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Bloomberg UK stocks suffered record annual outflows in 2022, marking the seventh year in a row that investors have fled the country’s markets. UK equity funds have had $26.3 billion of redemptions so far this year, according to data from EPFR Global. That coincides with a slump of 20% for the domestic-skewed benchmark FTSE 250 Index, the most since 2008. ...
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December, 2022
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23 December
Emirati, Kazakh ties a successful model of bilateral cooperation
Abu Dhabi / WAM Madiyar Menilbekov, Ambassador of Kazakhstan to the UAE, stressed that the ambitious objectives, similar aspirations and mutual respect of the UAE and Kazakhstan have strengthened their bilateral relations. At a press conference held at the embassy’s headquarters in Abu Dhabi for the launch of a book on the 30th anniversary of the establishment of diplomatic ...
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23 December
Digital economy in GCC region advancing rapidly
Muscat / WAM Saeed bin Hamoud Al Maawali, Omani Minister of Transport, Communications and Information Technology, stressed that the digital economy of the Gulf Cooperation Council (GCC) region is advancing at a rapid and significant pace, noting its major importance to GDP. He also noted the importance of promoting cooperation between the GCC and its international partners to increase the ...
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23 December
Dell Technologies, G42 Cloud ink deal to accelerate digital transformation efforts
Dubai / WAM Dell Technologies and G42 Cloud have signed a memorandum of understanding (MoU) to help customers in the UAE accelerate their digital transformation drive by collaborating on cloud, security and IT and managed services. The MoU was signed by Walid Yehia, General Manager – UAE, Dell Technologies, and Talal Al Kaissi, CEO of G42 Cloud, at the ...
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23 December
UAE, Canada to enhance ties in transport sector
Abu Dhabi / WAM Abdullah bin Touq Al Marri, Minister of Economy, highlighted the deep-rooted relations between the UAE and Canada, and noted that they have witnessed significant overall growth, aided by the support of their leadership. He made this statement during his meeting with Omar Alghabra, Canadian Minister of Transport, at headquarters of Ministry of Economy in Dubai. ...
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23 December
Emirati women entrepreneurs own businesses worth AED60b
Sharjah / WAM A survey conducted by Nama Women Advancement, in partnership with UN Women, found that 77.6% of women-owned businesses (WOB) in the UAE are led by those under the age of 40. Of the 1,000 female business owners who took part in the survey, 48.8% are CEOs and 61.4% are sole proprietors, a clear indicator that Emirati entrepreneurs, ...
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22 December
Deal signed to accelerate digital transformation efforts in UAE
Dubai / WAM Dell Technologies and G42 Cloud have signed a memorandum of understanding (MoU) to help customers in the UAE accelerate their digital transformation drive by collaborating on cloud, security and IT and managed services. The MoU was signed by Walid Yehia, General Manager – UAE, Dell Technologies, and Talal Al Kaissi, CEO of G42 Cloud, at Dell ...
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22 December
UAE economy survived economic impact of Covid-19, says IMF official
Abu Dhabi / WAM The UAE economy has quickly survived the economic impact of the Covid-19, with near-term economic growth being strong, underpinned by a rebound in domestic activity, while elevated oil prices support high surpluses in the fiscal and external balances, according to a top IMF official. “Economic growth has been robust this year, led by a strong ...
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22 December
UAE launches corporate tax public awareness program
Abu Dhabi / WAM The Ministry of Finance (MoF) has launched a Corporate Tax Public Awareness Programme following the issuance of the Federal Decree-Law on Taxation of Corporations and Businesses. The launch of the programme was announced during a media briefing held on Thursday by the ministry to raise public awareness of corporate tax in the UAE and abroad. ...
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22 December
Sharjah’s SRTI Park to up investment in 3D printing
Sharjah / WAM The Sharjah Research, Technology and Innovation Park (SRTIP) is increasing the investment in 3D printing with the goal of promoting innovation in a number of sectors and industries, including the crucial manufacturing sector. With the UAE becoming a global competitor in the field of 3D printing, Sharjah is steadily moving towards taking a frontline position in this ...
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