March, 2017

• 2 March

  UAE Islamic banking assets reach AED520 billion

  

    ABU DHABI / WAM Saif Hadef Al Shamsi, Assistant Governor for Monetary Policy and Financial Stability at the UAE Central Bank, said that total Islamic banking assets in the UAE have increased to approximately AED520 billion in the past few years. Al Shamsi added that Islamic banking’ assets account for around 20 percent of AED2.6 trillion of the total ...

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• 2 March

  Has America gone complacent?

  

    The same may be true of the economy. So says Tyler Cowen, author of the new book “The Complacent Class: The Self-Defeating Quest for the American Dream.” Although we’ve recovered from the Great Recession, there are widespread fears that the economy will stagnate or grow only slowly. Government won’t be able to handle the next crisis, whether a war, ...

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• 2 March

  Xiaomi is the Chinese threat Trump should be watching

  

    If you want an example of the threat faced by the U.S. from an emerging China, look no further than Xiaomi Corp. The electronics manufacturer has made the bold move into designing its own smartphone chips. Of the vast variety of semiconductors that reach the market every year, it’s those processors used in mobile phones that are among the ...

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• 2 March

  Find out what McMaster really thinks

  

    National security adviser is not a position requiring congressional approval. But because President Donald Trump’s new choice to fill the job, Lieutenant General H.R. McMaster, wants to continue as a high-ranking active-duty officer, the Senate needs to approve his appointment. It should use the opportunity to hold a hearing and invite McMaster to elaborate on his vision of the ...

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• 2 March

  Syria talks inch forward, hurdles remain

    After almost a week of meetings, diplomats and negotiators representing Syrian regime and opposition factions in the UN-mediated talks appear to have made modest achievements. The latest round of Syria talks in Geneva was centred on setting agenda for future talks, which could bolster opposition demands for a political transition in which Syrian President Bashar Assad would have to ...

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• 2 March

  Circular on preparation of draft of 2018 federal budget issued

    DUBAI / WAM In line with preparing the draft of the federal budget for the fiscal year 2018, which covers the second year in the five-year plan for 2017-2021, H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance (MoF), issued the financial circular No. (1) of 2017 concerning the preparation of the draft ...

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• 2 March

  Mohamed attends Union Fortress live military demonstration

    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 Thursday attended the Hosn Al Ittihad (Union Fortress), a public live military demonstration involving all branches of the UAE Armed Forces, held at Abu Dhabi’s Corniche. HH the Crown Prince was flanked by ...

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• 2 March

  Etisalat and Qualcomm join hands to accelerate 5G development

    Abu Dhabi / WAM Etisalat Group and Qualcomm Technologies Inc. have on Thursday signed a strategic agreement to work together to advance the development of next generation network technologies. The collaboration will focus on accelerating 5G standardisation to bring forward the possibility of commercially available 5G networks as early as 2019. As part of the agreement, the two companies will ...

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• 2 March

  ADIHEX to kick off in September

    Abu Dhabi / WAM The 15th edition of the Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX) will be held from September, 12-16 at Abu Dhabi National Exhibition Centre (ADNEC). The event will be held under the patronage of H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in the Western Region and Chairman of the Emirates Falconers Club. The ...

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• 2 March

  DGCX volumes continue upward trajectory in February

    Dubai / WAM Daily volumes on the Dubai Gold and Commodities Exchange (DGCX) in February traded 62,844 contracts per day. Trading activity on the exchange’s Indian products remained consistent on the back of increased volatility in Indian markets due to the Union Budget announcement made at the beginning of the month and the ongoing state elections. The DGCX Indian product ...

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