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UAE amends law to boost family-owned businesses

ABU DHABI / WAM The UAE cabinet approved a draft law amending provisions within the nation’s Federal Law No. 18 of 1981, otherwise known as the ‘Agency Law’ that regulates commercial agency and distribution agreements within the country. According to a statement released on Saturday by the UAE Cabinet General Secretariat, the amendments come within the framework to enhance the ...

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Adek awards AED40mn in ‘research’ funding for 2020

ABU DHABI / WAM In line with the Abu Dhabi Department of Education and Knowledge (Adek), mandate to foster and grow a world-class academic research ecosystem in Abu Dhabi, Adek has announced that it has awarded over AED40 million in competitive funding to 54 successful research and development proposals. The seven key sectors are Life Sciences (Health, Food and Agriculture), ...

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China’s factories hold up economic growth despite broad weakness

Bloomberg Chinese manufacturers offered the biggest support to the country’s economic stabilisation in the last three months of 2019, thanks to easing trade tensions and improving global demand. Output in industrial enterprises rose 5.9% from same period in 2018, National Bureau of Statistics said on Saturday, bouncing back from an almost decade-low of 5% in the prior quarter. Manufacturers, accounting ...

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