finance & economy

August 17, 2019

WAM) -- Breakbulk Middle East, BBME, a breakbulk and project cargo event in the GCC, will be held on 25th and 26th February, 2020, at the Dubai World Trade Centre.

To be held under the patronage of Dr. Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development and Chairman of Federal Transport Authority for Land and Maritime, it will be the second consecutive year Dubai will be hosting the comprehensive two-day conference and exhibition, according to a press release issued by the organisers on Thursday.

With Dubai consistently elevating its stature"...

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August 17, 2019

(WAM) -- Around 514 companies operate in the spice trade sector in Dubai, according to a new report released by the Business Registration and Licensing, BRL, sector in the Dubai's Department of Economic Development, DED.

The report, which includes statistics on the number of companies operating in Dubai and their activities, aims to familiarise entrepreneurs with the spices sector and highlight its role in adding value to the economy, said a press release issued by the DED on Thursday.

Of the 514 companies, 375 licences were issued for 'Trading of spices',"...

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August 17, 2019

(WAM) -- Emirates General Petroleum Corporation, 'Emarat', has announced the appointment of Ali Khalifa Al Shamsi as its new Director-General.

Al Shamsi has a long and distinguished career spanning three decades in exploration and production sector and its relations with the national and international oil companies, said an Emarat statement issued on Thursday. He has held several positions in this sector, including his latest position as CEO of Yasat Petroleum Operations, one of Abu Dhabi National Oil Company, ADNOC, Group companies; Director of Strategy and Coordination Department in ADNOC; and Chairman of Abu Dhabi International Petroleum"...

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August 17, 2019

Since the UAE's job market is highly competitive - with people jockeying for position not just locally but also regionally and globally - maintaining proper profiles and populating it to catch the attention of the HR executives is of utmost importance in order to improve chances of getting hired.

'The local market is becoming very competitive. We are living in a city which is among the top cities, where people from other parts of the world want to relocate to,' says Anas Al Marei, director of social media solutions at PwC Academy.

'So we are not only"...

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August 15, 2019

Bilateral relationship between the UAE and Zimbabwe will grow to be three times greater than that of today in the near future, said the UAE Ambassador to Zimbabwe, Mahash Saeed Salem Mahash Al Hameli.

The Ambassador was quoted while recently leading a high level delegation and participating at a handover ceremony of medical equipment donated to Zimbabwe’s Ministry of Health and Child Care at Harare Central Hospital.

Republic of Zimbabwe President Emmerson Mnangagwa, was on hand to host the event, commended the UAE in its initiative to not only donate over $2 million in equipment and medicines to Zimbabwe’s National Pharmaceuticals Company (NatPharm) but in also announcing the intent"...

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August 15, 2019

ABU DHABI, 14th August, 2019 (WAM) -- Social start-ups shortlisted for the 'Ma’an Social Incubator' programme were taught the basics of a successful business pitch today at a masterclass organised by the Authority for Social Contribution, Ma’an.

The training was designed to prepare the teams for their formal pitch to a judging panel in late August where the 25 finalists will be narrowed down to 10 teams who will participate in the incubator programme.

The first incubator of its kind in Abu Dhabi focused on growing social businesses, the ventures"...

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August 15, 2019

ABU DHABI, 14th August, 2019 (WAM) -- Data released by the Statistics Centre - Abu Dhabi, SCAD, noted a 1.1 percent decrease in the Consumer Price Index, CPI, for July 2019, reaching 110.4 percent compared to 111.6 percent in June 2019.

The monthly publication released by SCAD provides an analysis of the emirate's CPI with the base year being 2014.

SCAD noted that Abu Dhabi's CPI also decreased by 1.4 percent in July 2019 compared to the same month in 2018, reaching 110.4 percent compared to 112 percent.

The"...

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August 15, 2019

ABU DHABI, 14th August, 2019 (WAM) -- The first half of 2019 saw an input of AED2.3 billion into the Abu Dhabi economy, revealed the Abu Dhabi National Exhibitions Company on Wednesday.

In a statement, the company said that its Abu Dhabi National Exhibition Centre, ADNEC, and Al Ain Convention Centre, AACC, contributed AED2.3 billion to the Abu Dhabi economy in H1 2019, taking the company’s cumulative economic impact to AED34.3 billion since its establishment in 2005.

'The company’s direct and indirect contribution to the UAE capital’s economy"...

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August 15, 2019

AJMAN, 14th August, 2019 (WAM) -- The Ajman Free Zone has signed a Memorandum of Understanding, MoU, and associated documents with Dubai Insurance Company to provide insurance services to workers employed by organisations operating within the free zone.

The new service will replace the current bank guarantee system and will cover all the dues of workers, including the end of service gratuity, annual leave unpaid salaries and the cost of a return ticket home.

Mohammad Tahsin Al Ali, Chief Operating Officer at Dubai Insurance Company, attended the signing ceremony with"...

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August 15, 2019

BCW (Burson Cohn & Wolfe), a leading global communications agency, today announced the introduction of BCW Entertainment, a new suite of entertainment offerings designed to move people and build brands through pop culture. BCW Entertainment is powered by Beverly Hills-based BWR, a leading entertainment firm and member of BCW Group that has honed its expertise over the past four decades.

“In today’s world, gaining attention and influence is becoming more complex,” said Donna Imperato, Global CEO, BCW and CEO, BCW Group. “A smart entertainment strategy will attract people as they go about their lives, attending events and"...

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