April, 2017

• 20 April

  Mid-income housing in focus at Cityscape Abu Dhabi 2017

  

    ABU DHABI / WAM Cityscape Abu Dhabi 2017, the region’s premier real estate forum, has drawn a large number of property developers who displayed a series of products for middle-income segments that secured a massive turnout over the three-day event, concluding today in the UAE capital. Up to 100 companies from around 13 world countries are showcasing in excess ...

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• 20 April

  TAQA to invest AED1.8bn in 2017

    ABU DHABI / WAM Abu Dhabi National Energy Co. (TAQA), is generating cash from overseas oil and natural gas operations and plans to sell some higher-cost wells in North America, according to Bloomberg. After a two-year programme to cut expenses, Taqa’s oil and gas businesses in North America and Europe are “cash-flow positive,” Saeed Hamad Al Dhaheri, TAQA Acting ...

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• 20 April

  Assets of 10 UAE banks hit AED1.75trn

  

    ABU DHABI / WAM The total assets of 10 UAE banks jumped to AED 1.75 trillion by the end of Q1 2017, a 9.3 percent growth from AED 1.6 trillion recorded over the same period last year. A WAM analysis has found out that the growth in assets of the 10 banks whose Q 1 financial statements were announced ...

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• 20 April

  Gulf Arab oil producers reach deal to extend cuts

    Bloomberg Gulf Arab oil producers have reached an agreement about a possible extension of output cuts beyond June to reduce stockpiles of crude, Oman’s oil minister said. His Saudi Arabian counterpart confirmed that producers arrived at an initial deal on prolonging cuts. GCC countries agreed to push for an extension in a meeting, Oman Oil Minister Mohammed Al Rumhy ...

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• 20 April

  Ras Al Khaimah’s foreign trade grew 11.8% in 2016

  

    Ras Al Khaimah / WAM Foreign trade of the Emirate of Ras Al Khaimah grew by 11.8 percent in 2016 compared to 2015, according to a report published by the Studies and Commercial Cooperation Department at the RAK Chamber, based on data from the Customs Department. Dr Ahmed Rashed Al Shemaili, Assistant Director-General of Commercial Service and Business Development Sector ...

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• 20 April

  Hamdan inaugurates ‘City Makers’ headquarters

  

    Dubai / WAM Dubai Crown Prince and Chairman of Dubai Executive Council HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum inaugurated the permanent headquarters of “City Makers” on Thursday, a subsidiary of the General Secretariat of the Executive Council of Dubai, located at Alserkal Avenue in AlQuz area in Dubai. “City Makers” aims to design the journey of the ...

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• 20 April

  Workshop on legal aspects of UAE residency held

    Dubai / WAM The Dubai Chamber of Commerce and Industry hosted a one-day legal workshop at its head office in co-operation with Taylor Wessing (Middle East) LLP and Fragomen (UAE) LLC to provide local businesses and employers with information on key legal and practical aspects related to UAE residency. Titled “Key Legal & Practical Aspects of UAE Residency,” the workshop ...

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• 20 April

  Al Habtoor, REM host waste management conference in KSA

    Riyadh / Emirates Business Al Habtoor Motors & REM (Refuse Equipment MFG Holding Co) hosted the largest Waste Management Industry event of the year at Ritz Carlton Hotel, Riyadh. Both Companies launched new products to meet the industry’s needs for efficiency and lowering costs in this demanding sector. More than 325 refuse industry experts across the Kingdom participated in ...

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• 20 April

  Mohamed, Putin discuss host of issues

  

    MOSCOW / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has discussed with Russian President Vladimir Putin, friendship, cooperation, regional and international issues of mutual interest. This came when the Russian President received His Highness Sheikh Mohamed bin Zayed and accompanying delegation at Kremlin on ...

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• 20 April

  Abu Dhabi named most outstanding MICE destination

  

    Abu Dhabi / WAM Abu Dhabi has been named as the world’s “Most Outstanding MICE Destination” at a prestigious awards ceremony in New Delhi, India. The emirate beat competition from Singapore, the United Kingdom and Jordan to secure the coveted prize, which is handed out annually at the Travel and Hospitality annual awards ceremony in the Indian capital. The award ...

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