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DIFC first in Measa region to join forces with Aima

DUBAI / WAM Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (Measa) region, on Tuesday announced it is the first financial centre in the region to enter into an agreement with the Alternative Investment Management Association (Aima), the alternative investment industry’s pre-eminent voice globally, representing over 2,100 corporate members with ...

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UAE minister visits Samsung HQ in Korea, learns about chip manufacturing

SEOUL / WAM Abdullah bin Touq Al Marri, Minister of Economy, led the UAE delegation on a visit to Samsung’s headquarters in the Republic of Korea to learn about the company’s future expansion and investment plans and strengthen its partnership with the UAE market. The minister was received by Oh-Hyun Kwon, CEO and Vice President of Samsung Electronics. The UAE ...

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SCCI unveils 7th edition of Al Dhaid Date Festival

SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) held a press conference to reveal the details of the 7th edition of the Al Dhaid Date Festival. The conference, held at the Al Dhaid Expo Centre, was attended by strategic partners from government departments and institutions. During the conference, Mohamed Ahmed Amin Al Awadi, Director-General, SCCI, emphasised that ...

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Al Baddad Saudi Holding breaks the Guinness World Recordsâ„¢ title for the Largest Marquee Complex (Cumulative Area)

SAUDI ARABIA / GULF TIME Al Baddad Saudi Holding breaks the Guinness World Recordsâ„¢ title for the Largest Marquee Complex (Cumulative Area) Albaddad Capital, through its arm in the Kingdom of Saudi Arabia, Albaddad Saudi Holding and Albaddad Manasik achieved a new and unique achievement by breaking the Guinness World Recordsâ„¢ title for the Largest Marquee Complex (Cumulative Area), as ...

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UAE leaders wish President of Uzbekistan on re-election

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to Shavkat Mirziyoyev on his re-election as President of the Republic of Uzbekistan. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed ...

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ERC intensifies relief efforts for flood victims in Somalia’s Hirshabelle

HIRSHABELLE / WAM The Emirates Red Crescent (ERC) has intensified its humanitarian efforts to support those affected by the floods that hit the Beledweyne area of Hirshabelle, Somalia. In collaboration with relevant authorities in the state, the ERC, through its office in Mogadishu, provided urgent and diverse relief assistance to thousands of affected families suffering after the devastating floods. The ...

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5,000 new healthcare jobs for UAE Nationals

ABU DHABI / WAM The Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the emirate, has set Emiratisation targets “Tawteen” for all healthcare facilities operating in Abu Dhabi to provide 5,000 new job opportunities for UAE nationals until the end of the year 2025. DoH called on all healthcare facilities in the emirate to ...

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UAE’s per capita income rises, ranks 7th globally: World Bank

ABU DHABI / WAM The UAE ranked seventh in the world in terms of per capita national income, according to the latest data released by the World Bank. The per capita income in the UAE, based on purchasing power parity (PPP) in current international dollars, rose to Int$87,729 in July 2022, an increase of Int$10,781 from 2021. The international dollar ...

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Arada reports 186% rise in sales during H1 of 2023 to AED4.26b

SHARJAH / WAM Arada has reported a record-breaking sales performance during the first half of the year, as buyer demand for its lifestyle communities in Sharjah and Dubai continues to gather pace. The master developer posted a 186 percent increase in sales in the first six months of 2023 compared to the same period in the previous year, with the ...

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Deyaar launches Jannat in Midtown Dubai

DUBAI / WAM Deyaar Development PJSC has announced the launch of Jannat, the final residential district of Deyaar’s flagship community project Midtown, which will be completed by Q2 2026. The district of Jannat, with a built-up area of 521,400 square feet (sq ft), comprises two towers seamlessly connected by a bridge and is strategically located at the heart of Midtown ...

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