The Central Bank of the UAE (CBUAE) and the Dubai Courts have signed a Memorandum of Understanding (MoU) aimed at linking electronic services related to the execution of judgments, orders, and decisions issued by the Dubai Courts through the Central Bank's court cases management system.
Category: Economy
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Gross banks’ assets saw AED418 billion YoY increase in May 2024: CBUAE
Gross banks’ assets, including bankers’ acceptances, rose by over 10.8 percent year-on-year (YoY), equivalent to AED418.1 billion, reaching AED4.287 trillion, compared to AED3.869 trillion in May 2023, according to the May figures issued by the Central Bank of the UAE (CBUAE).
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Ajman DED concludes ‘Future Trader’ programme
The Department of Economic Development in Ajman (Ajman DED) has concluded the activities of the "Future Trader" programme, which involved 20 young students.
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Digital Dubai approves measures to implement strategic vision for AI-powered data centre economy
Digital Dubai, in cooperation with its partners in the government and private sectors, has begun taking practical measures to implement the Strategic Vision for the Data Centre Economy in Dubai.
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ECI, IDB sign cooperation agreement to support ‘Xport Xponential’ initiative
Etihad Credit Insurance (ECI), the UAE Federal export credit company, signed a cooperation agreement with the International Development Bank (IDB), the largest banking network in Iraq, to support the ‘Xport Xponential’ initiative.
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June air cargo demand surges 14.1%: IATA
The International Air Transport Association (IATA) released data for June 2024 global air cargo markets showing a 14 percent year-on-year (YoY) growth in total demand, measured in cargo tonne-kilometres (CTKs).
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Emirates to operate second daily flight to Bali to serve seasonal demand
Emirates has announced that it will operate a second daily A380 service between Dubai and Bali to meet the surge in travel demand to the island during the upcoming peak season.
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Arabian Gulf Steel Industries achieves net zero at its facility in Abu Dhabi
Arabian Gulf Steel Industries LLC (AGSI), the national company specialized in manufacturing sustainable steel based in Abu Dhabi, announced achieving “Net Zero” at its steel plant in Abu Dhabi.
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UAE and Chilean Presidents witness signing of Comprehensive Economic Partnership Agreement
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency Gabriel Boric Font, President of the Republic of Chile, today witnessed the signing of the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Chile.
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Khaled bin Mohamed bin Zayed issues a resolution to restructure Abu Dhabi Chamber’s Board of Directors
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has issued a resolution to restructure Abu Dhabi Chamber of Commerce and Industry’s Board of Directors