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Abu Dhabi to host 2020 Future Energy Summit

ABU DHABI / WAM The World Future Energy Summit, will host an unrivalled gathering of top-level government and business leaders when it returns to Abu Dhabi in January 2020, further reinforcing its place as the leading global event and business marketplace for future energy, clean tech and sustainability. Hosted by Masdar and part of Abu Dhabi Sustainability Week, the World ...

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Aafaq Islamic launches Sharia-compliant cards

Dubai / Emirates Business Aafaq Islamic Finance, in collaboration with Mastercard, has launched unique Sharia-compliant credit cards, boosting its retail segment and capturing the growing credit card market in the country. Aafaq’s retail business expansion is in response to the increasing demand for Sharia-compliant banking products and services in the country, where over 50% of customers use Islamic banking products. ...

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UAE spends AED65.74b on social benefits in ’18

ABU DHABI / WAM According to statistics from the Ministry of Finance, the UAE’s total spending on social benefits in 2018 amounted to AED65.74 billion, accounting for 16.8 percent of government spending. This figure highlights the importance of social development to the agendas of the federal government and local governments, in line with the UAE Vision 2021 and the country’s ...

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