December, 2017

• 13 December

  ‘Al Nukhba’ to help boost number of international confabs in Abu Dhabi

  Abu Dhabi / WAM The Abu Dhabi Convention Bureau, part of the Department of Culture and Tourism – Abu Dhabi (DCT), officially launched its latest initiative ‘Al Nukhba’, which aims to boost the number of international conferences held in the UAE capital. The initiative was officially inaugurated in a special ceremony on Nurai Island, Abu Dhabi, on Tuesday, by Mohamed ...

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• 13 December

  ADNEC promotes Abu Dhabi’s MICE infra at global events

  

  Abu Dhabi / Emirates Business Abu Dhabi National Exhibitions Company (ADNEC) lately participated in several highly-targeted international events to promote Abu Dhabi’s state-of-the-art meetings, incentives, conferences and exhibitions (MICE) infrastructure and attract international associations and organisers to host their events in the UAE capital. Khalifa Al Qubaisi, Acting Chief Commercial Officer of ADNEC, said: “Our participation in these landmark events ...

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• 13 December

  ADGM-regulated $2 billion first feeder fund for India launched

  

  DUBAI / Emirates Business Next Orbit Ventures (NOVF) ESDM, the newly launched Abu Dhabi-based fund established under the Abu Dhabi Global Markets (ADGM) jurisdiction, announced the launch of $2 billion fund for building semiconductors and electronics fab ecosystem in India. For the first time, an India-based fund going to be raised from GCC-based investors will be regulated by an external ...

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• 13 December

  Tejar Dubai announces 30th commercial project

  

  Dubai / Emirates Business Tejar Dubai, an initiative of the Dubai Chamber of Commerce and Industry, announced that it has launched The Caterer, a new age company offering nutritious and balanced meals to businesses, communities and individuals. This catering service, located in Dubai Investment Park, is the 30th commercial project to be launched under Tejar Dubai to date, while it ...

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• 13 December

  NBF scoops ‘Best Islamic Window – UAE’ award

  

  Fujairah / WAM National Bank of Fujairah (NBF), announced that NBF Islamic has once again received the ‘Best Islamic Window – UAE’ award for the second consecutive time at the Islamic Business & Finance Awards 2017. Hosted by CPI Financial, the Islamic Business & Finance Awards has quickly established itself as a reputable platform for banks and financial institutions aiming ...

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• 13 December

  KIZAD to help BOC expand in Mideast

  

  Abu Dhabi / Emirates Business Khalifa Industrial Zone Abu Dhabi (KIZAD) announced on Wednesday the signing of a Memorandum of Understanding (MoU) with Bank of China Ltd. – Abu Dhabi (BOC) to mutually promote their services for the benefit of both entities’ customers in the UAE and abroad. Under the terms of the agreement and in the context of the projects ...

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• 13 December

  Dubai Food Festival to return in February

  Dubai / WAM Dubai Food Festival (DFF), Dubai’s annual citywide culinary celebration, will return from February 22 to March 10, 2018. Organised by the Dubai Festivals and Retail Establishment (DFRE), an agency of the Department of Tourism and Commerce Marketing (Dubai Tourism), the 5th edition of DFF will bring together the best of Dubai’s gastronomy offering and shines a spotlight ...

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• 13 December

  Dubai on track to receive 1mn cruise passengers by 2020

  

  DUBAI / Emirates Business In a keynote address to cruise line executives and regional industry stakeholders at the opening session of Seatrade Middle East Cruise Forum, Issam Kazim, CEO, Dubai Corporation of Tourism and Commerce Marketing (DCTCM) confirmed that Dubai remains on track to receive one million cruise passengers by 2020. Addressing delegates, he also referenced DCTCM’s plan to ensure ...

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• 13 December

  Stocks rise, but dip from session peak on tax deal

  

  Bloomberg US stocks gained but moved off their session highs after Congressional leaders said they’d reached a tentative agreement on a tax overhaul package. The dollar dropped and Treasuries rallied following reports that a measure of US inflation fell short of estimates, only hours before the Federal Reserve was expected to announce its decision on interest rates. All major equity ...

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• 13 December

  ADNOC Distribution rises from IPO price

  Reuters Abu Dhabi was supported by a strong new listing and Qatar surged after the release of the government’s 2018 budget. The Dubai index dropped 1.4 percent as Emaar Properties sank 6.2 percent to its lowest close since June, in its heaviest trade since June. Emaar said it would pay a special dividend of four billion dirhams ($1.1 billion) related ...

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