December, 2017

• 18 December

  Stocks gain on US tax plan, dollar sinks, Treasuries decline

  

  Bloomberg Stocks kicked off the penultimate week of the year on a positive note after Republicans reached an agreement on the shape of US tax cuts. The dollar dropped and Treasuries headed lower. The S&P 500 Index rose to new highs Monday, and the KBW bank index rose to its highest since October 2007, as investors focussed on the progress ...

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• 18 December

  Saudi cement shares surge on eve of 2018 state budget

  Reuters Saudi Arabia’s stock market surged on Monday as cement firms climbed before the release of the government’s 2018 budget, which is expected to include an increase in infrastructure spending. The Saudi stock index surged 1.4 percent in active trade. Five of the 10 most heavily traded shares and six of the 10 top gainers were cement firms, with Najran ...

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• 18 December

  ‘DAFZA’s strategy for Islamic economy’ launched in Dubai

  

  DUBAI / Emirates Business His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Airport Freezone Authority (DAFZA), has launched the ‘DAFZA’s Strategy for Islamic Economy’ which is based on strategic initiatives involving the Islamic economy and halal sectors. The strategy will help attract more foreign direct investments (FDIs) to the sectors and support the ‘Dubai – Capital ...

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• 18 December

  DXB named ‘favourite airport for layovers’

  DUBAI / WAM Dubai International (DXB) has been named the ‘Favourite Airport for Layovers’ at the Conde Nast Traveller Readers’ Choice Awards Middle East. Dubai International along with Singapore Changi International and Hong Kong International Airport were the three international hubs that were voted to the top by readers of Conde Nast Traveller Middle East in the Favourite Airport for ...

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• 18 December

  Mashreq recognised for global mobile banking excellence

  DUBAI / Emirates Business Mashreq Bank, the UAE’s leading financial institution was presented with the Best Consumer Mobile Banking Global award at the Digital Bank Conference and Awards dinner hosted by Global Finance magazine in London, England. The award is in recognition of Mashreq bank’s development of its mobile banking app, Snapp and its efforts in enhancing its customers’ experiences ...

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• 18 December

  Ministry of Health discusses relations with Romania

  DUBAI / WAM Dr Amin Hussein Al Amiri, Assistant Under-Secretary for Public Health Policy and Licensing at the Ministry of Health and Community Prevention, discussed, with Adrian Macelaru, Ambassador Extraordinary and Plenipotentiary of Romania to the UAE, ways of developing cooperation and the exchange of knowledge in the health sector between the two countries. During the meeting, the two sides ...

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• 18 December

  DLD concludes its global realty tour

  

  Dubai / WAM The Real Estate Investment Management and Promotion Centre, the investment arm of Dubai Land Department (DLD), has concluded its real estate roadshow and workshops in the United Kingdom. London was the last destination in the real estate roadshow, which aimed to promote Dubai’s real estate market and attract British investors. The roadshow, which earlier visited the Russian ...

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• 18 December

  Palma Holding offers financing options for Serenia Residences

  Dubai / Emirates Business With its Serenia Residences project due for completion in only few weeks’ time, Palma has announced that it will be providing its clients with a range of exclusive financing options in partnership with leading specialised financiers including Emirates NBD, Sharjah Islamic Bank, Amlak Finance PJSC and Mortgage Finder. Kareem Derbas, CEO of Palma Holding, commented: “We ...

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• 18 December

  Cardiovascular diseases are leading cause of death in Abu Dhabi

  

  Abu Dhabi / WAM The Department of Health (DoH), released on Monday the Abu Dhabi Healthcare Statistics report for the year 2016, providing a summary of population health, births and deaths, common diseases, healthcare demand and supply, as well as future healthcare needs in the emirate. According to the report, the total number of births in Abu Dhabi in 2016 ...

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• 18 December

  Trump to declare China ‘strategic competitor’ in security speech

  

  Bloomberg President Donald Trump will declare China a “strategic competitor’’ to the US in a speech that lays out an official national security strategy heavily influenced by his views on trade and economic relations, senior administration officials said. The language, as described by the officials, appears softer than the label used by National Security Adviser H.R. McMaster, who last week ...

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