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FUJAIRAH / WAM Khalifa Khamis Mattar Al Kaabi, Board Chairman of the Fujairah Chamber of Commerce and Industry, stressed his organisation’s willingness to support and harness potential of small projects that make important contributions to the national economy, as well as to encouraging youth to engage in private business. He made this statement during a meeting with Abdullah Al ...
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February, 2017
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2 February
Gulf slips, Egypt rebounds from Trump-linked slide
DUBAI / Reuters Most Gulf stock markets were weak on Thursday but Egypt’s bourse rebounded after sliding for three days partly on concern that U.S. President Donald Trump’s policies could hurt the economy. The Saudi index edged down 0.03 percent as loss-making Nama Chemicals, which had soared 37 percent in the four days through on Tuesday after it announced ...
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2 February
European stocks fall back as Swatch, Deutsche Bank miss
Bloomberg European stocks fell on Thursday, trimming some of the sharp gains made in the previous session, as lower-than-expected results from Swatch Group AG and Deutsche Bank AG rattled investors. The Stoxx Europe 600 Index was down 0.2 percent at 08:17 a.m. in London. The index gained 0.9 percent on Wednesday, as industrial shares advanced on earnings reports, while ...
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2 February
Japan stocks hit from abroad again as Topix wipes out 2017 gains
Bloomberg Japan’s equity market found itself hostage to global events yet again. This time it was the Federal Reserve, which signaled it’s in no hurry to raise rates, pushing the U.S. dollar lower and strengthening the yen. Like clockwork, shares fell, with the benchmark index wiping out all gains for the year. Then the 10-year yield rose above 0.1 ...
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2 February
ADFD contributes $90mn to Sudan’s power plant
Abu Dhabi /Â WAM The Abu Dhabi Fund for Development (ADFD) contributed a US$90 million concessionary loan for the successful completion of a 320 megawatt hydroelectric power plant in eastern Sudan. ADFD officials attended the official opening of the Upper Atbara and Setit Dam Complex plant, which was inaugurated by Sudanese President Omar Hassan Al Bashir. Mohammed Saif Al Suwaidi, ...
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2 February
UAE to experience dusty, cloudy weather
Abu Dhabi /Â WAM The country’s weather forecaster has said the UAE will experience partially cloudy and dusty conditions on Friday. It will be intermittently cloudy during the day with chances of rainfall in some areas, especially to the north and east, the National Centre of Meteorology and Seismology has predicted. The temperature will fall in most regions, with strong ...
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2 February
Dubai Municipality gears up for ‘Car Free Day’
Dubai /Â WAM Dubai Municipality is all geared up for the eighth edition of the “Car Free Day,” which will be held on February 5 and will see wide-ranging activities. Eng. Hussain Nasser Lootah, Director-General of Dubai Municipality, said that the initiative would witness the participation of several government, semi-government, and private agencies besides the presence of a number of ...
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2 February
Shurooq strengthens safety measures at Al Khan beach
Sharjah / Emirates Business The Sharjah Investment and Development Authority (Shurooq) announced the implementation of new and improved security procedures along the Al Khan beach in Sharjah, in a bid to enhance safety levels for visitors and tourists who progressively visit the beach on a frequent basis. The new safety plan aligns with Shurooq’s mission to provide all leisure, ...
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2 February
MoCCAE to build artificial habitats to ensure sustainability of marine environment
Dubai /Â WAM The Ministry of Climate Change and Environment (MoCCAE) will build artificial habitats to ensure the sustainability of the marine environment and step up the development of living aquatic resources in the UAE. The ministry on Thursday signed a memorandum of understanding (MoU) in this respect with Delma Marine Industrial Supply and Marine Services Company (Delma Marine). Dr. ...
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2 February
Mohamed and Emir of Qatar discuss ties, regional issues
Abu Dhabi /Â WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and His Highness Sheikh Tamim bin Hamad Al Thani, Emir of the State of Qatar, on Thursday discussed ways to strengthen fraternal relations and also reviewed regional and international issues. During the meeting held ...
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