Saturday , 15 December 2018

Tag Archives: UAE

UAE kicks off $50mln green energy projects in the Caribbean

Solar projects in the Bahamas, Barbados, and St Vincent and the Grenadines will significantly cut energy costs The first three renewable energy projects under the $50 million UAE-Caribbean Renewable Energy Fund (UAE-CREF) have broken ground in the Bahamas, Barbados and Saint Vincent & the Grenadines, the UAE Ministry of Foreign Affairs and International Cooperation (MOFAIC) announced today. Fully financed by …

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Grade 12 students, fresh graduates can stay in UAE for two more years

The policy is particularly beneficial to male students above 18 and under their parent’s visa Students dependent on their parents after Grade 12 and those who have finished their university studies can soon be granted a one-year extension of their residence visa twice, according to the new visa reforms to be implemented starting next week. Brigadier Saeed Rakan Al Rashidi, …

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UAE fully ready for tech disruptions of the future

The UAE is all set to meet the challenges that disruptive technologies will bring in the coming years, experts at the fifth edition of the Global Innovation Summit said. Jointly hosted by the Department of Economic Development (DED) in Dubai and SPI Greatsands Group, the event celebrated the achievements of several innovators across various sectors including technology, aviation, and healthcare. …

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Dafza starts work on $871mln Dubai e-commerce city

Launched in 2017, Dubai CommerCity is spread over an area of 2.1 million sq ft in Umm Ramool, Dubai Airport Freezone Authority (Dafza) and UAE developer Wasl Asset Management Group said early works have commenced on their ambitious Dh3.2 billion ($871 million) Dubai CommerCity project and the piling and shoring will begin next year. Launched in 2017, Dubai CommerCity is …

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UAE preparing to launch KhalifaSat in Japan

The UAE’s commercial space industry will also be positively impacted by the launch of this satellite. The UAE’s first fully Emirati-built satellite has reached Japan’s island of Tanegashima for its upcoming liftoff to space on October 29. The Mohammed bin Rashid Space Centre (MBRSC) posted a video of KhalifaSat’s journey to Tanegashima on Twitter on Friday, where the satellite can …

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UAE Space Agency to unveil investment strategy in October

Total Emirati investments in space sector valued at over $5.98bln so far in 2018 The UAE Space Agency has been preparing a full-fledged strategy to invest in the GCC country’s space sector in cooperation with relevant authorities. The anticipated strategy will be announced next October, according to the local business platform Arabian Business. The strategy aims at reinforcing the contribution …

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All about the green: UAE’s wealthy more likely to invest sustainably

Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended weekend reading Wealthy individuals from the United Arab Emirates are more likely to place a part of their portfolio in sustainable investments than their global counterparts, according to Swiss investment bank UBS. The bank’s latest UBS Investor Watch report issued on Thursday found that …

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Softbank, Mubadala aim to bring investee companies to UAE and Saudi Arabia

Softbank Investment Advisers says “number one goal” of new office is to bring portfolio companies to the region The head of investment giant Softbank’s new Middle Eastern offices has said that its new regional bases in Abu Dhabi and Riyadh will be used to bring some of the portfolio companies within its $100 billion Softbank Vision Fund to the region. …

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Jobs in UAE: Banks hire 760 employees in 2018

Local banks increased their hiring while foreign banks reduced the number of employees. UAE banks added 760 employees in the first seven months of this year despite decrease in the number of branches, official figures showed. According to the Central Bank data, local banks increased hiring while foreign banks reduced number of employees during January to July period. In total, …

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UAE stocks gain $2bln following potential bank merger reports

Abu Dhabi’s ADCB, Union National Bank, Al Hilal Bank in talks to merge The UAE stock exchanges gained AED7.5 billion in market cap Tuesday following reports purporting initial negotiations on potential mergers between Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank. The shares of the ADX-listed ADCB and Union National Bank therefore closed high at AED8.00 and …

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