March, 2018

• 28 March

  ‘Huge potential for Emirati exports in China’

  

  Dubai / WAM The Ministry of Economy will organise a promotional seminar during the first International Import Expo which will be held in Shanghai, China, next November, where the UAE will participate through an official and commercial delegation led by the ministry that will include local authorities and major exporters, as well as entrepreneurs who are leaders of small and ...

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• 28 March

  DAE to raise $400mn loan

  

  DUBAI / Reuters Dubai Aerospace Enterprise (DAE), a government-controlled company, is raising a $400 million loan arranged by Ahli Bank of Kuwait, sources familiar with the matter said. DAE has become one of the world’s largest aircraft lessors after acquiring Dublin-based AWAS last year. The acquisition tripled the Dubai aircraft leasing and maintenance company’s portfolio to about 400 aircraft worth ...

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• 28 March

  DP World: Djibouti has not offered to buy Doraleh stake

  DUBAI / Reuters DP World has not received an offer from Djibouti to buy its stake in the Doraleh Container Terminal, a spokesman for the port operator said on Wednesday after a Djiboutian official said the stake could be bought. The DP World spokesman also said the Dubai-owned company would consider it illegal if any company entered into any agreement ...

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• 28 March

  Eight cities to take up challenge for best tech government solutions

  

  Dubai / WAM The UAE Government has launched a global emerging technologies start-up competition, ‘GovHack Series’, in eight major cities around the world. The competition is part of the GovTech Prize, a UAE government initiative that has been running for its sixth year. The GovTech Prize works throughout the year to search for the best tech government solutions developed by ...

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• 28 March

  MoE discusses investment cooperation with Spain

  

  Abu Dhabi / WAM Mohammed Ahmed bin Abdulaziz Al Shehhi, Under-Secretary for Economic Affairs at the Ministry of Economy, met Jose Luis Kaiser, Director-General of the International Trade Office of Spain, and his accompanying delegation, to discuss means of developing the economic, commercial and investment cooperation between the UAE and Spain. During the meeting, which took place at the ministry’s ...

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• 28 March

  UAE and Canada review trade ties

  Dubai / WAM Mohammed Ahmed bin Abdul Aziz Al Shehhi, Under-Secretary for Economic Affairs at the Ministry of Economy, and Timothy Sargent, Deputy Minister for International Trade of Canada, have discussed economic and trade cooperation between the two countries. During a meeting held at the ministry’s headquarters in Dubai in the presence of Emmanuel Kamarianakis, Consul-General of Canada, and a ...

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• 28 March

  Dubai forum explores prospects for greater regional integration

  Dubai / WAM The ‘Arab Trade and Export Finance Conference,’ hosted in Dubai by Dubai Exports, in partnership with the Arab Federation for Industrial Exports Development (AFIED), has emphasised the importance of financing Small and Medium Enterprises (SMEs), and facilitating their access to international markets. The conference, attended by 130 delegates representing Arab, regional and international businesses, discussed global trade, ...

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• 28 March

  Stocks fall as tech tumbles, dollar gains

  

  Bloomberg US stocks fell, pushed lower by megacap tech shares as they extended losses following a sharp selloff Tuesday afternoon. The dollar rose while Treasuries rallied as data showed American economic growth beat estimates. Volatility spiked as the Nasdaq 100 Index retreated, with Netflix Inc. and Amazon.com Inc. among the biggest losers. The gauge is heading for its fifth straight ...

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• 28 March

  Saudi stocks pull back before FTSE decision

  

  Reuters Saudi Arabia’s stock market pulled back because of profit-taking on Wednesday ahead of a decision by index compiler FTSE Russell on whether to upgrade Riyadh to emerging market status, while most other regional bourses were also weak. The Saudi index has surged in recent weeks on expectations of a positive decision by FTSE on Wednesday. If MSCI also decides ...

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• 28 March

  Mohammed attends Post-Position Draw of Dubai World Cup

  

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, attended the Post-Position Draw for the Dubai World Cup 2018, which will take place on March 31, at Meydan Race Course in Dubai. His Highness welcomed the Dubai World Cup’s guests to the UAE, adding that the Cup ...

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