February, 2018

• 26 February

  ‘UMEX, SimTEX promote UAE innovation strategy’

  Abu Dhabi / WAM Mohammed bin Ahmad Al Bowardi, Minister of State for Defence Affairs, has said that the specialist exhibitions hosted by the UAE, especially those related to advanced technologies, such as the Unmanned Systems Exhibition and Conference (UMEX, 2018), and the Simulation and Training Exhibition (SimTEX), 2018, have helped to promote the UAE’s strategy of innovation, to accelerate ...

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• 26 February

  Mohamed, Panama president discuss economic, trade ties

  

  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 Monday received Juan Carlos Varela, President of Panama, who is currently visiting the country. Sheikh Mohamed welcomed President Varela and his delegation, saying that the visit will contribute in enhancing friendly relations and ...

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• 26 February

  Stocks gain as investor focus turns to Fed remarks; oil drops

  

  Bloomberg US stocks rose to a three-week high, as renewed gains in Treasuries that pushed yields further below 2.9 percent alleviated angst that higher rates would accelerate tightening. The dollar strengthened. The S&P 500 Index climbed for a third day, joining gains in European and Asian equities. Volume was low as investors await the first public comments from Federal Reserve ...

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• 26 February

  China-backed Singapore bourse gets go ahead as third futures exchange

  

  Bloomberg Singapore paved the way for a third derivatives exchange in the city, a month after Deutsche Boerse AG called quits on its ambition for a futures venue in the Asian nation. Asia Pacific Exchange Pte, backed by Chinese investors, has received licenses from the Monetary Authority of Singapore to operate a derivatives exchange and clearinghouse, Chief Executive Officer Eugene ...

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• 26 February

  VP meets Panama president

  

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, received President Juan Carlos Varela of Panama on Monday. His Highness welcomed President Varela in the presence of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council. During ...

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• 26 February

  Abu Dhabi Air Expo takes off

  

  Abu Dhabi / WAM Under the patronage of His Highness Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council, HH Sheikh Hamed bin Zayed Al Nahyan, Chief of the Abu Dhabi Crown Prince’s Court and a member of the Executive Council of Abu Dhabi inaugurated the 5th edition of the Abu Dhabi Air Expo 2018 at ...

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• 26 February

  UAE to lead Middle East luxury hospitality market till 2022

  

  Abu Dhabi / Emirates Business The UAE will continue to lead the GCC’s luxury hospitality segment to 2022, with 73% of existing luxury hotel stock and 61% of the region’s current luxury pipeline located in the country, according to data released ahead of Arabian Travel Market 2018, taking place at Dubai World Trade Centre from April 22-25. The research demonstrates ...

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• 26 February

  Dubai Airports to upgrade southern runway at DXB

  

  DUBAI / WAM Dubai Airports on Monday confirmed plans to close Dubai International’s (DXB) southern runway for a 45-day period in 2019 to conduct a comprehensive upgrade designed to boost safety, service and capacity levels. DXB operates 24/7, 365 days per year with over 1,100 aircraft movements per day featuring predominantly wide-body aircraft. While ongoing runway maintenance is scheduled on ...

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• 26 February

  Central Bank, FTA sign MoU to help ease tax collection

  

  Abu Dhabi / WAM The UAE Central Bank has signed a Memorandum of Understanding (MoU), with the Federal Tax Authority (FTA), to facilitate tax collection through the UAE Funds Transfer System (UAEFTS), that offers a timely processing of fund transfers between bank accounts. Mohammed Ali bin Zayed Al Falasi, Deputy Governor of the UAE Central Bank, and Khalid Ali Al ...

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• 26 February

  Dafza launches Islamic economy social impact start-up incubator

  

  Dubai / WAM Dubai Airport Freezone Authority (DAFZA), announced the launch of Goodforce Labs, an innovative start-up incubator focused on transforming ethical startups in the fields of Islamic economy and Halal industries into global success stories. The incubator will work to revitalise the Islamic ethical economy utilising a deep venture building platform. This will be achieved by selecting a group ...

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