June, 2021

• 28 June

  Yahsat announces offer price range for IPOs

  Abu Dhabi / WAM Al Yah Satellite Communications Company on Sunday announced the opening of the subscription period for the Initial Public Offering (IPO) of part of its existing shares on June 27, which will continue until Tuesday, July 6, for individuals and other investors in the UAE (as part of the UAE retail offering). The offering will continue until ...

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• 28 June

  UAE launches new initiative to enhance public-private tie ups

  

  Dubai / WAM The Government Development and the Future Office of the UAE government has launched ‘Future Partnerships’, a unique initiative, and the first-of-its-kind in the region, that engages leading private-sector firms to actively participate in preparing for, and shaping, the future of the UAE. The initiative is a platform where the government and private firms in the UAE can ...

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• 28 June

  DP World facilitates export of Conares’ rebar to N America

  

  Dubai / WAM DP World UAE Region, the leading smart trade enabler’s flagship Jebel Ali Port, carried out the export of 75,000 metric tonnes of rebar for Conares, the leading steel manufacturer in the Middle East. The consignment was shipped from the Jebel Ali Port to North America. With this export, DP World UAE Region and Conares collaborated to contribute ...

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• 28 June

  SCMC, Unicef to strengthen cooperation

  ABU DHABI / WAM Reem bint Abdullah Al Falasi, Secretary-General of the Supreme Council for Motherhood and Childhood (SCMC), met with the Unicef Regional Director for the Middle East and North Africa, Ted Chaiban, to strengthen their partnership and cooperation, to ensure the protection of children’s rights. The virtual meeting was attended by Saji Thomas, Child Protection Chief in the ...

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• 27 June

  UAE approves national agenda for non-oil export development

  

  ABU DHABI / WAM The UAE cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved the National Agenda for Non-oil Export Development, an integrated framework for efforts to increase UAE’s foreign trade, promote Emirati products and access new markets all over the world. His Highness ...

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• 27 June

  Chinese insurer Sinosure opens first regional office at DIFC

  

  Dubai / WAM China Export and Credit Insurance Corporation, SINOSURE, has opened it regional office at the Dubai International Financial Centre (DIFC), the first in the Middle East. Sinosure is a state-funded and policy-oriented insurance company established to promote China’s foreign economic, trade development and cooperation on a non-profit basis. It had accumulatively supported more than $5.3 trillion of domestic ...

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• 27 June

  RTA goes paperless with vehicle service certificates

  

  Dubai / WAM Dubai’s Roads and Transport Authority (RTA) has announced paperless transformation in issuing vehicles services related certificates. RTA will discontinue printing 15 types of service certificates relating to vehicle services from all affiliated service providers and will issue and dispatch them via electronic channels (text messages and e-mails). “We migrated the printing of 15 certificates relating to vehicle ...

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• 27 June

  Ras Al Khaimah’s new initiative to boost tourism, investment

  

  Ras Al Khaimah / WAM Ras Al Khaimah Tourism Development Authority (RAK TDA) on Sunday announced a strategic, high-impact investment programme that will position the emirate as one of the most preferred destinations for tourism and investments in affordable luxury. Endorsed by the government of Ras Al Khaimah, the new initiative, SelectRAK, is rolled out in partnership with Arton Capital, ...

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• 27 June

  UAE takes part in G20 Finance Track’s second GPFI meet

  

  ABU DHABI / WAM The UAE participated in the G20 Finance Track’s second Global Partnership for Financial Inclusion (GPFI) meeting, which took place virtually. The meeting discussed the Covid-19 repercussions on remittances, future developments and possible solutions to existing challenges for cross-border payments and remittances, digital financial solutions to promote resilience and financial literacy, and Micro, Small & Medium Enterprises ...

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• 27 June

  Dubai SME launches new business incubator in AUD

  

  Dubai / WAM Dubai SME, the agency of Dubai Economy mandated to develop the small and medium enterprise (SME) sector, in association with the American University in Dubai (AUD), has added a new business incubator to its expanding network of certified business incubators and accelerators. The new incubator at AUD embodies the vision laid down in the 50 Year Charter ...

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