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DUBAI / WAM Dubai Exports, the export development agency of the Department of Economic Development (DED) in Dubai, is set to connect exporters in the UAE to new and strategic markets across Europe, Asia and Africa in 2016 after its target sectors and overseas offices across six countries brought remarkable outcomes in 2015. With local exporters and manufacturers venturing successfully ...

Sunaina Rana / EMIRATES BUSINESS If you had been to the recent International Education Show (IES) in Sharjah, you would have been amazed to see a bevy of leading universities and visitors flocking to the event. It was a massive draw. Witnessing the show from close quarters, it became quite apparent that Sharjah is on the fast track of becoming ...

ABU DHABI / WAM The Central Bank of the UAE has signed a Memorandum of Understanding (MoU) with the Reserve Bank of India (RBI) in Mumbai, to consider a Currency Swap Agreement between the two countries. Mubarak Rashed Al Mansoori, Governor of the UAE Central Bank signed the MoU on behalf of the UAE and Governor Dr Raghuram Rajan signed ...

Dubai / EMIRATES BUSINESS Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA), revealed that the total expenditure budget approved for RTA in 2016 amounted to AED7.609 billion comprising an Operational Budget in the order of AED3.913 billion, and an Infrastructure Projects Budget estimated at AED3.696 billion.

Abu Dhabi / EMIRATES BUSINESS The Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy and sustainable technologies, has announced the successful initiation of its Concentrated Solar Power on Demand Demonstration pilot at the Masdar Institute Solar Platform. The demonstration is intended to show that the novel single-tank thermal energy storage system may prove ...

Singapore / AFP Oil prices turned lower again on Monday as Iran prepared to ship its first consignment of the commodity since sanctions were lifted, reigniting worries over a global supply glut. Both main contracts had soared more than 10 percent Friday on a report that the OPEC producers’ club was open to output cuts that could drag prices up ...

Sydney / AFP A nuclear dump in an Australian state could handle 13 percent of the world’s atomic waste and prove “highly profitable” in the long term, initial findings from a high-level inquiry said on Monday. The prospect of a nuclear dump in the vast nation has proven controversial in the past. Australia has yet to decide where to store ...

Abu Dhabi / EMIRATES BUSINESS Manazel Real Estate PJSC, a leading UAE developer, on Monday announced its results for the twelve months ended 31 December 2015, the first full year results since listing on the Abu Dhabi Securities Exchange in November 2014. Strong growth in earnings reflects a robust performance for the year. Net profit grew 29% to AED 195 ...

Abu Dhabi / WAM Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has received the credentials of new ambassadors of fraternal and friendly countries, at Mushrif Palace in Abu Dhabi. Present were H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, H.H. Lt. General Sheikh Saif bin ...

Aubai / WAM The Sharjah Economic Development Department (SEDD) has launched an estimated fee calculating service for releasing new and old licenses as confirmation of its continuity in developing e-services and to support the rapid shift toward smart government by adopting the latest technologies for the services and facilitates provided to investors in Sharjah. The Department, through such smart applications, ...