Thursday 19 April 2018
 
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economic

Tawazun announces closing of Alfia Fund

Tawazun Economic Council has announced the closure of Alfia after successfully fulfilling its purpose of serving as an investment fund for defence contractors. Tareq Abdul Raheem Al Hosani, chief executive officer of Tawazun Econo

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Honeywell joins UN to promote sustainable economic development

Honeywell, a global technology and manufacturing leader, has signed a memorandum of understanding (MoU) with the United Nations (UN) Environment to help promote sustainable economic development and raise awareness on the importance of increasing

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DP World to set up economic free zone in Somaliland

UAE-based global marine terminal operator DP World has signed a final agreement with the government of Somaliland to develop a greenfield economic free zone in Somaliland, aimed at complementing the growth of the Port of Berbera.

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Rove Hotels to debut in Saudi Arabia

Rove Hotels, a joint venture of Meraas and Emaar Properties, has announced its plans to expand to Saudi Arabia. Rove King Abdullah Economic City, located centrally in the Bay La Sun waterfront district of King Abdullah Economic Ci

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Ajman DED makes new senior appointment

The Ajman Department of Economic Development (DED) has appointed Abdullah Naser Al Nuaimi as its assistant director general for economic registration and control.    The move reflects the department's co

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Ajman DED makes new senior appointment

The Ajman Department of Economic Development (DED) has appointed Abdullah Naser Al Nuaimi as its assistant director general for economic registration and control.    The move reflects the department's co

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Saudi stimulation plan to spend $53bn in 4 years

Saudi Arabia's economic stimulation plan launched today will comprise 17 initiatives amounting to SR200 billion ($53.32 billion) over the coming four years, said Minister of Commerce and Investment Dr Majed bin Abdullah Al-Qasabi.

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Moderate growth seen for West Asia in 2018: UN report

Despite improvements in global economic conditions, the outlook for Western Asia is mixed, clouded by oil market developments and geopolitical factors, a UN report said.    The real GDP growth rate of the oi

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UAE, Saudi Arabia forge economic, military alliance

UAE and Saudi Arabia have launched an economic and military partnership in a move that will bring the Gulf’s largest economies closer together on a wide range of areas including defence, political institutions and the economy.

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UAE, Brazil discuss development of economic relations

A top official from Ajman Chamber of Commerce and Industry recently met with Fernando Luis Lemos Igreja, Ambassador of Brazil to the UAE, where they discussed ways to enhance and consolidate economic relations between the two sides, said a repor

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