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January, 24th 2012
Abu Dhabi to launch second satellite soon
Abu Dhabi is preparing to launch its second satellite into orbit within a couple of months, according to a senior official of the Al Yah Satellite Communications Company, or Yahsat Yahsat, which is fully-owned by Mubadala, in April last year sent its first satellite into space. |
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January, 23th 2012
UAE most diversified economy in Middle East
The UAE was the most diversified economy in the Middle East, more than many of the developed countries, according to IMD World Competitiveness Centre Index. |
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December, 27th 2011
Abu Dhabi GDP expected to grow 4% in 2012
The gross domestic product (GDP) of the emirate is expected to grow 4 per cent to Dh750 billion next year, the Abu Dhabi Chamber of Commerce and Industry (ADCCI) said yesterday. |
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December, 21th 2011
New law allows full company ownership
Foreign companies setting up in specialised economic zones or making major investments in strategic sectors such as tourism and manufacturing may obtain full equity ownership, said Abdullah Al Saleh, Undersecretary in the Ministry of Foreign Trade.
His comments clarified a doubt on the draft companies law approved by the UAE cabinet last week. |
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December, 18th 2011
UAE GDP to peak at Dh1.248 trillion in 2011
The UAE’s GDP is expected to peak at Dh1.248 trillion in current prices this year to maintain its position as the largest in the Arab world after Saudi Arabia’s economy, according to an official study. The expected level this year will be nearly 198 times the country’s nominal gross domestic product of Dh6.5 billion when it was established in 1971, the Dubai Economic Council said in the study, dubbed “the document of the union era.”
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December, 11th 2011
UAE back in top 25 global rankings
The UAE has managed to overcome several obstacles to return to the Top 25 rankings of countries based on brand attributes established by FutureBrand in its 2012 Country Brand Index report. |
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December, 08th 2011
UAE remains a major hub for foreign investment
The UAE plays a vital role in re-energising trade and investment worldwide and is now the regional headquarters of over 25 per cent of the top 500 companies in the world, said Shaikha Lubna Al Qasimi, Minister of Foreign Trade. |
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November, 29th 2011
UAE among 25 rapid growth markets
The UAE has been ranked among the world’s 25 rapid growth markets (RGMs) – growing at 4.3 per cent over the past 10 years, according to a report by Ernst & Young. |
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November, 22th 2011
Etihad Airways named airline of the year
Etihad Airways, the national carrier of the United Arab Emirates, has been named Airline of the Year by Arabian Business magazine. Judges said the award was made in recognition of Etihad Airways' financial performance and service offering, as well as the remarkable speed of its expansion.
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November, 16th 2011
Abu Dhabi economy set to attain 4% growth this year
Abu Dhabi is on track to achieve four per cent growth in its gross domestic product (GDP) this year, and inflation is expected to average below three per cent, Mohammad Omar Abdullah, Undersecretary for the Abu Dhabi Department of Economic Development (DED) said yesterday. |
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November, 10th 2011
Just 40 BMWs made for UAE's 40th anniversary
To mark the 40th Anniversary of the unification of the United Arab Emirates, which took place in December 1971, BMW Group will launch the BMW 7 Series UAE 40th Anniversary Limited Edition at the 2011 Dubai International Motor Show. |
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October, 26th 2011
Dubai realty prices will fall another 10%
Dubai's housing market will lose another 10 per cent of its value before its fortunes start to improve, possibly not until 2013, as investor appetite has been curbed by global financial woes, a Reuters poll showed yesterday. |
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October, 17th 2011
Abu Dhabi to construct 1,500MW power plant
The Abu Dhabi Water and Electricity Authority (Adwea) will announce plans later this year to build a 1,500-megawatt power plant, the agency's director general said yesterday. |
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October, 05th 2011
Dubai Airshow looks at 10% growth
Running from November 13 to 17 at the Dubai Airport Expo, this year's Dubai Airshow 2011 will be the biggest yet. With up to 1,000 exhibitors from 50 countries participating, this is the largest such event in the Middle East. |
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September, 27th 2011
Global Aerospace Summit 2012 puts Abu Dhabi at forefront
CEOs from the world's leading airlines, aircraft manufacturers, satellite companies, and aerospace associations, as well as heads of the world's most prominent aerospace teaching and research facilities, will come together at the inaugural Global Aerospace Summit for four days of strategic level discussions, closed-door debates, networking, and site visits. |
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September, 21th 2011
NBAD looks to expanding Malaysia
National Bank of Abu Dhabi (NBAD) plans to open a Malaysian subsidiary in January and has applied for a licence in Shanghai, as the lender looks to boost its international revenues, the company's top executive said yesterday. |
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September, 14th 2011
Dubai Chamber urged to attract more international investors
Dubai is an attractive destination for international investment and is a platform for business in the wider Middle East region. As a result, Dubai Chamber members should launch more constructive programmes to attract global companies, His Highness Sheikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said Tuesday. |
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August, 15th 2011
Inflation down to three-month low
Inflation in the UAE slowed to a three-month low of 1.3 per cent on an annual basis in July from 1.7 per cent the previous month, news agencies reported yesterday, citing latest numbers from the National Bureau of Statistics. |
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June, 29th 2011
UAE Prime Minister: National economy solid
The UAE's economy is robust and is based on solid foundations and a long-term vision, Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum said Monday. |
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June, 26th 2011
Etihad named 'Best First Class' Airline in the world
Etihad Airways, the national airline of the United Arab Emirates, has been named as the airline with the Best First Class in the world in Skytrax's annual World Airline Awards, as well as #6 in the Airline of the Year overall category. |
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June, 20th 2011
Abu Dhabi International Airport named 'Best Airport in Middle East'
Abu Dhabi International Airport (ADIA) has been presented with the "Best Airport in the Middle East" and the "Best Airport for Tax Free Shopping, Globally" awards in the Business Destinations Travel Awards 2011, an announcement said yesterday. The awards acknowledge Abu Dhabi Airports Company's (ADAC) continuous commitment towards promoting a culture of excellence throughout Abu Dhabi International Airport, from customer service through to future expansion plans. |
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June, 19th 2011
Government of Dubai successfully issues US Dollar bond for US$500 million
The Government of Dubai, acting through the Department of Finance, announced that it has successfully priced a US$500 million bond. The offering was very well received and was three times oversubscribed. The US$500 million ten-year bond with a put option at the end of 5 years will yield 5.59%. The pricing of the current issue is 1.1% lower than a similar USD 5 year bond issued last year which was then priced at 6.7%. |
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June, 05th 2011
Hamdan bin Mubarak hails international success of UAE seaports, airports
Sheikh Hamdan bin Mubarak Al Nahyan, Minster of Public Works, Chairman of the Higher Committee for UAE Civil Seaports and Airports Security, said the vision of UAE leadership to develop the UAE seaports and airports was behind the country's international success in the transport and trade. |
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