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Mozambique UAE sign air transport pact
(MENAFN - Khaleej Times) Mozambique and the UAE on Thursday in Dubai signed a bilateral accord covering air transport.The agreement will pave the way for airlines to launch services for the movement of passengers and cargo, and will serve as a basis for the growth of trade and investment and the development of partnerships in sectors such as tourism.The accord was signed by UAE Minister of ...
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UAE- Central govts should not bail out subordinate ones
(MENAFN - Khaleej Times) Central governments around the world should not bail out a subordinate government because it creates a 'moral hazard', says a Nobel Laureate."When a central government bails out a subordinate government it subsidises the subordinate government's profligacy and creates incentives for them to want subsequent bailouts," said Dr Thomas J. Sargent, ...
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Knowledge is key to economic growth Mansouri
(MENAFN - Khaleej Times) Sultan bin Saeed Al Mansouri, UAE Minister of Economy, has stressed that knowledge today is crucial to production and economic growth around the world. This came in his opening speech at the 2nd "Economic Policy Development Forum", held under the banner "Sustainable Wealth Based on Knowledge" in Dubai.The minister stated that the UAE's efforts in ...
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HDFC targets 20 GCC growth
(MENAFN - Khaleej Times) HDFC Ltd, India's premier housing finance company, has brought 50 top developers to the 10th edition of India Homes Fair, a property fair exclusively for the Non Resident Indians (NRIs) in Dubai.These 50 top developers are from across India and are showcasing a wide variety of projects to the discerning NRI audience in the UAE. In an exclusive interview with Khaleej ...
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UAE- Hamptons Q1 sales record 41 growth
(MENAFN - Khaleej Times) Hamptons Mena, the premier property services company in the region, recently recorded a 41 per cent growth in the volume of real estate transactions in its primary market of Dubai during the first quarter (January to March) of 2013, compared to the same period last year.The value of the sales transactions, led principally by the residential sector, increased by 38 per ...
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KL Gates advises Nabil Foods founding family on strategic partnership with The Carlyle Group
A Dubai-based team of lawyers from global law firm K&L Gates LLP has advised Jordan's Rassam family on the sale of a significant minority interest in Al Nabil Food Industries Limited Company (Nabil Foods) to global alternative asset manager, The Carlyle Group. The transaction closed on 13 May 2013 and is the first significant investment by an international private equity house into ...
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Al Dar builds the biggest MDX booth for GETEX
In the recent edition of the Gulf Education and training exhibition held at the world trade centre Middlesex University participated with the largest booth which was built by Al Dar Universal communication ...
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Sarpinos Pizzeria opens second restaurant in Dubai Marina
Sarpino's Pizzeria, an international Italian food chain, has announced the opening of its second restaurant in Dubai Marina, next to Marina Yacht Club. The property is part of the Planet Group, a conglomerate of 11 established companies with business interests in hospitality, travel, aviation, freight forwarding, cargo, hotel, real estate, entertainment, food and beverage, exhibitions, ...
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Tawam Osteoporosis Support Group organises Save Your Bones symposium
Tawam Hospital announced that its osteoporosis support group will organise a symposium for osteoporosis patients, their families and orthopaedic professionals at the hospital on May 16, ...
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HP Enterprise Services signs global agreement with SAP AG
HP Enterprise Services announced a new global agreement with SAP AG through which it will deliver managed mobility services to help clients convert customer interactions into revenue opportunities and improve employee productivity with mobile ...
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Waha May Spend 200 Million Dirhams on U.A.E. Health Care Assets
Aercap Holdings NV (AER) , plans to spend as much as 200 million dirhams ($54 million) on health care assets in ...
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Ministry of Health-Sharjah Medical District appreciates FrieslandCampina …
The government endorsement follows FrieslandCampina ME’s recently-launched campaign – Eat Right, Be Active. As part of the campaign, the company emphasized the Eat Right, Be Active message through activities in various educational institutions as well as to medical professionals operating in ...
