Dubai signs MoU to promote trade with China

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(Dubai) - DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, has signed a Memorandum of Understanding (MoU) with China Council for the Promotion of International Trade (CCPIT), the largest…

Value of trade exchange between UAE, China reaches AED195 billion

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(Abu Dhabi) - The value of trade exchange between the UAE and China in 2017 grew to US$53.3 billion (AED195.8 billion), compared to $46.3 billion (AED169 billion) in 2016, an increase of 15.1 percent. A report on the non-oil foreign trade…

UAE, French civil aviation authorities sign cooperation agreement

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(Dubai) - The UAE's General Civil Aviation Authority (GCAA) and the French Directorate General of Civil Aviation (DGAC) have signed for the first time a bilateral technical cooperation agreement. The agreement covers all topics related to the…

Astana International Financial Centre opens

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(Astana) - The Astana International Financial Centre (AIFC) was officially inaugurated in the presence of Kazakhstan President Nursultan Nazarbayev, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme…

Dubai Duty Free announced as official partner of European Tour

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(Dubai) - Dubai Duty Free, the world-renowned airport retail operator, has entered a new era in its commitment to the European Tour and the development of worldwide golf, becoming an official partner of the tour in a four-year agreement. The…

Dubai FDI partners with VFS Global to ease foreign investors licensing

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(Dubai) - Dubai FDI, the investment development agency of Dubai Department of Economic Development, DED, has signed a Memorandum of Understanding, MoU, with VFS Global, one of the leading specialists on visa processing, identity and citizen…

Trump denies planning to pull out of WTO

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(Washington) - US President Donald Trump denied he is planning to withdraw the United States from the World Trade Organization (WTO). “I’m not talking about pulling out,” he told reporters on Air Force One when asked about reports he…

Apple and Samsung settle lengthy iPhone patent battle

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(San Francisco) - Apple and Samsung have ended a years-long patent battle over copied iPhone design with an undisclosed settlement, according to a US court filing. The world´s two biggest smartphone makers reached a truce in their seven-year-old…

Abu Dhabi tops ranking of smart cities in the Middle East

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(Abu Dhabi) - Abu Dhabi has been ranked top of a list of cities in Africa and the Middle East in the McKinsey Global Institute study ‘Smart Cities: Digital Solutions for a More Livable Future.’ The study looked at how cities all over the…

UAE-Hong Kong trade surges to $10.87 billion in 2017

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(Hong Kong) - The total trade between the United Arab Emirates and Hong Kong increased to US$ 10.87 billion in 2017 from $10.59 billion in 2016, according to Hong Kong government statistics. The UAE is participating in the Third Belt and…

UAE, France team-up to improve competitiveness of SMEs

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(Paris) - Ministry of Economy, MoE, represented by the International Centre for Patent Registration, and the French Ministry of Economy, represented by the National Industrial Property Institute, INPI, signed a memorandum of understanding, MoU,…

OPEC, non-OPEC pledge supply boost

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(Vienna) - OPEC and non-OPEC members said they would raise supply by returning to 100 percent compliance with previously agreed output cuts, after months of underproduction. This came in a statement issued at the end of the 4th OPEC and non-OPEC…

DFSA signs MoU with Astana Financial Services Authority

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(Dubai) - The Dubai Financial Services Authority, DFSA, entered into a Memorandum of Understanding, MoU, with the Astana Financial Services Authority, AFSA. The MoU was signed in the Dubai International Financial Centre, DIFC, by Bryan Stirewalt,…

Egypt to halt imports of LNG by end of FY 2017/18

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(Cairo) - Egypt plans to stop importing Liquefied Natural Gas, LNG, by the end of the 2017/18 fiscal year ending in June as it speeds up production at recently discovered gas fields, Reuters quoted Petroleum Minister Tarek El Molla as saying. Egypt…