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DEWA participates in launch of ‘AI Procurement in a Box’ toolkit in collaboration with WEF’s Centre for the Fourth Industrial Revolution

Dubai Electricity and Water Authority (DEWA) has participated in launching the ‘AI Procurement in a Box’ toolkit in collaboration with the World Economic Forum’s Centre for the Fourth Industrial Revolution and The Centre for the Fourth Industrial Revolution UAE (C4IR UAE). This is part of DEWA’s efforts to support using Artificial Intelligence (AI) technologies in […]

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Al Dar Shares & Bonds joins Nasdaq Dubai equity derivatives market

DUBAI, Al Dar Shares & Bonds, a UAE brokerage, has joined Nasdaq Dubai as a Member to trade equity derivatives. The move is part of Abu Dhabi-based Al Dar’s growth strategy to expand and enhance its services to corporate and individual investors. Clients of Al Dar Shares & Bonds can now make gains whether share […]

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Financial facilities worth AED5.8 billion provided to non-profit organisations in Q1, 2020

ABU DHABI, The value of financial facilities provided to non-profit organisations and the services sector in the UAE in the first quarter of 2020 amounted to AED5.8 billion, according to statistics issued by the Central Bank of the UAE, CBUAE. Non-profit organisations serve the entire community but making profits is not their main objective, CBUAE […]

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Salaries of UAE domestic workers fully integrated with FAB’s payit

ABU DHABI, First Abu Dhabi Bank, FAB, has signed an agreement with the Ministry of Human Resources and Emiratisation, MoHRE, to launch a unified payment solution for domestic workers. The solution is designed to facilitate monthly salary transfers and ensure domestic workers across the UAE are paid in a transparent and cashless manner where earnings […]

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Abdullah bin Zayed to visit Korea on Friday

ABU DHABI, H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, will next Friday, embark on a state visit to the Republic of South Korea on the occasion of the 40th anniversary of the establishment of diplomatic relations between the UAE and East Asian nation. During the visit, Sheikh Abdullah […]

General

DIFC Presidential Directive ends on 31st July 2020

DUBAI, Dubai International Financial Centre, DIFC, has announced that DIFC Presidential Directive will end on 31st July 2020. On 26th April 2020, DIFC declared DIFC Presidential Directive No 4. of 2020 which addressed the pressing need for firms based in the Centre to be able to access a number of emergency measures related to their […]