December, 2018

• 19 December

  DFSA laws on collective investment funds eased

  

  Dubai / WAM The Dubai Financial Services Authority (DFSA) has announced that changes to its Collective Investment Funds (CIF) regime, on which the DFSA consulted in October last year, came into force coinciding with the enactment of the DIFC Companies Law 2018 (Companies Law). The DFSA consultation included a wide-ranging set of proposals to support the continued development of the ...

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• 19 December

  Tolerance represents Zayed’s legacy, Emirati values: Sultan bin Zayed

  ABU DHABI / WAM His Highness Sheikh Sultan bin Zayed Al Nahyan, the President’s Representative, has praised the recent decision to declare 2019 as the ‘Year of Tolerance’ by the UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan. His Highness said the Year of Tolerance carries on the message of the late Sheikh Zayed bin Sultan Al Nahyan’s ...

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• 19 December

  UAE-Mali ties based on a united vision of their leadership: Reem Al Hashemy

  

  ABU DHABI / WAM The ministerial meeting of the first UAE-Mali Joint Committee was held at the headquarters of the Ministry of Foreign Affairs and International Cooperation. The meeting was chaired by Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, and Kamisa Kamara, Minister for Foreign Affairs and International Cooperation of Mali. At the start of the ...

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• 19 December

  Emirates new app to slash aircraft turnaround delays

  

  Dubai / Emirates Business Emirates passengers travelling from or transiting through Dubai International Airport (DXB) can expect fewer instances of delays associated with aircraft turnaround thanks to a new innovative application built in-house by Emirates called the Hub Monitor. Hub Monitor is being used by Emirates’ operational staff in Dubai to share and monitor real time information on the various ...

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• 19 December

  Sharjah Ruler reviews efforts of Unesco to back Arabic language

  

  Paris / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member, Ruler of Sharjah and Chairman of the Arabic Language Academy in Sharjah, met Dr Audrey Azoulay, Director-General of the United Nations Educational, Scientific and Cultural Organisation, Unesco, at its headquarters. During the meeting, which was held on the sidelines of the honouring ceremony of the ...

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• 19 December

  ‘Dubai boat show’ to return with incredible experiences

  

  Dubai / Emirates Business The Dubai International Boat Show is readying for 2019, returning to the UAE’s most impressive city with a new look show celebrating all that makes a boating lifestyle so incredible. Heading into its 27th year, the Boat Show – taking place at the Dubai Canal from February 26 through March 2 – will once again gather ...

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• 19 December

  Aluminium industry generated AED20bn for national economy

  

  Abu Dhabi / WAM Emirates Global Aluminium (EGA), and the aluminium sector which has grown around it, have generated economic activity accounting for 1.4 percent of the entire UAE economy, according to an expert study. The sector also supported 60,950 UAE jobs in 2017. One in every 100 people working in the UAE is employed in the aluminium sector, its ...

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• 19 December

  Houthi militias break ceasefire ‘within hours’

  

  HODEIDAH / WAM The Houthi militias broke the ceasefire agreed in Sweden under United Nations auspices hours after it came into force, according to a source in the Yemeni resistance. The source said that the Houthis had shelled the May 22 hospital and several factories with mortars and rockets. The source added that the attack by the militias had caused ...

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• 19 December

  ADFD’s $50mn to help Chad in its national development plan

  

  Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, today allocated a government grant worth $50 million (AED184 million) to support the Chadian government in achieving its development goals. The funding will contribute to driving financial stability in the Central African country and fuel the growth of key sectors. The funding ...

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• 19 December

  UAE, Romania to advance coop in telecom sector

  BUCHAREST / WAM Romanian Minister of Communications and Information Society Alexandru Petrescu affirmed his country’s interest in advancing cooperation with the UAE in the telecommunications sector, which is a key element in the development of other sectors. This came during a meeting – at the ministry’s headquarters in Bucharest – with the UAE Ambassador to Romania Dr. Ahmed Abdullah Al ...

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