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Sunday 11 - 1 - 2015


The National

The Khalifa Fund for Enterprise Development will launch a series of new initiatives this year to support small and medium enterprises, its chairman said. “The year 2015 will be the year for development, improvement of the services and acceleration of the processes at the Fund. The Fund’s management will launch initiatives to promote the culture of entrepreneurship and to support the SME sector in the country,” Hussain Al Nowais said at the first meeting of its new board. Up to end of 2013 the fund has provided Dh904 million of capital to 608 projects since its establishment in 2007. Last month, Sheikh Mohammad Bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, issued a resolution reshuffling the fund’s board of directors.

Khaleej Times

Abu Dhabi: Consumer goods in Abu Dhabi are likely to cost more by a marginal 0.7 per cent in the January-March quarter, compared with the fourth quarter of 2014. “CPI (consumer price inflation) estimates for the first quarter of 2015 shows that the average CPI is expected to be 131.7 points, an increase of 0.7 per cent compared with the fourth quarter of 2014,” the Statistics Centre of Abu Dhabi said. The ‘housing, water, electricity, gas and other fuels’ group contributed to the largest rise in the index during the year, contributing 46.1 per cent to the change. The second highest contributor to the overall increase in the CPI for 2014 was ‘furnishings, household equipment and routine household maintenance’ group.

Arabian Business

Dubai has announced plans to launch the world's first online portal for the Islamic economy as part of its ambition to become its global capital. The Dubai Islamic Economy Development Centre (DIEDC), which is tasked with developing initiatives in the emirate, said new initiatives this year would also include the launch of an international centre for governance of Islamic companies and an international centre for accreditation of halal products. Mohammed Abdullah Al Gergawi, chairman of DIEDC, confirmed that it would continue to set an "ambitious course" in the upcoming year by launching initiatives to enhance and grow the Islamic economy.

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