Thursday , 21 November 2019

Investment

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, 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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Saudi Arabia gives SA energy sector $10bn boost

By – SAnews.gov.za A $10 billion investment pledge into the South African energy sector by Saudi Arabia is set to enhance energy security, create capacity and reduce the cost of energy in South Africa. The pledge was made during President Cyril Ramaphosa’s State visit to Saudi Arabia, which began on Thursday. “This commitment from the Kingdom is a demonstration of …

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China’s Xi pledges $20bln in loans to revive Middle East

The loans will fund a plan of “economic reconstruction” and “industrial revival” that would include cooperation on oil and gas, nuclear and clean energy, Xi said Chinese President Xi Jinping on Tuesday pledged a package of $20 billion inloans and $1.6 billion in financial aid to countries in the Middle East, as part of what he called an “oil and …

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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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