March, 2017

• 21 March

  Trump’s reckless threat to world trade

    Presumably at the insistence of the U.S. administration, the latest statement from the Group of 20 big economies conspicuously dropped the standard promise to “avoid all forms of protectionism.” It’s worth pausing to understand why that promise was ever worth making, and honoring. The reason is surely not that governments always keep their word. For years they’ve been backsliding ...

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• 21 March

  Brexit: Theresa May’s high-wire act

    At last, the much heralded date for UK to file divorce papers to leave European Union has been announced. British Prime Minister Theresa May will invoke Article 50 of the Lisbon Treaty, the formal process of leaving the EU, on March 29. It will start the clock on two years period, during which to complete the most important negotiation ...

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• 21 March

  Omran Properties unveils AED2.47 billion projects

  

    Sharjah / Emirates Business As part of a massive investment drive, Sharjah-based Omran Properties is to launch three real-estate projects in the emirate worth AED 2.47 billion. The unprecedented developments, the first Omran have made in Sharjah, bring new residential, retail, commercial and hospitality opportunities to Sharjah’s existing and potential investors. The company, established in 2016 through a strategic ...

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• 21 March

  UAE personal loans hit AED349bn in February

    Abu Dhabi / WAM Total volume of personal loans in the UAE increased to AED 349.9 billion in February 2017, according to a UAE Central Bank report issued on Tuesday, which affirmed the banks’ continual contribution to the overall wellbeing and growth of the economy. By providing personal and corporate finance facilities, as well as creation of jobs, the UAE ...

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• 21 March

  MoF launches phase one of tax awareness workshops

    Dubai / WAM The UAE Ministry of Finance has launched the first phase of its awareness and education workshops that will prepare businesses for the new tax system that will be introduced by the end of this year, in the case of excise tax, and early next year for value-added tax, VAT. As the UAE prepares to introduce both taxes ...

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• 21 March

  ADSIC organises future planning workshop for Abu Dhabi digital govt

    Abu Dhabi / WAM More than 120 government employees and managers, as well as top-tier experts from the private sector, attended a workshop on Future Planning for the Abu Dhabi Digital government. The workshop was hosted by the Abu Dhabi Systems and Information Centre (ADSIC) a government agency responsible for developing and managing the ICT sector in the UAE, which ...

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• 21 March

  Mohammed launches new beachfront resort

  

    DUBAI / Emirates Business Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum on Tuesday launched a new beachfront entertainment destination located at Jumeirah beach near Burj Al Arab in Dubai, that features MGM and Bellagio hotels. Sheikh Mohammed was accompanied by HH Sheikh Hamdan bin Mohammed bin ...

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• 21 March

  Dubai realty show to attract Chinese investments

  

    DUBAI / Emirates Business Dubai developers are all geared to showcase the best of Dubai real estate opportunities to the Chinese investors at the upcoming Dubai Property Show that will be held in Shanghai, China from March 24-26 at Shanghai World Expo Exhibition & Convention Center. This will be the 6th global edition of the popular exhibition which has ...

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• 21 March

  UAE showcases efforts to protect youth from cybercrimes

    ABU DHABI / WAM The UAE showcased its efforts in protecting the youth from cybercrimes during a recent meeting in Kuwait that brought together representatives of relevant authorities from other Gulf Co-operation Council members. Efforts are being made to combine the efforts of various government departments and the society in the UAE to ensure online safety and prevent abuse, ...

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• 21 March

  Endowment is a development tool for developing communities: VP

  

    Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, emphasised that endowment is a developmental tool for communities and an effective means for promoting response to various community needs. His Highness said, “What we are doing through endowment will be reflected on all developmental aspects. We want ...

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