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Bloomberg Bitcoin is flirting with its first back-to-back drop since the start of the year following a poor revenue outlook from technology bellwether Microsoft Corp. that dented wider investor sentiment. The largest token fell as much as 2.5% and was trading at about $22,650 as of 6:11 am in London on Wednesday after edging lower in US hours. A ...
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January, 2023
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25 January
President appoints Abu Dhabi Executive Council members
Abu Dhabi / WAM In his capacity as the Ruler of Abu Dhabi, President His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued a resolution to appoint members of the Abu Dhabi Executive Council. The resolution stipulates the appointment of Mohamed Ali Al Shorafa, member of the Abu Dhabi Executive Council, as the Chairman of the Department of ...
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25 January
Edge invests $14mn in UK firm High Lander
Abu Dhabi / WAM The UAE’s Edge group has announced a strategic investment in High Lander, the company behind Universal UTM, a drone-agnostic unmanned traffic management solution which provides the automation, coordination, and safety much needed in increasingly crowded skies. The $14 million investment creates a ground-breaking partnership and is already forging ongoing deals and high-value opportunities in both the ...
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25 January
India-UAE summit calls for economic tie-ups to drive development plans
Dubai / WAM Celebrating the special economic relations between India and the UAE, Dubai Chambers on Tuesday hosted the India-UAE Partnership Summit at its headquarters in Dubai. Hon. Piyush Goyal, Minister of Commerce and Industry, Government of India, inaugurated the summit with an opening keynote where he highlighted that the UAE-India Comprehensive Economic Partnership Agreement (CEPA) has given a ...
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25 January
SIF 2023 brings together 50 international speakers
Sharjah / WAM The highly-anticipated 6th edition of the Sharjah Investment Forum (SIF), organised by the Sharjah FDI Office (Invest in Sharjah), is set to take place on February 8-9 at the Jawaher Reception and Convention Centre in Sharjah. The annual event brings together a distinguished list of local and international officials, thought leaders, and economic experts to deliberate ...
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25 January
Dubai reports AED1.5b realty deals in one day
Dubai / WAM Dubai real estate market recorded 520 sales transactions worth AED1.22 billion, in addition to 72 mortgage deals of AED216.8 million, and 15 gift deals amounting to AED98.13 million on Tuesday, data released by Dubai’s Land Department (DLD) showed. The sales included 440 villas and apartments worth AED902.79 million, and 80 land plots worth AED321.11 million. The ...
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24 January
UAE cuts fees for 14 services to enhance business environment
Abu Dhabi / WAM The Ministry of Industry and Advanced Technology (MoIAT) has reduced the fees for 14 main and sub services and waived the fee for one service as of January 1. The move aligns with the objectives of the ‘’Make in the Emirates” initiative to create an attractive business environment for local and international investors and support ...
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24 January
Abu Dhabi to host Fortune Global Forum 2023 in Nov
Abu Dhabi / WAM The UAE’s Capital will host the 2023 Fortune Global Forum from November 27-29, for the first time in the Middle East and North Africa (Mena), the Abu Dhabi Department of Economic Development (Added) announced. Held under the theme ‘A New Era for Business’, the forum will address global agendas currently including market and trade dynamics, ...
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24 January
Edge invests $14 million in UK firm High Lander
Abu Dhabi / WAM The UAE’s Edge group has announced a strategic investment in High Lander, the company behind Universal UTM, a drone-agnostic unmanned traffic management solution which provides the automation, coordination, and safety much needed in increasingly crowded skies. The $14 million investment creates a ground-breaking partnership and is already forging ongoing deals and high-value opportunities in both the ...
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24 January
Emerging World to set up AED110m manufacturing facility of Pran in Kezad
Abu Dhabi / WAM Khalifa Economic Zones Abu Dhabi (Kezad) group announced that it has signed an agreement with Emerging World FZC, the sole importer of Pran-RFL Group’s products in the Middle East region, to establish a Programme for Rural Advancement Nationally (Pran) manufacturing plant catering to local and regional markets. The AED 110 million facility, developed in multiple phases, ...
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