GCC foreign assets to hit $2.1trillion

GCC foreign assets to hit $2.1trillion

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(Dubai) - GCC countries will experience robust growth in 2012 on the back of high oil revenues that are expected to hit $572 billion this year, while the net foreign assets of the six-member bloc are projected to hit $2.1 trillion by 2013, the…
Kim officially selected as World Bank President

Kim officially selected as World Bank President

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(Washington)- World Bank has named Jim Yong Kim as its next president. Dr. Kim, 52, will take over on July 1 after the current president, Robert B. Zoellick, steps down at the end of his five-year term. For the first time, World Bank's 25-member…
WTO Makes UAE Trade Recommendations

WTO Makes UAE Trade Recommendations

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(Geneva) - The United Arab Emirates (UAE) plays an important role in the multilateral trading system and has taken bold steps to diversify the economy away from oil and gas, according to the World Trade Organisation (WTO). The WTO says that…
GCC urged to free up trade

GCC urged to free up trade

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(Dubai) - Gulf nations will be better able to build a stronger and more competitive bloc once restrictions on cross-border trade are eased, H.H. Sheikh Mohammad, Vice-President and Prime Minister of the UAE and Ruler of Dubai. Sheikh Mohammad…
World Ports and Trade Summit concludes at Abu Dhabi

World Ports and Trade Summit concludes at Abu Dhabi

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(Abu Dhabi) - The World Ports and Trade Summit 2012, held under the patronage of H.H. General Sheikh Mohammed, Crown Prince of Abu Dhabi & Deputy Supreme Commander of the Armed Forces has concluded at Abu Dhabi. The summit asserted the…
Dubai to issue instant trade licences to investors

Dubai to issue instant trade licences to investors

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(Dubai) - The Dubai Department of Economic Development (DED) is planning to issue instant trade licences to investors under a new ‘120 days hassle free licence' initiative that will be launched this year. The move, which will allow investors…
Global economy on recovery path Lagarde

Global economy on recovery path: Lagarde

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(Beijing) - IMF chief, Christine Lagarde has said that measures taken to fight financial woes in Europe and the US have started to pay off, in a cautiously upbeat assessment of the global economy. Lagarde is attending a high profile forum on…
Europe seals $310 billion Greece bailout

Europe seals $310 billion Greece bailout

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(Brussels) - Eurozone finance ministers have agreed a second bailout for Greece after 13 hours of talks. Greece is to receive loans worth more than 130 billion Euros. In return, Greece will undertake to reduce its debts to 120.5% of its GDP…
Greek cabinet approves EU-IMF bailout deal

Greek cabinet approves EU-IMF bailout deal

(Athens) - Greece’s cabinet has approved a draft bill approving reforms demanded by the EU-IMF troika for a new bailout package worth 130 billion Euros to help the country avoid bankruptcy. The demands required by the troika of the European…
Dubai Chamber receives Jeddah Chamber delegation

Dubai Chamber receives Jeddah Chamber Delegation

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(Dubai) - H.E. Abdul Rahman Saif Al Ghurair, Chairman, Dubai Chamber of Commerce and Industry, recently received a high level Saudi delegation headed by H.E. Mazen M. Baterjee, Vice Chairman, Jeddah Chamber of Commerce and Industry in the presence…
Facebook plans $5bn stock market debut

Facebook plans $5bn stock market debut

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(San Francisco) – Facebook, the world’s largest social network has filed to make $5bn stock market debut that would be Silicon Valley's largest-ever initial public offering. With over 845 million monthly active users, Facebook has said…
Turkish President addresses UAE-Turkey Business Forum

Turkish President addresses UAE-Turkey Business Forum

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(Abu Dhabi) - President of Turkey, Abdullah Gul addressed the UAE-Turkey Business Forum organized by the Dubai Chamber of Commerce and Industry at the Jumeirah Beach Hotel. A gathering of 500 businesspersons and officials from both countries…
UAE British Business Women Forum

Emirates Setting New trends at UAE British Business Women Forum

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(London) – UAE British Business Women Forum was held at London hosted by Arab-British Chamber of Commerce (A-BCC), in partnership with the Emirates Business Women Council. A-BCC secretary general and chief executive officer, Dr Afnan Al…

So French So Good : Celebrating French Gastronomy

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(Dubai 25th October 2011).  The Consul General of France in Dubai, H.E Eric Giraud-Telme in association with Alliance Francaise and the French Trade Commission UBIFRANCE hosted the an event in Dubai to celebrate French Gastronomy entitled…