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    Price of medicines in UAE to be slashed from January 1

    The Ministry of Health has announced that the prices of 188 medicines will be reduced from January 1, 2016.

    Dr Amin Hussain Al Amiri, Assistant Under-Secretary for Public Health Policy and Licensing Sector at the UAE Ministry of Health and Vice-Chairman of the Drug Pricing and Registration Higher Committee, said that this is the sixth initiative for cutting the prices of medicines, news agency WAM reported.


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    UAE, Philippines sign new accord on flightsAugust 30, 2015

    A senior government official on Saturday announced the Philippines and the United Arab Emirates have signed a new air agreement increasing the maximum flights from 28 to 35 per week.

    Carmelo Arcilla, the executive director of the Civil Aeronautics Board (CAB), said the agreement was reached after two days of talks by representatives of the two panels of the two countries hosted by Manila from August 27 to 28 .

    “The new agreement will improve Philippine connectivity and also the commercial viability of our routes to the UAE,” Arcilla said in a press statement.

    Under the agreement, he said that, aside from additional flights, the Philippines also obtained in accumulated basis additional air traffic rights to the United Kingdom, US and Saudi Arabia.


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    Deyaar, Turkish developer explore new opportunitiesAugust 30, 2015

    Deyaar Development, a leading Dubai-based real estate development company, has signed a deal with Turkey's Asçioglu Group, a prime developer known for shaping significant real estate projects in Istanbul.

    The memorandum of understanding (MoU) articulates Deyaar's strategy to expand its presence in the wider Middle East region, said a statement.

    The partnership mandates the two entities to jointly develop master developments in both Turkey and the UAE, it said.

    More specifically, the exclusivity MoU will facilitate Asçioglu's engagement in Dubai's hospitality and real estate sectors, while enabling Deyaar to explore new opportunities in Turkey in partnership with one of the nation's pioneering brands in the real estate sector.

    Signed by Deyaar...

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    UAE, Italy boost trade ties

    Business relations between the UAE and Italy reached a greater height with the stakeholders converging on a single platform at the 'UAE Days in Toscana', held in Pisa this weekend. The event marked the end of a long-wait for the traders who craved for striking deals to boost their fortunes.

    In normal circumstances, Dubai-based Maryse Gedeon and Italy-based Giulia Pinzani would not have met personally for business talks, even though they were in touch on phone for more than three years. Similar is the case of UAE entrepreneurs Ibrahim Al Shekaili and Najah Hussain Al Muntafiq.

    The event helped them realise their long-cherished dream. Organised by Abu Dhabi-based Shaikh Khalifa Fund and Sistemaeventi, the four-day-long business initiative gave many UAE residents a chance to bond...

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    DIFC Courts support UAE-Kazakhstan trade ties

    UAE-Kazakhstan business ties were today boosted by the signing of a cooperation agreement between the DIFC Courts and Supreme Court of the Republic of Kazakhstan. The Memorandum of Guidance (MoG) provides businesses operating in both countries with additional certainty should a contractual dispute arise by clarifying the procedures for the mutual enforcement of money judgments.

    Commercial links between the two countries have expanded significantly in recent years, with around $3 billion of UAE investment estimated to be currently deployed in Kazakhstan. With a new financial free zone planned for Astana, Kazakhstan’s capital, trade flows are anticipated to accelerate further over the coming years Michael Hwang, Chief Justice of the DIFC Courts, said: “The UAE and Kazakhstan...

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    Abu Dhabi launches tourism roadshow in key GCC cities

    Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) is touring a number of GCC cities later this month in a promotional campaign featuring Abu Dhabi’s unique tourist offering to boost shoulder season tourism growth.

    Representatives of TCA Abu Dhabi’s tourism sector is meeting with the travel and tourism’s key players in each country to showcase the emirate’s various destinations that combine sea and water attractions, modern entertainment, desert spas and retreats, heritage and cultural sites and charming oases.

    TCA Abu Dhabi also highlights the opportunities and facilities available for the business tourism segment though the incentives and services offered by Abu Dhabi Convention Bureau (Abu Dhabi CB).

    “TCA Abu Dhabi is back...

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    Correct procedure for UAE company to release an employee after resignation

    I work as a sales executive for a company in Abu Dhabi. This is my sixth month with the company, but I am not happy with the work or the pressure they put on me. A month ago I handed in my resignation and I want to return to my home country. Now the company is not ready to release me and is asking about the money spent on me for the visa application and all the other setup costs.

    Can you please guide me through the visa cancellation procedure?


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