Monday , 24 September 2018

Tag Archives: UAE

17 new international schools set to open in UAE this year

The number of international schools in the region has grown from only 1,159 in 2013 to 1593 in 2018 The market in the Middle East continues to expand, said an industry expert, noting that17 new international schools are opening for the 2018-2019 academic year in the United Arab Emirates, 13 of which are located in Dubai. “Most of the demand …

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Etisalat sells 28.04% stake in Thuraya for $37.32mln

The stake has been sold to Star, a subsidiary of Al Yah Satellite Communications Company Etisalat completed the sale of its stake in Thuraya Telecommunications company for AED137 million (US$37 million) to Star Satellite Communications, the UAE-based telecom firm said in a statement to the Abu Dhabi Securities Exchange Thursday. The stake has been sold to Star, a subsidiary of …

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Padmini Gupta on the app that aims to help improve the lives of low income workers in the UAE

In the latest of our Business For Good series highlighting the philanthropic work of business families, we speak to the founder of the Rise app aimed at improving the lot of the UAE’s domestic workers When an earthquake shook Nepal at noon on Saturday, April 25, 2015, it killed nearly 9,000 people and ruined the lives of more than eight …

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UAE stocks attract foreign investors as H1 results continue

By Zawya- Mahmoud Gamal, Mubasher Listed-stocks have recently hit record highs on the back of the interim financial results The UAE stock markets are currently gaining accumulations by foreign investors as listed-stocks have recently hit record highs on the back of the interim financial results, analysts told Mubasher. Most institutional investors in the UAE’s twin bourses were buyers during Sunday’s …

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UAE Space Agency sponsors eclipse observation events

Residents can witness the longest total lunar eclipse of the century on Friday, July 27 The UAE Space Agency is sponsoring a series of observation points at a number of astronomy centres throughout the UAE, to provide residents with the opportunity to witness the longest total lunar eclipse of the century on Friday, 27th July. Residents are invited to visit …

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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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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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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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