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UAE is committed to protecting economies
(MENAFN - Khaleej Times) Opening the third and concluding day of the 2013 WCO IT Conference and Exhibition, hosted by Dubai Customs under the patronage of His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, Dr Anwar Mohammed Gargash, Minister of State for Foreign Affairs, reiterated that the global event represents a good ...
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Training drive targets engineers technical professionals
(MENAFN - Arab News) American Society of Mechanical Engineers (ASME) will present a special four-day training event in Dubai focused on three of the organization's continuing education courses for engineers and technical professionals.The event is scheduled at Intercontinental Dubai Festival City, from June 23-26."We are excited about bringing our training programs for mechanical ...
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Sony launches new XB920 Headphones
Sony, the leading consumer electronics and entertainment brand, announced its association with popular RJ - Kris Fade of Virgin Radio Dubai 104.4 - as the UAE's brand ambassador for the new Sony XB920 headphones featuring a deep bass ...
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MCN launches Platform5 in the region
Middle East Communication Network (MCN), one of the leading advertising and marketing communications agency networks in the MENA region, announced the launch of Platform5, a new performance-driven, integrated services and technology agency that will offer key digital support across the MCN Group's UM, Initiative and Magna ...
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Ritz-Carlton Hotel Company participates in Arabian Travel Market 2013
The Ritz-Carlton Hotel Company LLC unveiled its commitment to meeting the needs of the Middle East traveller seeking luxury and sophistication, as part of its participation at ATM ...
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Arabian Automobiles Renault records 49 growth in 2013
Arabian Automobiles, the exclusive dealer of Renault in Dubai and the Northern Emirates, has witnessed 49% growth in the sales for 2013 for the Renault brand compared to the same four month period last ...
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UAE-funded housing project starts in Kabul
In line with its drive to support progress in developing countries, Acting Director-General of the Abu Dhabi Fund for Development (ADFD) Mohammed Saif Al Suwaidi and his accompanying delegation attended a foundation stone-laying ceremony for a housing project in Kabul on Thursday.The total cost of the project is $182.58 million (around Dh670.61 million) and the funding came under the directives ...
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UAE’s Esma bans sale of water without Emirates Quality Mark
From September this year, the quality of bottled drinking water and ice products can be verified by checking whether the product has been approved by the Emirates Standardisation Metrology Authority (Esma), in which case it will contain the Emirates Quality Mark. Imported and locally produced bottled water and ice products will soon be required to be manufactured to conform with the unified ...
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Guidance Software signs StarLink as Master Distributor in Middle East
StarLink, the Middle East's trusted security-specialized Value-Added-Distributor has been signed as the Master Distributor for Guidance Software in the region. Guidance Software is recognized globally as a leader in digital forensics, cyber security, and e-discovery ...
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Dubai Health Authority holds diabetes education forum
The Dubai Health Authority in partnership with Lilly, held a diabetes education forum for diabetics and their family members, to help them better understand the disease and its ...
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Dubai Chamber roundtable highlights Dubai-Azerbaijan tourism potential
The Dubai Chamber of Commerce and Industry organised a roundtable discussion on "Expanding Tourism between Dubai and Azerbaijan" through its international representative Office in Baku at the Azerbaijan Jumeirah Bilgah Beach Hotel ...
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Al Dhabi Investment selects Misys Sophis Value for front-to-back portfolio and risk capabilities
Misys, the global leader in financial services software solutions, and Al Dhabi Investment PJSC (ADI), a UAE private investment firm, have unveiled plans for ADI to extend its coverage into new asset classes and financial instruments, made possible with the implementation of Misys Sophis ...
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Dubais Atlantis seeking $850m loan
Dubai's iconic island resort Atlantis, The Palm, is raising an $850m syndicated loan to refinance existing debt and provide new funds, Reuters has reported, citing banking sources. The hotel is refinancing a $700m, 12-year term loan that was signed in July 2005, which backed the construction of the luxury hotel resort and aquatic theme park. Syndication is expected to be completed by ...
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