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Indigenous Brazilian tribe certified to trade carbon credits

Brazil’s Paiter Suruí community has become the first indigenous group in the country to receive international certification to sell carbon credits in return for protecting and restoring forests in their Amazonian territory. The Suruí community, which numbers around 1300 people, was first contacted by outsiders in 1968. Over the past decade, with assistance from environmental advocates, they have conducted a sophisticated campaign …

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Statement by an IMF Mission to Egypt

A staff mission from the International Monetary Fund (IMF) visited Cairo from March 25 to April 10 to continue discussions on possible financial support requested by the Egyptian authorities for their economic program. At the conclusion of the visit, the mission issued the following statement: “The IMF team held productive discussions with the Egyptian authorities, and met with members of …

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Islam Analysis: Discover what drives efficient innovation

Several Muslim countries rank among the world’s most efficient innovators. They must build on this success, says Athar Osama. Ever since the global business school INSEAD (Institut Européen d’Administration des Affaires)started producing the Global Innovation Index reports in 2007, Islamic countries have performed rather unremarkably. In the last three years, for instance, the top-3 performers have been the United Arab Emirates (ranked 24th …

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AID POLICY: Does private money buy independence?

Private donors are growing steadily more important to global aid, contributing one-quarter of the estimated US$73.9 billion spent on emergency assistance from 2006 to 2010. Among the favourable factors in private funding are independence from the political motivations of donors, being able to react fast, and the opportunity to focus on forgotten crises. But the lack of tracking creates an …

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No asset can be viewed as truly safe: IMF

The global financial crisis and concern about debt levels in many advanced economies showed no asset could be viewed as truly safe, the International Monetary Fund (IMF) said on Wednesday. “Recent rating downgrades of sovereigns, previously considered virtually riskless, reaffirm that even highly rated assets are subject to risks,” the IMF noted in a report released ahead of its and …

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UAE: Comguard Strengthens Its Security Offering with Solera Networks

Dubai, UAE, 12th April 2012 – Comguard , a Dubai based leading value added distributor for IT security products and solutions in the Middle East and North Africa region, today announced that it has added Security Intelligence and Analytics vendor Solera Networks, to compliment its broad security solutions portfolio in the Middle East region. Together, ComGuard and Solera Networks will deliver advanced security solutions that …

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First MENA Businesswomen’s Network Forum hosted by Dubai Business Women Council opens today

Dubai Business Women Council (DBWC) has today (Thursday, April 12, 2012) inaugurated the first edition of the MENA BWN Forum, the annual gathering of the members of the MENA Businesswomen’s Network (BWN) that will run until April 13, 2012 at Park Hyatt in Dubai. Held under the patronage of H.E. Sheikha Lubna Al-Qasimi, UAE Minister of Foreign Trade, the MENA …

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Dubai Exports highlights potential for food trade in emerging African markets

Dubai, 11 April 2012: Dubai Exports, the export promotion agency of the Department of Economic Development – Government of Dubai, has produced a report on the food and beverage sector in the South African Development Community (SADC), to assist UAE manufacturers and exporters in the sector to access new and emerging markets in Southern Africa and to boost trade from …

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Statement by an IMF Mission to Egypt

A staff mission from the International Monetary Fund (IMF) visited Cairo from March 25 to April 10 to continue discussions on possible financial support requested by the Egyptian authorities for their economic program. At the conclusion of the visit, the mission issued the following statement: “The IMF team held productive discussions with the Egyptian authorities, and met with members of …

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SHUAA Capital appoints Colin Macdonald as Group CEO

  SHUAA Capital, the leading financial services institution in the GCC region, announced today that His Highness Sheikh Maktoum Hasher Al Maktoum will assume the position of Executive Chairman with immediate effect. The company also announced that Colin Macdonald will join the company as Group Chief Executive Officer from 12 April 2012. He will take Michael Philipp’s place who has …

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