Business & Money | Tuesday 23 April, 2019 9:30 am

ADCorp hosts inaugural AGM; confirms significant progress in first year of operations

ADCorp Ltd (“ADCorp”), the first Islamic financial institution based in Abu Dhabi Global Market (“ADGM”), last week , hosted its inaugural Annual General Meeting (“AGM”) for shareholders to discuss its 2018 annual results and future growth strategy. Following the ...

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Business & Money | Tuesday 23 April, 2019 6:08 am

Women own 50 percent of e-stores registered in Maroof

About 49.5 percent of the electronic shops registered in Maroof e-portal, the Ministry of Commerce and Investment has announced. It said the Maroof e-portal has a total of 27,000 shops, about half of which were owned by women. The ministry said it received more than 19,700 complaints against...

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Business & Money | Tuesday 23 April, 2019 5:58 am

23rd AGM of Emaar Properties approves dividend of AED 1.07 bn (US$ 290 mn) for shareholders

The 23rdAnnual General Meeting (AGM) of Emaar Properties PJSC (DFM: EMAAR) today approved the distribution of AED 1.07 billion (US$ 290 million) as dividend to the shareholders, representing 15 per cent of the share capital being 15 fils per share.   The meeting approved the report by...

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Business & Money | Tuesday 23 April, 2019 3:30 am

Deloitte Signs Mou to Become Certifying Body for Adnoc’s in-country Value (Icv) Program

Deloitte has signed a Memorandum of Understanding (MoU) with ADNOC on April 1, 2019 at ADNOC HQ Abu Dhabi to become one of ADNOC’s Certifying Bodies (CBs) for its In-Country Value (ICV) Program.   As part of the ADNOC ICV Program, ADNOC’s suppliers are required to declare...

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Business & Money | Tuesday 23 April, 2019 2:30 am

India’s Iconic Markaz Knowledge City Promises High Returns for Expat Investors

Markaz Knowledge City (MKC), India's first knowledge city developed at an estimated investment of US$ 435 million (INR 30 billion) and spanning over 125 acres of land in the South Indian state of Kerala, will go functional at full-scale this year promising massive investment returns for Indian...

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Business & Money | Tuesday 23 April, 2019 2:00 am

Truebell Further Expands Retail and Food Operations With New Distribution Agreements

UAE-headquartered Truebell, a leading GCC importer of fast-moving consumer goods (FMCG), is adding a wide range of new flavours to its existing portfolio of over 10,000 products.     The retail and food services division of the company has entered into exclusive...

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Business & Money | Tuesday 23 April, 2019 1:30 am

Sharaf Exchange Signs an Investor Partnership Agreement With Dubai Quality Group (Dqg).

Sharaf Exchange has signed an investor partnership agreement with Dubai Quality Group (DQG), to strengthen the quality, business excellence, innovation, technology, and leadership in the exchange sector. In appreciation for its investment in DQG’s initiatives, a delegation headed by Eng....

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Business & Money | Monday 22 April, 2019 3:52 pm

Saudi Elenex 2019 to highlight promising renewable and clean energy sector opportunities

The Riyadh Exhibitions Company has announced that preparations for hosting the 22ndedition of the International Show for Electricity, Alternative Energy, Lighting, Power Generation, and Water Technology (Saudi Elenex 2019) are underway, with the event taking place from 29thApril to 1stMay...

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Business & Money | Monday 22 April, 2019 3:42 pm

​Gabon sees increase in demand for wood from emerging economies at the 2nd edition of Gabon WoodShow

Consistent double-digit increase in the sector for the past years Higher trade volume anticipated with GCC and the Middle East Gabon WoodShow in support of sustainable logging  Wood industry in Gabon remains to enjoy a positive and healthy outlook as the country pushes for higher...

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Business & Money | Monday 22 April, 2019 3:12 pm

International Visa cardholders spent AED22.8 billion with their cards while visiting the UAE in 2018

According to the latest UAE Travel Snapshot released by Visa (NYSE:V), the world leader in digital payments, travelers visiting the UAE have increased their spend on Visa cards, indicating a positive uptick on the local economy.  Covering the period of January-December 2018 versus same period...

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