May, 2016

• 15 May

  Mohamed orders US$20 million aid for Yemen

  

    Abu Dhabi / WAM In implementation of the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, directed the allocation of US$20 million to be invested in support of the small and medium enterprises sector ...

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• 15 May

  Hosting Brazilian entrepreneur

    SHARJAH / WAM Organised in partnership with Sharjah Business Women Council, the May edition of the Arabian Business StartUp Academy Sharjah Series will host Bel Pesce, founder of FazINOVA innovation and entrepreneurship school, and author of the popular e-book, ‘The Girl from Silicon Valley: How Entrepreneurship Can Change Lives’. Hosted at the Sharjah Chamber of Commerce and Industry, the ...

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• 15 May

  Dubai to hold Smart forum

    DUBAI / WAM Dubai is set to host the 22nd edition of GCC Smart Government and Smart Cities Conference from May 21-25 at the Ritz-Carlton in Dubai with wide regional and international participation. Ali Al Kamali , president of the organising committee, said that preparations are on schedule for the conference which is being held under the theme, “Towards an ...

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• 15 May

  DLD succeeds at London’s Dubai Property Show

    DUBAI / WAM Dubai Land Department (DLD) reported a successful participation at Dubai Property Show, which concluded in London on Sunday. Taking a major stand at the exhibition, which ran from May13-15 in Great Britain’s capital, DLD reported a large number of visitors and investors inquiring about the opportunities to invest in Dubai’s burgeoning real estate market. DLD’s participation ...

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• 15 May

  Abu Dhabi focussing on diversification

  

    Abu Dhabi / WAM The fourth session of Abu Dhabi-Japan Economic Council kicked off on Sunday under the co-chairmanship of Yosuke Takagi, the Japanese State Minister of Economy, Trade and Industry, and Ali Majid Al Mansouri, Chairman of the Department of Economic Development (ADDED). Al Mansouri added that Abu Dhabi enjoys now a fast growing economy where the actual GDP ...

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• 15 May

  Science comes alive at ‘Innovation Exhibition’

  

    Alkesh Sharma / Emirates Business Tiny sensors keeping an incisive tab on your fitness regime, intelligent devices assisting visually impaired to navigate freely without any external support, high-tech models to crack future parking snags and wearable technologies finishing daily chores in a much cooler manner — ‘Innovation Exhibition 2016’ of Khalifa University, in Abu Dhabi, certainly paints a picture-perfect ...

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• 15 May

  Emirates Islamic completes $50mn Collateralised Murabaha

  

    Dubai / WAM Emirates Islamic, one of the leading Islamic financial institutions in the UAE, and Natixis, a leading financial institution headquartered in France, on Sunday announced the completion of a US$50 million Collateralised Murabaha deal on the Nasdaq Dubai Murabaha Platform. As the largest collateralised Murabaha transaction closed by Emirates Islamic this year, and the first of its kind ...

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• 15 May

  Barclays Africa to attract Abraaj-led group for stake

  

    Bloomberg Buyout firm Abraaj Group is leading a group of investors planning to bid for a minority stake in Barclays Plc’s African unit, according to people familiar with the matter. Abraaj is working with financial advisers and is in discussions to team up with other investors, the people said, asking not to be identified as the information is private. ...

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• 15 May

  National Bank of Kuwait says $473.2mn capital hike starts

    DUBAI / Reuters The subscription period for National Bank of Kuwait’s proposed capital increase will commence on Wednesday, the Gulf state’s largest commercial lender said in a bourse statement. The rights issue will be worth around 137.6 million dinars ($473.2 million) according to Reuters calculations. The subscription period will close on June 16, the bourse statement from the lender ...

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• 15 May

  India approaches Halkbank to handle oil payment to Iran – Fars

    DUBAI / Reuters India has approached Turkey’s Halkbank to faciliate the payment of $6.5 billion to Iran, which it owes for crude oil imports, Iran’s Fars news agency quoted India’s ambassador to Tehran as saying on Saturday. “The Indian government is seeking to pay the $6.5 billion debt and is looking to prepare the banking activities. The receiving bank ...

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