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DUBAI / WAM Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (Measa) region, on Tuesday announced it is the first financial centre in the region to enter into an agreement with the Alternative Investment Management Association (Aima), the alternative investment industry’s pre-eminent voice globally, representing over 2,100 corporate members with ...

SEOUL / WAM Abdullah bin Touq Al Marri, Minister of Economy, led the UAE delegation on a visit to Samsung’s headquarters in the Republic of Korea to learn about the company’s future expansion and investment plans and strengthen its partnership with the UAE market. The minister was received by Oh-Hyun Kwon, CEO and Vice President of Samsung Electronics. The UAE ...

SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) held a press conference to reveal the details of the 7th edition of the Al Dhaid Date Festival. The conference, held at the Al Dhaid Expo Centre, was attended by strategic partners from government departments and institutions. During the conference, Mohamed Ahmed Amin Al Awadi, Director-General, SCCI, emphasised that ...

HIRSHABELLE / WAM The Emirates Red Crescent (ERC) has intensified its humanitarian efforts to support those affected by the floods that hit the Beledweyne area of Hirshabelle, Somalia. In collaboration with relevant authorities in the state, the ERC, through its office in Mogadishu, provided urgent and diverse relief assistance to thousands of affected families suffering after the devastating floods. The ...

ABU DHABI / WAM The Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the emirate, has set Emiratisation targets “Tawteen” for all healthcare facilities operating in Abu Dhabi to provide 5,000 new job opportunities for UAE nationals until the end of the year 2025. DoH called on all healthcare facilities in the emirate to ...

ABU DHABI / WAM The UAE ranked seventh in the world in terms of per capita national income, according to the latest data released by the World Bank. The per capita income in the UAE, based on purchasing power parity (PPP) in current international dollars, rose to Int$87,729 in July 2022, an increase of Int$10,781 from 2021. The international dollar ...

SHARJAH / WAM Arada has reported a record-breaking sales performance during the first half of the year, as buyer demand for its lifestyle communities in Sharjah and Dubai continues to gather pace. The master developer posted a 186 percent increase in sales in the first six months of 2023 compared to the same period in the previous year, with the ...

DUBAI / WAM Deyaar Development PJSC has announced the launch of Jannat, the final residential district of Deyaar’s flagship community project Midtown, which will be completed by Q2 2026. The district of Jannat, with a built-up area of 521,400 square feet (sq ft), comprises two towers seamlessly connected by a bridge and is strategically located at the heart of Midtown ...

ABU DHABI / WAM The Emirates Red Crescent (ERC) has organised a “Knights of Humanity” event to honour the volunteers of the Syrian Arab Red Crescent in four Syrian provinces. The ERC’s move is part of Operation Gallant Knight 2, launched by the Joint Operations Command of the Ministry of Defence. It aimed to recognise the UAE’s continuous humanitarian and ...

DUBAI / WAM Dubai real estate market recorded 602 sales transactions worth AED1.86 billion, in addition to 104 mortgage deals of AED244.26 million, and 18 gift deals amounting to AED108.8 million on Monday, data released by Dubai’s Land Department (DLD) showed. The sales included 513 villas and apartments worth AED1.18 billion, and 89 land plots worth AED682.89 million. The mortgages ...