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DUBAI / Reuters The government of Dubai is expected to raise the money needed to extend the city’s metro with an initial loan of roughly $500 million that will later be followed by loans guaranteed by export credit agencies (ECAs), banking sources familiar with the matter said on Monday. The department of finance will approach banks over the next couple ...

Dubai / WAM The 5th Nad Al Sheba Sports Tournament was launched by HH Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of Mohammed bin Rashid Al Maktoum Knowledge Foundation, at the NAS Sports Complex, with the first two preliminary round matches of the volleyball competition held late in the day. “Unlimited Capabilities” is the theme of the 2017 ...

Abu Dhabi / Emirates Business The Department of Finance – Abu Dhabi (DoF) has announced that the ‘Al Maqta’a bidding hall’ processed 26 tenders for seven government entities in Abu Dhabi during the first quarter of 2017, worth over AED 5 billion. The capital and operational project tenders managed by Al Maqta’a during the first quarter of 2017, included service, ...

Sharjah / Emirates Business Adding to its portfolio of new businesses successfully making their way into the industry, Sheraa has facilitated the launch of ‘Tawseel’ (‘delivery’ in Arabic) – a food delivery service helping restaurants keep up with delivery requests without disruption in service. The startup operates with a fleet of eleven delivery bikes, including a Honda CBR 600 bike ...

Dubai / Emirates Business The Dubai Chamber of Commerce and Industry hosted on Sunday a special ceremony at its head office to recognise member companies that have demonstrated outstanding export performance during the first four months of 2017. The exclusive SME Exporter of the Month gathering honoured four companies that operate in the trade sector. Al Bahrain Jewellers LLC was ...

Dubai / Emirates Business wasl properties – Dubai’s leading property management and development company – is celebrating creativity of the holy month, with special Ramadan Art competitions that reward artistic flair with exceptional prizes. The annual competitions welcome participation from all ages, with a painting challenge for children and a photography contest for adults. The entries will be displayed online ...

Abu Dhabi / Emirates Business ACC won four highly regarded International Safety Awards for its work at Meena Tower and the ACC Plant Department in Abu Dhabi, and Fountain Views and Sky View in Dubai. The Merit Awards were presented by the British Safety Council in recognition of the company’s success in establishing a strong health and safety culture across ...

Abu Dhabi / Emirates Business The Ministry of Economy (MoE) emphasized its commitment towards raising the awareness of the UAE’s private sector regarding the latest policies, legislations and administrative procedures adopted by the international community and trading partners. Through this, the Ministry aims to develop a new and integrated outlook on international markets inclusive of their current challenges and opportunities. This ...

Abu Dhabi / WAM A seminar on disseminating awareness about short selling regulations has been organised recently by the Securities and Commodities Authority (SCA), in collaboration with the Abu Dhabi Securities Exchange (ADX). The seminar is part of SCA’s efforts to enhance investors’ knowledge of financial mechanics and systems that are conducive to optimising trading performance and enlarge and upgrade ...

Dubai / WAM Emirates announced that it has made three key management movements within its commercial and cargo operations team in the Middle East. The changes place UAE National talent in key positions that will enhance the airline’s commercial and cargo presence in the region. All of the appointments will be effective from June 1. Commenting on the announcement, Thierry ...