July, 2017

• 18 July

  GCC IoT market to hit $11bn by 2025

  

  DUBAI / Emirates Business The Internet of Things (IoT) has the potential to unlock up to 11 percent in incremental GDP driving economic growth in the GCC region, according to A. T. Kearney’s latest report, ‘IoT in the GCC: Building a Brighter, More Sustainable Future’. By 2025, the IoT solutions market in the region will be worth $11 billion, generating ...

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• 18 July

  Abu Dhabi, Tokyo to boost investment ties

  TOKYO / WAM Ways of advancing economic relations between Abu Dhabi and Tokyo to a higher level and promoting the private sector’s contribution to the development drive were discussed at a meeting that grouped senior officials from the two sides in Tokyo on Tuesday. The meeting came during a visit by a UAE delegation participating in the 5th session of ...

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• 18 July

  256 institutional investors registered on ADX in H1

  

  ABU DHABI / WAM The total number of investors in Abu Dhabi Securities Exchange (ADX), by the end of H1 2017 reached 961,000 with a total of 2,276 investor numbers issued by ADX during the same period. Of the total numbers issued during the first half of 2017, 2020 were for individuals and 256 for institutions. Up to 1,173 numbers ...

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• 18 July

  ADGM implements CRS regulations

  ABU DHABI / WAM Abu Dhabi Global Market (ADGM), announced it is to implement the Common Reporting Standard (CRS), Regulations in support of the United Arab Emirates’ international obligation in implementing the standards of joint disclosures and the exchange of information for tax purposes set out by the G20 and Organisation for Economic Cooperation and Development (OECD). The CRS Regulations ...

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• 18 July

  Dana Gas to lift UAE sukuk injunction to comply ‘court’

  

  DUBAI / Reuters Dana Gas will lift an injunction it obtained in a UAE court protecting it against claims on $700 million of Islamic bonds to comply with a London court order, a source with knowledge of the matter said. But Dana believes a stay on proceedings in Sharjah will still permit it to resume its legal action there, if ...

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• 18 July

  Emirates to increase flights to Khartoum

  DUBAI / WAM Emirates will increase the frequency of flights between Dubai and Khartoum from five to seven a week starting August 8. As with Emirates’ current flights between the two cities, it will also operate a Boeing 777 on the additional services, offering customers a choice of cabins with 8 luxurious private suites in First Class, 42 lie-flat seats ...

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• 18 July

  Mohamed, Mali president discuss bilateral 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, on Tuesday received the President of the Republic of Mali, Ibrahim Boubacar Keita, who is currently on a working visit to the UAE. At the beginning of the meeting, His Highness Sheikh Mohamed bin ...

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• 18 July

  Dubai chosen as local data hub for MENASA region

  

  Dubai / Emirates Business In line with the leading role that Dubai is playing globally across several different sectors, and driven by its forward-thinking leadership, Dubai was selected to be a regional hub for city data, at the United Nations headquarters in New York City. As a result, Dubai is now in a direct position to inform and drive progress ...

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• 18 July

  Businesses registered at RAK Chamber rise to 32,801 in H1

  

  RAS AL KHAIMAH / WAM A total of 32,801 businesses became members of the Ras al-Khaimah Chamber of Commerce and Industry, RAK Chamber, and 10,093 renewed their membership by the end of the first half (H1) of the current year. The number of new private members registered during the period reached 970, out of which 130 were in free zones ...

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• 18 July

  Dubai Taxi limo now available for booking via Uber app

  DUBAI / WAM RTA’s Dubai Taxi Corporation (DTC) signed an agreement with Uber, enabling the booking of DTC limousines through Uber’s passenger transport services app. Dr. Yousef Mohammed Al Ali, CEO of Dubai Taxi Corporation, signed the agreement on behalf of DTC and Christopher Free, General Manager of Uber in the UAE signed it on behalf of Uber. “The signing ...

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