Business & Management

UAE Cabinet approves US$16.42bn 2019 budget

TRME SheikhMoHH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President, Prime Minister and Ruler of Dubai, has approved a zero-deficit federal budget of US$49bn for the next three years (2019-2021)

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Alimak rebrands product and service offering

alimak triple x mammoth systemSweden-based Alimak Group has decided to drop the Hek from the product brand Alimak Hek and to launch a new brand – Alimak Service, to cover the offerings of the after-sales business area

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Dubai’s DMCC first free zone in GCC to commit to UNGC

TRME DMCCDMCC, premier free zone in Dubai, announced the launch of its first sustainability report, as part of its commitment to the United Nations Global Compact (UNGC)

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‘Despite Saudi Aramco IPO delay, the kingdom still prospering’

TRME Riyadh1Saudi Arabia is moving ahead with economic reforms and growth in its non-oil economy will pick up this year despite any delay to a planned sale of shares in national oil giant Saudi Aramco, a senior International Monetary Fund (IMF) official said 

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Investor confidence remains high in Dubai: DED

dubai 22Investor confidence in Dubai as a competitive global hub and the business development potential in the emirate remained robust, with the Department of Economic Development (DED) witnessing 1,651 new licenses in July 2018

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