Etisalat to Launch E-Billing

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UAE-based Etisalat said will implement its e-bill initiative across all services in a phased manner from September 1. This transformation of current billing methods to new generation environmentally friendly e-bills, will ensure customers…

Indian Rupee slips to Historic Low

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For the first time ever, the Indian rupee slipped below 62 against the dollar. The partially convertible rupee dipped to a new record low of 62.03 against the dollar at inter-bank foreign exchange market, surpassing its previous record low…

Emirates Airlines Uses Google Now

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Emirates Airlines announced that it will start to roll-out Google Now cards for their passengers who book via Emirates.com. A feature of the Google Search app, Google Now is available and fully integrated for Android (devices running Android…

DEWA Enters Hall of Fame for Investors in Excellence

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Dubai Electricity and Water Authority (Dewa) has been entered into the Hall of Fame for Investors in Excellence by the British Investors in Excellence organisation for companies that accomplish advanced results in the field of organisational…

UAE-China to Enhance Economic Ties

H.E. Hani Al Hamli Secretary-General of the Dubai Economic Council (DEC) held a meeting with a Chinese delegation from the China Council for the Promotion of International Trade (CCPIT), Linyi Branch Office and Linyi Chamber accompanied…

Etisalat Launches World's Slimmest Smartphone

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Etisalat has rolled out yet another exclusive offer for customers by launching the new Huawei Ascend P6 in the United Arab Emirates. The telecom operator will offer the device exclusively from its business centres and outlets throughout…

Sheikh Mohammed Meets Leaders of Business Community

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(Abu Dhabi) - His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, met with CEOs and presidents of Arab and foreign investment companies and corporations and business community…

Dubai Centre for Islamic Banking & Finance Launched

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(Dubai) - H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of the Dubai Executive Council and President of the Hamdan Bin Mohammed e-University (HBMeU), has launched the Dubai Centre for Islamic Banking…

G20 Focus on Growth over Austerity

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(Moscow) - The group of finance and labour leaders and bank governors from 20 major and emerging economies had been meeting in Moscow to map out the future fiscal plan. Hosts Russia said G20 policymakers had soft-pedalled on goals to cut…

UAE Firms vie for World's 1st Underwater Hotel

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Drydocks World, the shipbuilding arm of Dubai World, is looking forward to work with many of UAE companies for building of the Water Discus Hotel which is expected to cost between US$50 million and US$80 million. Official at Drydocks said…

China to Resume Investment Talks with US

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China has agreed to resume talks on a bilateral investment treaty with the US which could open up new opportunities for businesses in both countries. Chinese officials have agreed to include all sectors in the treaty, the first time Beijing…

Gold Price Surges

Gold prices surged to $1,298 per troy ounce in early trade this morning after US Fed chairman Ben Bernanke took a U-turn on his earlier stance that the US was looking to taper off the $85-billion-per-month bond buying programme by the fourth…

Pakistan-China set sights on Trade Corridor

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(Beijing) - China and Pakistan set their sights Friday on developing a transport link from northwestern China through rugged Pakistani mountains to the Arabian Sea, a route they hope will boost economic growth and slash shipping times. A…

UAE will Remain major Provider of Energy: Sheikh Abdullah

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(London) - H.H. Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister of Foreign Affairs, has reiterated that the United Arab Emirates, under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, will continue to be a…