Thursday , 24 January 2019

Business

UAE economy stays robust despite global headwinds

The UAE’s solid and diversified economy has softened the effects of both lower oil prices and weakened global demand for trade. This will also lead to prosperous years ahead for the UAE economy, according to a new report from the Dubai Chamber of Commerce and Industry (Dubai Chamber). In addition to increased confidence, the UAE’s economic outlook is buoyed by …

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UAE and China: Business and trade deals signed during the historic visit

The United Arab States and China have signed more than a dozen business and trade agreements and memoranda of understanding during a landmark visit by the Chinese President Xi Jinping to the UAE over the past three days. The agreements included an announcement on Friday that a Chinese state-owned financial services company would set up within Abu Dhabi’s main financial …

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UAE, China sign 13 agreements and MoUs

MoUs signed between the two countries with the aim to strengthen strategic partnerships and bilateral cooperation across various sectors His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President …

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Saudi’s growing e-commerce market offers global tech opportunities

Saudi Arabia’s e-commerce sector is set to explode, and the IT sector in the country will see increased demand as a result The battle for Saudi Arabia’s e-commerce market is hotting up, after US tech giant Amazon purchased Gulf retailer Souq.com last year, in a bid to spread its reach into the kingdom. Meanwhile, Saudi Arabia’s first homegrown mega e-tailer, …

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Thomson Reuters and SOURCEitHR sign partnership agreement to support SMEs in Jordan

Accelerate SME was launched by Thomson Reuters in partnership with Bank Al Etihad Accelerate SME, a comprehensive digital platform and resource center for small businesses in Jordan by Thomson Reuters and supported by Bank Al Etihad as a strategic partner, recently signed an agreement with SOURCEitHR, a subsidiary of MenaITech which provides human resource management outsourcing solutions locally and regionally. …

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DIFC’s Class of 2018: The new additions to Dubai’s main financial hub

Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day Dubai International Financial Centre (DIFC) has reported that the number of registered companies within the finance-focused free zone rose 8 percent to break through the 2,000 mark during the first half of 2018, with some of the new …

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ITFC Paves the Road to Innovation in Islamic Trade Financing

A Partnership with CISL to Shape the Future of Innovation Sustainability The International Islamic Trade Finance Corporation (ITFC) (ITFC-IDB.org), member of the Islamic Development Bank Group, and the University of Cambridge Institute for Sustainability Leadership (CISL), an academic institution within the University of Cambridge that builds sustainability leadership capacity to tackle critical global challenges, join together in  partnership  for shaping …

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Oriental opportunity: UAE seeks more trade with China

The United Arab Emirates Ambassador to the People’s Republic of China has said that he hopes the country will be able to double its trade with China over the next 10 years ahead of a three-day visit to the emirates later this week by China’s President, Xi Jinping. According to the UAE’s state news agency WAM, Dr Ali Obaid Al …

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Saudi Arabia gives SA energy sector $10bn boost

By – SAnews.gov.za A $10 billion investment pledge into the South African energy sector by Saudi Arabia is set to enhance energy security, create capacity and reduce the cost of energy in South Africa. The pledge was made during President Cyril Ramaphosa’s State visit to Saudi Arabia, which began on Thursday. “This commitment from the Kingdom is a demonstration of …

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UAE Exchange Rebrands its Africa Operations as Unimoni

Parent “Finablr” has announced plans to invest USD 100 million to expand its Africa operations over the next decade UAE Exchange, a leading global money transfer, foreign exchange and payment solutions brand, announced the rebranding of its Africa operations as “Unimoni”. The announcement was made by Promoth Manghat, Executive Director of Finablr and Group CEO, at an event held in …

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