Sheikh Mohammed Announces 'Dubai Design District'

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(Dubai) - His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has announced that a new district will be created in Dubai dedicated to developing the emirate’s fashion, design…

Central Bank of UAE Signs MOU with Bank of Korea

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(Seoul) - Central Bank of the UAE has announced that it has signed a Memorandum of Understanding (MoU) with the Bank of Korea (Central Bank of South Korea) aimed at cooperation, exchange of information and expertise, and training. H.E.…

UAE-Spain to Boost Economic Relations

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UAE-Spain Joint Economic Committee's second meeting concluded on a positive note as both sides agreed to undertake all possible measures to further strengthen bilateral trade and extend cooperation on strategic levels of economic activity…

Europe a Threat to World Economy: OECD

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The recession in Europe risks threatening the world’s economic recovery, OECD has warned. In its half-yearly report, the Organization for Economic Cooperation and Development said that protracted economic weakness in Europe “could evolve…

UAE-India Keen to Boost Investment

(Abu Dhabi) - The UAE and India have agreed in principle to start negotiation on Bilateral Investment Protection Agreement and conclude it at the earliest during Indian Finance Minister P.Chidamabaram’s official UAE visit. H.H. General…

UAE-Korean Economic Partnership Forum in Seoul

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(Seoul) - The third edition of the UAE-Korean Economic Partnership Forum opened in Seoul, under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. H.H. Abdullah…

Indian Jet Airways Shareholders Approve Etihad deal

Shareholders of India’s Jet Airways approved a deal in Etihad Airways that will take a 24 percent stake in the private carrier. Shares will be allotted only after completion of all regulatory approvals. “The commercial agreement with…

Gold Hits 1 Month Low

Gold dropped to its weakest level in almost a month, hurt by a firmer dollar and as holdings in exchange-traded funds fell to the lowest in over four years, potentially stretching bullion’s losing streak to a sixth day. If gold ends lower…

G-7 Vows to Support Growth

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(Aylesbury) - The Group of Seven top economies is committed to “nurturing” world economic recovery, British finance minister George Osborne said following a meeting of the international body that also pledged to further slash countries’…

Sheikh Maktoum bin Mohammed opens ATM Exhibition

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(Dubai) - H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai opened the 20th edition of the Arabian Travel Market (ATM), at the Dubai International Convention and Exhibition Centre. H.E. Sheikh Ahmed bin Saeed…

Japan gets Oil Concession Renewal

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UAE has agreed to extend an oil concession agreement between Japan and Abu Dhabi Oil Co adding a new zone. They expressed their intention to build on more than four decades of partnership and trade in energy between two of the world’s…

President Issues law on Global Marketplace Abu Dhabi

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President His Highness Sheikh Khalifa bin Zayed Al Nahyan, in his capacity as Ruler of the emirate of Abu Dhabi, has issued a law on the Global Marketplace Abu Dhabi. The Global Marketplace Abu Dhabi aims to promote Abu Dhabi as a leading…

Int'l Diplomat Magazine Launches Diplomat Business Club

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(Dubai) - The Editor of International Diplomat Magazine, Javed Malik launched The Diplomat Business Club in the presence of the Dean of the Consular Corps, and fourteen Consuls-general representing France, Canada, The Netherlands, Russia,…

Apple Profit Falls for 1st Time

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Apple has reported that its quarterly profit dipped for the first time in nearly a decade as it squeezed less money from its champions in the competitive smartphone and tablet markets. The maker of iPhones, iPads, iPods, and Macintosh computers…