October, 2018

• 31 October

  du, Chinese telecom firm sign network services pact

  DUBAI / WAM UAE-based Emirates Integrated Telecommunication Company (du) has signed a network installation outsource for services (NIO) agreement with Ch-ina Communication Services International (CCS). The contract will enable CCS UAE to provide services for installation and maintenance works acr-oss du’s vast “Access and Transport Network”. Osman Sultan, CEO of du, said, “This contract signifies another bold step towards the ...

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• 31 October

  Nasdaq Dubai sees $100b in Islamic finance deals

  

  DUBAI / WAM Transactions on the Nasdaq Dubai Murabaha platform for Islamic financing have exceeded a total of $100 billion, reflecting its popularity with corporate and individual users. Established jointly by Nasdaq Dubai and Emirates Islamic, the platform meets needs ranging from funding for corporate growth and expansion to personal finance for retail customers. Transactions so far in 2018 have ...

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• 31 October

  UAE, Ethiopia ink draft labour MoU

  ADDIS ABABA / WAM The United Arab Emirates and the Federal Democratic Republic of Ethiopia have agreed on a draft MoU in the field of manpower and domestic aid workers. This came during a meeting involving delegates of the Ministry of Human Resources and Emiratisation and the Ethiopian Ministry of Labour that took place in the capital Addis Ababa in ...

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• 31 October

  German firm forays into UAE with $327mn projects

  ABU DHABI / WAM Meilenstein, a real estate developer that traces its origin in Germany, has announced its foray in the UAE’s real estate market with eight projects with a development value exceeding AED1.2 billion ($327 million). The projects are set to be built in several locations across Dubai, including Mohammed Bin Rashid City (MBR City) within Meydan City, Al ...

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• 31 October

  Efficiency innovations enable UAE’s $72 billion energy investments

  

  DUBAI / Emirates Business Schneider Electric, the leader in digital transformation of energy management and automation, announced that energy efficiency innovations are enabling the UAE’s $72 billion worth of energy investments during the recent Innovation Day Dubai. Boosted by the UAE Energy Strategy, which aims to generate 50 percent of its energy from clean energy, and the Dubai Clean Energy ...

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• 31 October

  Sheikh Sultan Al Qasimi inaugurates 37th SIBF

  SHARJAH / WAM His Highness Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, inaugurated the 37th edition of the Sharjah International Book Fair (SIBF), on Wednesday. HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, and HH Sheikha Jawaher bint Mohammed Al Qasimi, wife of HH the ...

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• 31 October

  UAE and China discuss economic cooperation

  

  DUBAI / WAM­­­­­ Juma Mohammed Al Kait, Assistant Under-Secretary for Foreign Trade Affairs at the Ministry of Economy, discussed, with a delegation from the Ningxia region of China, headed by Xiang Chigang, Mayor of Yinchuan, ways of promoting their commercial and economic cooperation. During the meeting, which was held at the ministry’s headquarters in Dubai, both sides highlighted the importance ...

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• 31 October

  FDI law represents quantum leap in business environment

  

  ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, has said that the issuance of Law No.19 of 2018 on Foreign Direct Investment (FDI), represents a quantum leap in the business environment in the country, strengthening its attractiveness to FDI and supporting its efforts at attracting qualitative investments in sectors such as knowledge, innovation and advanced technology, ...

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• 31 October

  DP World, NIIF to build $78mn ‘warehousing zone’ at Mumbai port

  DUBAI / WAM Hindustan Infralog Private Limited (HIPL), a joint venture between DP World (65%) and the National Investment and Infrastructure Fund (NIIF), (35%), has won the bid to develop and operate the Free Trade Warehousing Zone at India’s largest container gateway – Jawaharlal Nehru Port Trust (JNPT), for $78 million. Hindustan Infralog Private is the recently created investment vehicle ...

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• 31 October

  UAE reinforces its presence in world of digital media

  

  ABU DHABI / WAM The UAE has reinforced its presence in the world of digital media, through innovative strategies that have helped to convey its message locally and internationally. The UAE’s digital media is being supported by many senior officials. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, declared ...

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