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Tag Archives: UAE

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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$700 commercial licence launched in UAE

Invites entrepreneurs to raise funds and later list those startups on the financial exchange The Abu Dhabi Global Market (ADGM) on Saturday launched a commercial licence for technology startups at a nominal cost of Dh2,570, inviting entrepreneurs to raise funds and later list those startups on the financial exchange. The financial centre said in a statement that the new licence …

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UAE businesses opt for flexible workplaces

UAE business leaders and risk managers are adopting flexible real estate strategies to grow their company and mitigate against risk UAE business leaders and risk managers are adopting flexible real estate strategies to grow their company and mitigate against risk, according to a new study by International Workplace Group (IWG), the parent group of workspace companies including Regus. The UAE …

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UAE insurtech start-up Aqeed makes splash with advertising blitz

CEO says Aqeed’s shareholders, which include companies specialising in reinsurance and media buying, bring more than money to table For a start-up, insurance technology (insurtech) firm Aqeed has succeeded in making itself well-known since launching across the United Arab Emirates in April. Many UAE residents may still be unsure as to the purpose of the Dubai-based company, which raised $18 …

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UAE’s Khalifa Fund calls entries for entrepreneurs contest

Pitch@PalaceGCC to encourage innovation among the youth and promote SMEs. Khalifa Fund for Enterprise Development is inviting creative entrepreneurs to participate in the second edition of ‘Pitch@PalaceUAE’ and the first edition of ‘Pitch@PalaceGCC to encourage innovation among the youth and promote SMEs. Pitch@Palace plays a vital role in supporting innovative enterprises and ideas at the local and regional levels, with …

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