May, 2019

• 8 May

  ‘Sharjah Majlis’ to focus on state legislations role in attracting FDI

  

  Sharjah / Emirates Business Sharjah Investment and Development Authority (Shurooq), Sharjah Chamber of Commerce and Industry (SCCI) and the Sharjah FDI Office (Invest in Sharjah) will organise the fifth edition of the Sharjah Economic Ramadan Majlis on May 12 at the Al Jawaher Reception and Convention Centre (JRCC) in Sharjah. The Majlis will host discussions on a series of topics ...

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• 8 May

  Amlak posts AED2mn profit in first quarter

  

  Dubai / Emirates Business Amlak Finance PJSC, a leading specialised Islamic real estate financier in the Middle East, on Wednesday announced its financial results for the first quarter ended March 31. The company reported net profit of AED 2 million in Q1 2019 compared to AED 7 million net profit in Q1 2018. The company’s total revenues including unrealised fair ...

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• 8 May

  Al Adil Trading opens its 40th outlet in Abu Dhabi

  

  Abu Dhabi / Emirates Business Al Adil Trading Co LLC, UAE’s leading name for Indian food stuff expanded their presence in the region when they opened the 40th outlet of Al Adil at Khalidiyah, Abu Dhabi. The branch was inaugurated by Shilpa Shetty, the stunning and beautiful Indian actress in the presence of Dr Dhananjay Datar, Chairman, Mrs Vandana Datar, ...

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• 8 May

  Dubai welcomes high-tech cruise ship

  

  Dubai / Emirates Business Dubai welcomed innovative cruise ship, Spectrum of the Seas into Port Rashid, marking its debut into the Arabian Gulf. In celebration of this significant occasion, a traditional ‘Plaques and Keys Exchange’ ceremony was hosted on board in the presence of the ship’s captain and key industry stakeholders from the Dubai Cruise Committee. Reaffirming Dubai’s position as ...

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• 8 May

  Dubai issues 2,805 new business licenses in April

  

  Dubai / WAM The Business Registration and Licensing (BRL), sector in the Department of Economic Development (DED), Dubai, issued 2,805 new licenses during April 2019, a growth of 60% compared to April 2018 (1,753). The new licenses created 8,375 jobs in the labour market. Among the new licenses issued, 49% were professional, 48.1% commercial, 2.3% related to tourism, and 0.6% ...

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• 8 May

  Suqia launches annual Ramadan campaign

  

  Dubai / WAM The UAE Water Aid Foundation, Suqia, launched its annual Ramadan campaign to provide drinking water in mosques and Iftar tents throughout the Holy Month of Ramadan. This campaign is running in partnership with Mai Dubai and cooperation with 14 local charities. For the second consecutive year, Suqia’s Ramadan campaign spans different countries around the world in collaboration ...

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• 8 May

  Sheikha Fatima unveils ‘Emirati Values Iftar’

  

  Abu Dhabi / WAM The Federal Youth Foundation launched the ‘Emirati Values Iftar’ initiative to celebrate Ramadan, whereby Emirati families host resident families from all backgrounds in their homes for Iftar meals throughout the Holy Month, introducing them to authentic Emirati customs and values. Organised under the patronage of HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, ...

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• 8 May

  Over 200,000 visit Founder’s Memorial during first year

  

  Abu Dhabi / WAM Founder’s Memorial, a permanent national tribute to the late Sheikh Zayed bin Sultan Al Nahyan, the Founding Father of the UAE, has completed its first year of operations since opening to the public in April 2018. In that time, 198,919 people from a range of ages and cultural background have visited the Memorial, including a number ...

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• 8 May

  Apple preps India push with short list for first retail store

  

  Bloomberg Apple Inc has finalised a short list of locations for its first retail store in India, according to people familiar with the plans, as the company redoubles its efforts in the world’s fastest-growing smartphone market. The iPhone giant has zeroed in on several upscale sites in Mumbai, and plans to make a final decision in the next few weeks, ...

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• 8 May

  Chinese biotech firm plans HK IPO

  

  Bloomberg Beijing InnoCare Pharma Tech Co, which is developing treatments for cancer and autoimmune diseases, is planning a Hong Kong initial public offering, people with knowledge of the matter said. The company has been interviewing potential advisers and aims to list as soon as this year, said the people, asking not to be identified because the information is private. InnoCare ...

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