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Amanat looks to invest outside GCC

Amanat looks to invest outside GCC

DUBAI: Dubai-listed investment company Amanat Holdings says its new strategy will focus exclusively on healthcare and education sectors, but it will look beyond the Gulf Cooperation Council (GCC). Following an assessment of its business and investment opportunities, the firm said it will focus on high-quality, high-growth potential firms in the […]

Oil trades near 2-week low

Oil trades near 2-week low

Singapore: Oil traded near the lowest in more than two weeks in New York on concerns that the trade conflict between the US and China will undermine economic growth. Futures in New York traded below $63 a barrel after dropping 4.4 per cent last week. While US. President Donald Trump […]

Omniyat taps Dh147m construction finance

Omniyat taps Dh147m construction finance

Dubai: Omniyat has secured a Dh147 million construction finance from Kuwait’s Burgan Bank for its twin-tower project, The Sterling, at the Burj Khalifa district. The development will offer 385 residential split between penthouses, townhouses and apartments. “We are delighted to be working with Burgan Bank,” said Mark Phoenix, managing director […]

Dubai SME expands Beehive finance deal

Dubai SME expands Beehive finance deal

Dubai: The Mohammad Bin Rashid Fund for SME (MBRF), the financial arm of government agency Dubai SME, has expanded its partnership agreement with peer-to-peer lending platform Beehive. Under a Memorandum of Understanding (MoU) signed last year, MBRF will act as guarantor for up to Dh500,000 in loans to Emirati-owned SMEs […]

Young Editors: Water conservation is a priority

Young Editors: Water conservation is a priority

The Ministry of Climate Change and Environment joined the global celebration of World Water Day on March 22 this year. “The geographical and climactic conditions of the country show an absence of natural water sources, lack of rain and increasingly hot temperatures. These have become challenges in the move to […]

The middle needs to reclaim its lost standing

The middle needs to reclaim its lost standing

There was a time when many regarded being in the middle of the distribution — socially, politically, and in the business world — as a favourable, stabilising, and desirable outcome. From the anchoring role in society of the middle-class to the agility and resilience of mid-size firms, the middle was […]

UAE to adopt policies for sustainable development

UAE to adopt policies for sustainable development

Dubai: The UAE must focus on trade and investment policies to achieve sustainable growth even as Foreign Direct Investment (FDI) rose, Economy Minister Sultan Al Mansouri said at the Annual Investment Meeting (AIM) on Monday. The FDI in the UAE is estimated to have grown to $10.3 billion (Dh37.82 billion) […]

Trade jitters continue to impact US equities

Trade jitters continue to impact US equities

Dubai: Rising threats of more tariffs by the United States and China, which wield the potential to adversely impact growth, are expected to continue keeping global equities on tenterhooks. US President Donald Trump threatened to add another $100 billion (Dh367.3 billion) of tariffs on Chinese goods, upping the ante in […]

FDI to be in focus at Annual Investment meet

FDI to be in focus at Annual Investment meet

Dubai: Foreign direct investment amid protectionism will take centre stage at the Annual Investment Meeting, which starts on Monday in Dubai. AIM 2018 will be inaugurated by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, in the presence of […]

Body found floating in Khalid Lagoon

Body found floating in Khalid Lagoon

Sharjah: A body of a man was found floating in Khalid Lagoon near Khalid Port on Sunday evening, a police official told Gulf News on Monday. The body was spotted by the visitors to the lagoon, who informed the police about it. The unidentified body was shifted to the forensic […]