Tuesday , 19 March 2019

Investment

DED Ajman’s business confidence index score reaches 116 points during Q1 2018

‘The confidence of the investment community is driving us forward to reach the highest levels of economic competitiveness and leadership’ UAE – The Department of Economic Development in Ajman (DED Ajman) has achieved a remarkable business confidence index score of 116 in the first half of 2018, up from 109 points in the first half of 2016. The high score, …

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Abu Dhabi completes $28mln infrastructure projects

The projects saw the construction of 8.1 km of internal roads, 10.165 km of drinking water network, 10.34 km of rainwater drainage network, 5.316 km of sewerage network The Abu Dhabi City Municipality said it has completed Dh102.8 million ($28 million) worth of infrastructure projects including the Nahda Al Askariyah, Baniyas and Al Shawamekh internal roads development work. The projects …

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Know your numbers: Advisors welcome banks’ attempt to improve financial knowledge among business owners

Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day The introduction of a new guide aimed at improving the financial literacy of business owners has been welcomed by advisors. The UAE Banks Federation (UBF) announced yesterday that the 64-page guide has been produced as part of its …

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500 Startups invests in 12 Middle East and North Africa (MENA) startups as part of the second ‘MENA DOJO’ series a program

Silicon Valley based 500 Startups, the most active early-stage Venture Capital firm in the Middle East and North Africa (MENA) region, has announced twelve pre-Series A regional companies participating in the second edition of the MENA Dojo Series A Program following a very rigorous selection process. The startups in this batch include : Eyewa, online glasses and contact lenses retailer; …

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UAE’s Arabtec wins its first international deal in 12 months – CEO

Contractor eyeing Saudi Arabia and Egypt, the region’s two biggest markets, as it seeks to grow its order book. Contractor Arabtec is set to make a return to the Egyptian market as part of a renewed push beyond its core market of the United Arab Emirates. The company’s chief executive Hamish Tyrwhitt told Zawya in an interview in Dubai last …

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South Korea’s trade minister highlights five key sectors for UAE investors

Kim Hyun-Chong says opportunities exist in tech, biotech, petrochemicals, construction and in cultural content and consumer goods By Michael Fahy, ZAWYA South Korea’s Minister of Trade highlighted cooperation in the petrochemicals sector as one of five key markets where trade opportunities between his country and the United Arab Emirates can be developed further. Speaking at the Annual Investment Meeting in …

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Seed investments: The ideas the UAE is backing to help boost rainfall levels

Zawya speaks to the three scientists whose ideas have received $5 mln via this year’s Rain Enhancement Programme. By Nada Al Rifai, ZAWYA As the United Arab Emirates navigates the path to raise its water security levels, the arid Gulf country is funding a number of new research ideas aimed at boosting rainfall. The UAE’s Rain Enhancement Programme this year …

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Egypt encourages savers to invest in shares- exchange head

The chairman of Egypt’s stock exchange has said that it is working on a campaign to increase demand for shares from within the country as well as looking to make it more attractive to international investors. Mohamed Farid told Zawya on the sidelines of a conference held by investment bank EFG Hermes on Monday that alongside efforts to increase the …

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Chinese firm wins $163mln contract for Damac’s Dubai skyscraper

China State Construction to build tower at Aykon City overlooking Dubai Canal. Damac Properties has announced the award of a 600 million UAE dirham ($163.4 million) contract to build a tower at its Aykon City project on Sheikh Zayed Road in Dubai. The company has chosen China State Construction Engineering Corporation’s Middle East (CSCEC) arm to build the tower overlooking …

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Saudi extends licences for foreign investors for up to five years

Foreign investor licences currently only last for 12 months. By Nada Al Rifai, ZAWYA Saudi Arabia’s General Investment Authority (SAGIA) has extended the licensing period for foreign investors to five years – up from one year at present. A statement sent by SAGIA to Zawya said that the licensing period can also be renewed upon expiry of the five-year period, …

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