March, 2019

• 16 March

  UAE start-ups account for 88% regional deal value

  

  DUBAI / Emirates Business UAE start-ups secured $31.36 million in investments which account for 88 percent of the whole deal value of the region. Local services, e-commerce & financial services are the top three industries accounting for 44 percent of the entire deal count. In addition, logistics (9.3 percent), software (7.1 percent), media (4.6 percent), education (4.6 percent) and transportation ...

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• 16 March

  Oil nears 4-month high on Opec commitment to cuts

  

  Bloomberg Oil gained for a second straight week as Opec assured traders it’s committed to culling supplies ahead of a key meeting with allies in Azerbaijan this weekend. Futures advanced 4.4 percent in New York and settled just pennies off a four-month high. Opec self discipline and a surprise reduction in US crude inventories signalled tightening supplies, but concern that ...

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• 16 March

  Seminar to enhance UAE-Spain investment ties held

  

  Sharjah / Emirates Business The Sharjah FDI Office (Invest in Sharjah) concluded the emirate’s first-ever Sharjah-Barcelona Business Seminar, engaging with more 150 Spanish investors and senior officers at the Spanish city of Barcelona, in a bid to enhance Emirati–Spanish relations in trade and investment. The seminar was focused on exploring new investment opportunities in education and healthcare, and other sectors ...

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• 16 March

  UAE, Mexico discuss ways to promote tolerance

  Mexico / WAM Ahmed bin Mohammed Al-Jarwan, President of the Global Council for Tolerance and Peace, has met with Olga Sanchez Cordero, Mexican Interior Minister, and discussed ways to build bridges of cooperation between the Council and vital sectors in Mexico, including the government sector. The meeting, which was attended by Ahmed Hatem Al Minhali, UAE Ambassador to Mexico, and ...

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• 16 March

  Saif unveils initiative to enhance children’s safety

  Abu Dhabi / WAM His Highness Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, asserted that the UAE under the wise leadership is adamant in its efforts to enhance digital life safety and protect citizens from online threats. The focus of the National Agenda for Wellbeing on the quality of digital life ...

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• 16 March

  UAE, Brazil ink slew of deals, MoUs to boost bilateral ties

  

  BRASILIA / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met Ernesto Araujo, Brazilian Minister of Foreign Affairs on Saturday. HH Sheikh Abdullah lauded the growing ties between the UAE and Brazil, thanks to the unlimited support of their leadership, and the two countries’ keenness to develop cooperation in all fields. Ernesto Araujo ...

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• 16 March

  ‘Zayed Al Khair Camp’ launched in Sukkur, Pakistan

  

  Karachi / WAM The Sheikha Fatima Global Humanitarian Campaign launched ‘Zayed Al Khair Camp’ in Pakistan’s city of Sukkur to treat thousands of children and women, under the supervision of Emirati-Pakistani doctors. The campaign is being held under the theme, ‘Following in the Footsteps of Zayed,’ and as part of the ‘All of us are our Mother Fatima’ programme. Noura ...

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• 16 March

  DED launches 14 new business activities

  

  DUBAI / WAM The Department of Economic Development (DED), in Dubai in co-operation with the UAE Ministry of Food Security, introduced 14 new business activities in the field of agricultural production and aquaculture in view of the growing interest in these activities and the importance being given to food security in the country. The move is part of DED’s strategy ...

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• 16 March

  Central Bank introduces loan scheme for Emiratis

  

  ABU DHABI / WAM The Central Bank of the UAE, in cooperation with the UAE Banks Federation and national banks, has recently launched a national initiative under the name “National Loans Scheme”. This initiative aimed at easing the burden of debt accumulation for UAE nationals. To help UAE citizens better manage their debt settlements, the new National Loan Scheme consolidates ...

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• 16 March

  Dubai saves $33m in water, electricity consumption

  

  DUBAI / WAM Dubai Electricity and Water Authority (Dewa) announced that its conservation programmes and initiatives over the past 10 years have achieved significant savings in electricity and water use within various stakeholder groups. Cumulative savings between 2009 and 2018 reached 2 terrawatthours (TWh), of electricity and 7.4 billion gallons of water, equivalent to AED1.2 billion ($33 million). These savings ...

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