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ADGM joins EquiChain's Market Infrastructure Group
Source : Gulf Today  
Date : 2017-02-15
The Abu Dhabi Global Market (ADGM) has become a member partner of the industry working group, the Market Infrastructure Group, established by EquiChain, a London-based FinTech company....
'UAE can benefit from Pak initiative under CPEC'
Source : Gulf Today  
Date : 2017-02-15
The Pakistani Ambassador to the UAE has spoken about how both countries can benefit from the China-Pakistan Economic Corridor (CPEC), a part of China's ambitious One Belt, One Road multi-billion...
DAMAC Properties Dubai reports net profit of Dhs3.69b in 2016
Source : Gulf Today  
Date : 2017-02-15
DAMAC Properties has announced on Tuesday the financial results for the full year 2016. According to results, suring 2016, DAMAC recorded revenues of Dhs7.16 billion, with gross profit margins...
'UAE can become world's startup capital'
Source : Gulf Today  
Date : 2017-02-15
While the proliferation of technology has created unprecedented opportunities for growth, its disruptive power also poses considerable economic challenges, whether it is the dislocation of jobs or the growing digital...
Foreign investors buy Dhs3 billion shares on ADX
Source : Gulf Today  
Date : 2017-02-15
Foreign investors' purchases in Abu Dhabi Securities Exchange (ADX) in January 2017 reached Dhs 3.13 billion, representing 40.4 per cent of total buy trades, whereas their sell stood at Dhs...
16 UAE major banks' profits at Dhs35.31b
Source : Gulf Today  
Date : 2017-02-15
The net consolidated profits of 16 UAE major banks dropped by around 6 per cent to Dhs35.31 billion in 2016, down from Dhs37.64 billion in 2015....
Dubai Chamber presents CSR Label to 39 companies
Source : Gulf Today  
Date : 2017-02-15
Dubai Chamber of Commerce and Industry honoured 39 companies for their corporate social responsibility and sustainability efforts during a recognition ceremony held at its premises on Tuesday....
UAE's move to prioritise innovation highlighted
Source : Gulf Today  
Date : 2017-02-15
Engineer Sultan Bin Saeed Al Mansoori, Minister of Economy chaired the seminar on innovation and the future of economy at the World Government Summit, a global platform dedicated to shaping...
VP issues law on Dubai Economic Council
Source : Gulf Today  
Date : 2017-02-15
Vice President and Prime Minister of the UAE, His Highness Sheikh Mohammed Bin Rashid Al Maktoum, in his capacity as Ruler of Dubai, has issued Law No.03 of 2017, transferring...
RTA signs deal with Tesla to buy 200 electric vehicles
Source : Gulf Today  
Date : 2017-02-15
The Roads and Transport Authority, RTA, of Dubai signed an agreement with Tesla Inc., a world-leading manufacturer of autonomous electric vehicles, to buy 200 hybrid electric vehicles fitted with several...
Oman seeks global tie-ups to treat 'produced water'
Source : TradeArabia  
Date : 2017-02-15
Petroleum Development Oman (PDO) is seeking international partners to process volumes of 'produced water' that it generates daily as a result of its oilfield operations, into "steam quality water", a...
Sheikh Mohammed launches Dubai 10X initiative
Source : TradeArabia  
Date : 2017-02-15
UAE Vice President and Prime Minister and Ruler of Dubai, HH Sheikh Mohammed bin Rashid Al Maktoum has launched the plan Dubai 10X, which sets the Government of Dubai on...
Kuwait sees Opec leaning on non-members for more cuts
Source : Gulf Times  
Date : 2017-02-15
Opec is urging oil suppliers outside the group to fulfil their commitments to cut output, and crude prices will rise once producers demonstrate better compliance with their agreement to clear...
Qatar net asset position 'positive' on large external savings
Source : Gulf Times  
Date : 2017-02-15
Qatar and other Gulf Cooperation Council countries except Bahrain maintain "positive" net asset positions given their large external savings, Samba Financial Group has said and noted that the "GCC debt...
Riyadh, Jeddah among Global Cities of the Future
Source : TradeArabia  
Date : 2017-02-15
Saudi Arabia's capital Riyadh ranks fourth followed by Jeddah, in the list of Global Cities of the Future, developed for the ongoing World Government Summit 2017 in Dubai, UAE....
$450b of foreign investments should be attracted in 9 years
Source : Tehran Times  
Date : 2017-02-15
Iran needs to attract $450 billion of foreign investments by 2026, the head of the investment panel at the Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) announced....
Manila eyes better trade, investment ties with Riyadh
Source : Arab News  
Date : 2017-02-15
A senior government official from Manila, who is on a brief visit to the Kingdom, told Arab News that he foresees a greater economic cooperation between Saudi Arabia and the...
Emaar surpasses Dh5b in net profit
Source : Khaleej Times  
Date : 2017-02-15
Emaar Properties crossed the Dh5 billion mark in 2016 net profits, recording Dh5.23 billion, from a 28 per cent growth over 2015. Revenues totalled Dh15.54 billion, up by 14 per...
Oman's budget deficit estimated at OMR5b for 2016
Source : Times of Oman  
Date : 2017-02-15
Oman's budget deficit for 2016 stood at OMR5,010.5 million as falling crude oil export revenues started affecting fiscal balance, according to the latest monthly statistics released by the Central Bank...
Qatar has potential to lure up to $15bn funds inflows
Source : Gulf Times  
Date : 2017-02-15
Qatar, which has potential for $10bn to $15bn overseas funds inflow since its upgrade into emerging market, like other Gulf countries have been "grossly underestimated" by international investors, according to...
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