Islamic finance is a good area where Brunei can build expertise outside ...

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Taiwan confident about TPP membership

Taipei / DPA Taiwan is confident that it will be accepted into the Trans-Pacific Partnership (TPP) free trade bloc, a minister-designate who will be in charge of trade talks for the incoming government said yesterday. Shih Jun-ji, who has been named as a minister without portfolio of the incoming Cabinet, said the TPP membership will not be the only task ...

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Japan to sell dietary supplements at low prices

Tokyo / DPA Japan will launch a project under which the public and private sectors will join hands in selling dietary supplements and seasonings at low prices to developing countries in Africa and other areas, in a bid to improve nutrition in those countries, Japanese government sources said. The project is also expected to help Japanese food manufacturers start operations ...

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Masdar Free Zone spurs diversification

ABU DHABI / WAM Masdar City in Abu Dhabi, one of the world’s most sustainable urban developments, is widely associated with the Masdar Institute of Science and Technology, the world’s first graduate-level university focussing on advanced energy and sustainable technologies. With the successful evolution of its business Free Zone and Investment Zone, the development is also increasingly associated with Abu ...

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India offers e-tourist visas to UAE travellers

Abu Dhabi / WAM The Ministry of Foreign Affairs and International Cooperation (MOFAAIC) announced on Thursday that UAE citizens, whose sole purpose of visiting the Republic of India is tourism, can benefit from the E-Tourist Visa scheme (eTV). Citizens of the United Arab Emirates can apply online for eTV which shall be granted through email. The applicants should carry a ...

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Oil drops after gains

London / AFP World oil prices slid on Thursday after rallying sharply the previous day following the first drop in US inventories for seven weeks. Around 1700 GMT, US benchmark West Texas Intermediate (WTI) for delivery in May lost 96 cents to $36.79 per barrel. Brent North Sea crude for June delivery shed 93 cents to $38.91 a barrel compared ...

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Shurooq to showcase Sharjah economic vision at AIM 2016

Sharjah / WAM Sharjah Investment and Development Authority (Shurooq) announced that it will silver-sponsor the Annual Investment Meeting (AIM) 2016, the global economic event which is organised annually by the UAE Ministry of Economy in Dubai. The 6th edition of AIM will be held under the theme: ‘The New World of FDI, Key Features and Best Practices’ from April 11-13, ...

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Smart homes under cyber threat

Sunaina Rana / Emirates Business Smart homes technology is undergoing boom across the UAE, but at the same time it brings along many apprehensions. Industry experts have rung the security alarm and asked for the secure upkeep of personal details of the stakeholders. They advised the consumers to stay more vigilant while sharing private data with cyber companies involved in ...

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UAE joins international think-tank on education

Abu Dhabi / OUR CORRESPONDENT Microsoft announced that the UAE will be the founding member of a global initiative called ‘Leading Countries of the World in Transforming Education’, a programme that will bring together trend-setting education ministries and high-level leaders from around the world, to collaborate on the future of learning. The UAE came up as an undisputed leader when ...

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Dubai AED1.34bn shares sold

DUBAI / WAM Foreign investors purchased AED 1.34 billion worth of shares on Dubai Financial Market (DFM) and sold AED 1.33 billion over the week, DFM said on Thursday. Net foreign investment on the market reached AED 5.2 million, as aggregate buy. Value of shares bought by foreigner investors comprised 42.2 per cent of the total value of stocks traded ...

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