November, 2021

• 11 November

  Emirates Group first half revenue hits AED24.7bn

  

  DUBAI / WAM The Emirates Group on Wednesday announced its half-year results for its 2021/2022 financial year. Group revenue was AED24.7 billion ($6.7 billion) for the first six months of this year, up 81% from AED13.7 billion ($3.7 billion) during the same period last year. This strong revenue recovery was underpinned by the easing of travel restrictions worldwide and the ...

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• 11 November

  Abu Dhabi, Bahrain bourses join hands to boost liquidity

  

  Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX) and Bahrain Bourse (BHB) signed on Wednesday a strategic cooperation agreement that aims to achieve synergies and greater cross border cooperation to enhance market liquidity and to promote the issuance of low-cost investment vehicles. The parties agreed on a strategic plan to implement new measures over the next nine months to ...

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• 11 November

  EDB, NBF strike deal to offer financing solutions to SMEs

  

  Abu Dhabi / WAM The Emirates Development Bank (EDB), on Wednesday announced the signing of a Memorandum of Understanding (MoU) with National Bank of Fujairah (NBF) to offer credit guarantee and co-lending for small and medium-sized enterprises (SMEs) in the UAE. The MoU with NBF is part of EDB’s commitment to boost the SME ecosystem in the UAE and increase ...

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• 11 November

  UAE, Jersey ink pact to promote investments

  Abu Dhabi / WAM As part of its endeavours to strengthen and activate means of economic and investment cooperation with various countries of the world, the UAE, represented by the Ministry of Finance, signed an agreement to promote and protect mutual investments with Jersey. The agreement, which was signed at the ministry’s headquarters in Dubai, aims to encourage foreign investment, ...

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• 11 November

  EDB, NBF ink deal to offer credit guarantee, co-lending for SMEs

  

  Abu Dhabi / WAM The Emirates Development Bank (EDB), on Wednesday announced the signing of a Memorandum of Understanding (MoU) with National Bank of Fujairah (NBF) to offer credit guarantee and co-lending for Small and Medium-sized Enterprises (SMEs) in the UAE. The MoU with NBF is part of EDB’s commitment to boost the SME ecosystem in the UAE and increase ...

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• 11 November

  Nahyan bin Mubarak stresses need for ‘one world, one supply chain’

  

  Dubai / Emirates Business Sheikh Nahyan bin Mubarak Al Nahyan, UAE Cabinet Member and Minister of Tolerance and Coexistence, inaugurated the 6th International Procurement and Supply Chain Conference 2021, in Dubai, which is the biggest of its kind in the Middle East. Emphasising that the need for a closely connected global supply chain network now is even greater, Sheikh Nahyan praised ...

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• 11 November

  UAE sends urgent medical supplies to Sierra Leone

  

  ABU DHABI / WAM The UAE sent an aircraft carrying 16 tonnes of urgent medical aid to Sierra Leone, to mitigate the effects of the humanitarian disaster facing the capital, Freetown, following the explosion of a petrol station, which led to several deaths and injured dozens, most of whom were women and children. The UAE expressed its solidarity with the ...

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• 11 November

  ‘UAE preferred destination for residence, investment’

  

  Dubai / Emirates Business Khalifa Saif Al Muhairbi, Chairman of the Board of Directors of the Arabian Gulf Investment Company, said that the Cityscape Global Real Estate Exhibition at the “Dubai Exhibition Center” in Expo 2020 Dubai from November 9-11 is very important for real estate development and investment companies to introduce their projects. It is also an opportunity for ...

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• 11 November

  UAE endorses policy action agenda for transition to sustainable food, agriculture

  

  Glasgow / WAM Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, announced the UAE’s endorsement of the Policy Action Agenda for Transition to Sustainable Food and Agriculture, at a high-level event on ‘Accelerating a just rural transition to sustainable agriculture for people, climate and nature’ that took place as part of COP26 Nature Day. The document sets ...

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• 11 November

  Europe is experiencing two different pandemics

  

  A year ago, the course of the pandemic changed, thanks to the first safe and effective vaccines against Covid-19. Today, after administering 7.3 billion doses and preventing countless severe deaths, we have more data than ever to justify that early enthusiasm — and the need to keep jabbing. On top of waning immunity and the lifting of restrictions, countries with ...

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