April, 2019

• 24 April

  UAE central bank assets hit 4-decade high of AED432.6b

  Abu Dhabi / WAM The total assets of Central Bank of UAE hiked to a four-decade-time high of AED432.6 billion by the end of March, a growth of 3.5 percent from AED417.7 billion by end of 2018, CBUAE statistics showed. The significant growth is driven by a rally in deposits to AED133.5 billion by March-end, up 25 percent from AED106.8 ...

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• 24 April

  US, China set to resume trade talks on April 30

  

  Bloomberg Trade negotiators led by US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to Beijing next week, the White House said, as both sides work to reach a draft agreement by next month. Talks starting next Tuesday “will cover trade issues including intellectual property, forced technology transfer, non-tariff barriers, agr- iculture, services, purchases and enforcement,” the ...

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• 24 April

  Etihad Cargo celebrates success of new technology platform

  

  ABU DHABI / WAM Etihad Cargo on Wednesday celebrated its position as a market leader in the air cargo digitalisation and innovation community, six months after migrating to a new technology platform. Last year, the carrier saw the introduction of several transformative programmes across its fleet and network, commercial and operational processes, and its physical and digital infrastructure. This culminated ...

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• 24 April

  DSOA roadshow to target Indian tech firms eyeing Middle East expansion

  

  Dubai / Emirates Business Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis, an integrated free zone technology park, announced its participation in a four-day roadshow in India during last week of April. Organised by DSOA, in partnership with the Confederation of Indian Industry (CII), the high-level promotional event will serve as a platform for DSOA to ...

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• 24 April

  ADFD approves $10 million for rural electrification project in Burkina Faso

  

  Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, signed a $10 million concessionary loan agreement with the Government of Burkina Faso to fund that country’s Rural Electrification Project. In the presence of His Excellency Roch Marc Christian Kaboré, Burkina Faso president, Mohammed Saif Al Suwaidi, Director General of ADFD, and ...

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• 24 April

  Adnoc reveals ‘fuel up and fly off’ winners with Etihad

  

  ABU DHABI / Emirates Business Adnoc Distribution, the UAE’s leading fuel and convenience retailer, in association with Etihad Airways, revealed the 14 lucky week two winners of its ‘Fuel Up and Fly Off’ initiative during an event held at the Etihad Innovation Centre on Wednesday. The ‘Fuel Up and Fly Off’ campaign is a joint partnership between Adnoc Distribution and ...

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• 24 April

  ‘Tolerance doesn’t flourish without hard work: Nahyan

  

  ABU DHABI / WAM One of the key areas of focus during the UAE’s ‘Year of Tolerance’ is “the need for legislative and policy development in the areas of religious and cultural tolerance,” Sheikh Nahyan bin Mubarak Al Nahyan, the Minister of Tolerance, said here on Wednesday. He was inaugurating a two-day conference on ‘Tolerance in the Context of Legislative ...

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• 24 April

  UAE presents an ideal model for supporting youth, says VP

  

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, inaugurated the headquarters of the Federal Youth Authority (FYA), at the Emirates Towers, Dubai. His Highness also approved FYA’s operational plan and initiatives that aim to utilise the youth’s capabilities and creativity so that they can become ...

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• 24 April

  UAE, Burkina Faso discuss ways to develop bilateral cooperation

  

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received Roch Marc Christian Kabore, President of Burkina Faso, to discuss relations between the UAE and Burkina Faso. During their meeting, which took place on Wednesday in the Al Shati Palace, both sides discussed ...

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• 24 April

  UAE, UK to strengthen economic partnership

  LONDON / WAM The fifth UAE-UK Joint Economic Committee meeting in London has discussed possibilities to further strengthen the wider economic partnership between the two countries. The meeting was chaired by Mohammed Bin Abdul Aziz Al Shehhi, Under-Secretary for Economic Affairs, Ministry of Economy and Baroness Fairhead, UK Minister of State for Trade and Export Promotion. The economic partnership could ...

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