March, 2016

• 23 March

  UAE first Arab country to ratify Trade Facilitation pact

  ABU DHABI / WAM The United Arab Emirates concluded ratifying the Trade Facilitation Agreement and notified the World Trade Organisation (WTO) of acceptance of the agreement, becoming the first Arab country to do so. Sultan bin Saeed Al-Mansouri, Minister of Economy, said that the Trade Facilitation Agreement is one of the most important agreements within the WTO multilateral trading system. ...

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• 23 March

  ADCB first to sign escrow account deal with DMA

  

  ABU DHABI / WAM Following the announcement of the Real Estate Law No. (3) of 2015 in the capital, Abu Dhabi Commercial Bank, ADCB, obtained the first escrow agent registration certificate from the Department of Municipal Affairs (DMA), upon signing the agreement with the governing body. Real Estate Law No. (3) was issued to adopt the real estate escrow regulations, ...

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• 23 March

  Abu Dhabi to host The Bett Mideast Leadership Forum

  ABU DHABI / WAM Abu Dhabi will host more than 1,000 influential education leaders, practitioners and industry experts from around the world during the Bett Middle East Leadership Forum and Expo to be held on April 6-7, where the future of education will be debated and discussed. Taking place in partnership with the Abu Dhabi Education Council (ADEC), the event ...

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• 23 March

  This GENIE will help you unwind in hotel!

  

  RITIKA SHARMA / EMIRATES BUSINESS Imagine having a GENIE at your disposal doing almost all your jobs as you relax in your comfy hotel room – from booking a spa appointment to informing you about play area access time for your kids. Address Hotels + Resorts, a five-star premium hotel brand of UAE-based Emaar Hospitality Group, is drawing on the ...

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• 23 March

  Dubai Chamber signs MoU

  DUBAI / WAM Dubai Chamber of Commerce and Industry signed a Memorandum of Understanding, MoU, with Hamburg Chamber of Commerce to increase cooperation and promote strategic partnerships to increase trade exchange which was valued at 6.3 billion euros between Hamburg and the UAE in 2015.

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• 23 March

  AUBL’s license 1 category

  ABU DHABI / WAM Dubai International Financial Centre on Wednesday welcomed Ahli United Bank Limited (AUBL), a 100 percent subsidiary of Ahli United Bank B.S.C., as the first bank in the GCC region to receive the Category 1 license from the Dubai Financial Services Authority (DFSA). On opening the new quarters of the bank in DIFC, Essa Kazim, Governor of ...

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• 23 March

  Mohammed reviews AED8bn One Central project

  

  His Highness Sheikh Mohammed was briefed by Helal Saeed Al Marri, Director General of the Dubai World trade Centre Authority, who explained that the One Central project, which is being built on land area estimated at more than half a million square meters in the vicinity of Dubai World Trade Centre, includes buildings, residential, hospitality and commercial towers, recreational and ...

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• 23 March

  AUBL to launch ops at Dubai Int’l Financial Centre

  

  DUBAI / WAM Dubai International Financial Centre on Wednesday welcomed Ahli United Bank Limited (AUBL), a 100 percent subsidiary of Ahli United Bank B.S.C., as the first bank in the GCC region to receive the Category 1 license from the Dubai Financial Services Authority (DFSA). On opening the new quarters of the bank in DIFC, Essa Kazim, Governor of DIFC, ...

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• 23 March

  UAE’s non-oil trade with Australia reaches US$2bn

  ABU DHABI / WAM The UAE’s non-oil trade with Australia stood at US$2 billion in the first nine months of 2015, making Australia one of its major strategic trading partners, Sultan bin Saeed Al Mansouri, Minister of Economy, said during a meeting with Australian Ambassador to the UAE, Arthur Spyrou, on Wednesday. He said there were 48 Australian companies, 60 ...

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• 23 March

  Ministry approves AED12mn marriage fund

  ABU DHABI / WAM The Ministry of Community Development has approved the order for payment of the 1st batch of the Marriage Fund’s grant for the current year. A total of 358 recipients will benefit from the grant, with a total amount exceeding AED12 million. The money allocated for each beneficiary has been transferred to their bank accounts, and an ...

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