September, 2018

• 16 September

  Emirates NBD expands Saudi branch network

  DUBAI / WAM Emirates NBD expanded its presence in Saudi Arabia with the opening of its first branch in the city of Khobar. The bank now operates in three key regions within the Kingdom, with branches in Riyadh, Jeddah and Khobar. As Saudi Arabia moves forward in enacting its plans for economic reform, in line with its Vision 2030, Emirates ...

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• 16 September

  Emirates Development Bank receives AA- Fitch Rating and the loan portfolio exceeds AED1 billion

  

  DUBAI / Emirates Business The Board of Directors of Emirates Development Bank (EDB) has held its fifth meeting for 2018 at the Bank’s headquarters in Dubai under the chairmanship of His Excellency Obaid Humaid Al Tayer, Minister of State for Financial Affairs and Chairman of the EDB Board of Directors. The governing body discussed the items on the agenda and ...

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• 16 September

  Dubai, Panama to boost cooperation in maritime and logistics sector

  

  Dubai / Emirates Business The Dubai Chamber of Commerce and Industry’s representative office in Panama hosted an event which explored potential for enhancing cooperation between maritime and logistics companies in Panama and Dubai. The event was attended by HE Ibrahim Mohammed Al Mansouri, UAE Ambassador to Panama, and representatives from the Panama Canal Authority, Panama Chamber of Commerce, Agriculture and ...

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• 16 September

  Workshop on ‘Customer Security Programme’ held

  

  Dubai / Emirates Business Taking its efforts to improve defence against increasing threats from cybercriminals to a new level, UAE Banks Federation (UBF) on Sunday hosted a workshop on “Customer Security Programme” for banking professionals, in collaboration with SWIFT, the world’s leading provider of secure financial messaging services. Held in Abu Dhabi, the workshop attracted more than 100 information security ...

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• 16 September

  UAE committed to UN-led political process in Yemen

  NEW YORK / WAM Ambassador Lana Zaki Nusseibeh, UAE’s Permanent Representative to the United Nations in New York, has reiterated and reinforced her country’s commitment to a UN-led political process, notwithstanding the Houthis’ decision to disregard the Geneva talks organised by the Special Envoy of the Secretary-General for Yemen, Martin Griffiths. In a letter addressed to President of the UN ...

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• 16 September

  SBWC to sponsor 10 female entrepreneurs, start-ups

  

  SHARJAH / WAM The Sharjah Business Women Council (SBWC), is calling upon all female entrepreneurs and start-up owners to apply to become one of the ten start-ups it will sponsor during Gitex Future Stars, which will run between October 14-18 at Dubai World Trade Centre (DWTC). SBWC, one of Nama Women Advancement Establishment’s three entities, will be participating for the ...

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• 16 September

  UAE to allow expats long-term residency after retirement

  

  Dubai / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has adopted a resolution to support the industrial sector by introducing reduced fees of electricity consumption for large, medium and small factories. “We launched today an initiative to support the industry sector and ...

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• 16 September

  ADGM closing commercial funding gap in Mena: Teng

  

  ABU DHABI / WAM­­­­­ Abu Dhabi Global Market (ADGM) considers it essential to develop alternative financing solutions to bridge the commercial funding gap in the UAE and the Middle East and North Africa Region, Richard Teng, the Chief Executive Officer of Financial Services Regulatory Authority (FSRA) at ADGM. Speaking to the Emirates News Agency (WAM), on the ADGM FinTech Abu ...

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• 16 September

  Additional funding for UAE federal budget approved

  Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued Federal Decree-Law No.6 of 2018 approving an additional funding to the general federal budget and to the budgets of independent entities for the current fiscal year. The Decree-Law published in the latest issue of the Federal Gazette, stipulates that the estimated general budget expenses for ...

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• 16 September

  President issues decree amending Commercial Companies Law

  Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued Federal Decree-Law No. 07 of 2018 amending articles within Federal Law No. 02 of 2015 on Commercial Companies. The Decree stipulates that Article 14 of Federal Law No. 02 shall be amended to reflect that the Memorandum of Association of a company and each amendment ...

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