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UAE, China discuss economic coop

ABU DHABI / WAM Abdullah bin Ahmed Al Saleh, Under-Secretary of the Ministry of Economy for Foreign Trade and Industry, discussed with Gao Yan, Vice Minister of Commerce of the People’s Republic of China, and the delegation accompanying him, ways of enhancing bilateral relations in various economic sectors and investment opportunities between the two countries during the coming phase. During ...

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IMF for innovation to boost GDP

Washington / AFP Facing slowing growth in the global economy, the International Monetary Fund (IMF) called on Thursday for policies that support research and development to promote innovation. “Fiscal policy can play an important role in stimulating innovation through its effects on research and development (R&D), entrepreneurship, and technology transfer,” the IMF said in a report ahead of its twice-yearly meeting ...

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Bank of Sharjah assets hit AED27,587 million

SHARJAH / WAM Bank of Sharjah, reported its financial results for the year ended December 31, 2015, showing a continued growth of its loan book while maintaining the solid structure of its balance sheet, with high levels of both liquidity and equity. Total assets reached AED 27,587 million, an increase of 10 percent over the corresponding December 31, 2014 figure ...

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