April, 2018

• 10 April

  Abu Dhabi FDI up 7.1%

  ABU DHABI / WAM AED108 billion is the volume of foreign direct investment in Abu Dhabi for the year 2017, a growth of 7.1% over 2016, according to the Statistics Center — Abu Dhabi. In its annual report issued in coordination with the Department of Economic Development (DED) on the estimates of FDI in the Emirate of Abu Dhabi in ...

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• 10 April

  Dubai launches first AI-based consumer protection service

  DUBAI / WAM The Commercial Compliance & Consumer Protection (CCCP) sector Department of Economic Development (DED) Dubai, has launched on Tuesday ’Smart Protection’ service, first of its kind in the world, which adopts artificial intelligence (AI) to respond quickly and efficiently to consumer queries and resolve their complaints. The service engages consumers in a direct dialogue to understand the query ...

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• 10 April

  Aramco, Total ink $5bn deal to build petchem facility

  Reuters French oil and gas major Total on Tuesday signed a $5 billion dealwith Saudi Aramco to build a giant petrochemical complex at their 440,000 barrels-per-day Jubail Satorp refinery. Saudi Aramco holds a 62.5 percent stake in the refinery, while Total holds the other 37.5 percent. The memorandum of understanding (MoU) was signed on the sidelines of a visit by ...

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• 10 April

  ADNTC posts strong growth

  ABU DHABI / WAM Abu Dhabi National Takaful Company (ADNTC) announced its financial results for the year that ended on December 31, 2017. The company posted a combined net profit of AED64.6 million for 2017 (for policyholders & shareholders before Qard Hasan provision). Shareholders net profit reached AED59 million compared to AED48.4 million for the same period last year representing ...

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• 10 April

  Fujairah records AED15.4bn in GDP

  Fujairah / WAM The Annual Statistical Book 2017 of Fujairah showed that the emirate’s GDP reached AED15.4 billion in 2017. The value of direct foreign trade amounted to AED6.4 billion, and trade via its free zone amounted to AED8 billion, totalling AED14.4 billion. The 21st edition of the book, issued by the Fujairah Statistics Centre, highlighted the various developments taking ...

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• 10 April

  UAE investors to help rebuild economies of war-torn countries in Middle East

  

  DUBAI / WAM The UAE’s public, private sector and institutional investors will help re-build the war-torn countries in the Middle East, including Iraq, Syria, Yemen and Libya, a senior official said. Jamal Al Jarwan, Secretary-General of the UAE International Investors Council (UAEIIC) said, “Investors in the UAE are well equipped to help re-build the economies of Iraq, Syria, Yemen and ...

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• 10 April

  UAE, Georgia review economic, investment and trade relations

  

  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 and President Giorgi Margvelashvili of Georgia, on Tuesday held official talks on bilateral ties and global developments. The two sides discussed relations of cooperation and friendship between the UAE and Georgia, and the means ...

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• 10 April

  Adnoc launches historic oil and gas exploration round

  

  Abu Dhabi / WAM “For the first time in our history, on behalf of the Supreme Petroleum Council, Adnoc will make available six new, large onshore and offshore blocks for competitive bid within the Emirate of Abu Dhabi,” Dr Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of Abu Dhabi National Oil Company (Adnoc), said. Dr Al ...

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• 10 April

  Khalifa ratifies bilateral agreements between UAE, other countries

  Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan issued Federal Decrees ratifying a number of bilateral agreements between the UAE and brotherly and friendly countries. The Decrees have been published in the latest issue of the Federal Official Gazette. His Highness Sheikh Khalifa approved an agreement between the UAE and Afghanistan on the mutual allocation ...

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• 10 April

  UAE, UK discuss defence, military 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, on Tuesday received Rt Hon Gavin Williamson, UK Secretary of State for Defence, who is currently visiting the country His Highness Sheikh Mohamed welcomed the UK Secretary of State for Defence and discussed with ...

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