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Monday 11 - 1 - 2016


 11/01/2016

Gulf News

The development of economic diversification policies in oil-exporting Arab countries, investment and growth in Arab countries, and enhancing flexibility of labour markets for job creation in the Arab region will top the agenda at the upcoming Undersecretaries of Arab Ministries of Finance on January 13-14 in Abu Dhabi.

It will aim to shed light on economic, regional and international challenges and future steps to support economic growth in Arab countries and strengthen investment opportunities. The undersecretaries’ recommendations will be discussed by the Arab ministers of finance in their next meeting in Bahrain in April 2016.
Participants in the meeting include representatives of Arab countries, the International Monetary Fund (IMF), the World Bank Group and experts from financial economic sectors.
In a press release, Younis Haji Al Khoori, Undersecretary of the MoF, said, “The UAE, represented by the Ministry of Finance, seeks to strengthen cooperation and bonds with Arab ministries of finance through forums and meetings to discuss financial and economic coordination.

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Gulf News

Abu Dhabi: In a major decision, the UAE Cabinet on Sunday approved a nationwide programme to evaluate public hospitals and clinics by introducing a number of criteria to measure quality of health care services and build a unified database to develop policies and strategies. The evaluation criteria will include measuring waiting time, patient satisfaction, duration of admittance, percentage of surgery success and publishing customer feedback surveys for the public, it was announced on Sunday.

Reviewing organisational issues, the Cabinet approved the restructuring of the board of the Emirates General Petroleum Corporation with Obaid Humaid Al Tayer, Minister of State for Financial Affairs, as its chairperson. In relation to international affairs, the Cabinet ratified a number of international agreements to boost economic and technical cooperation.

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Gulf News

Dubai: Overall debt financing which includes both conventional bonds and sukuks across the Middle East and North Africa region is expected to grow during 2016 after posting a marginal growth of 4 per cent in 2015. The growth in total issuance will be largely driven by factors such as oil price led fiscal deficits in oil exporting countries, need for liquidity management instruments for Islamic financial institutions to meet Basel III capital requirements and the relatively high level of liquidity in Islamic banks compared to tightening liquidity with the conventional banks.

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Gulf Today

DUBAI: Saudi Arabia has retained its position as the top trading partner of Dubai among the GCC states, the Arab countries and the Middle East, and has been the fourth top trading partner of Dubai on the global level throughout the first nine months of 2015. Dubai’s non-oil trade with the KSA was worth Dhs44.65 billion, with a 12 per cent increase from Dhs40 billion scored during the same period of 2014. The significant growth came as part of the excellent ties that bind the leaderships and peoples of the UAE and the KSA.

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Gulf Today

DUBAI: aafaq Islamic Finance, a leading provider of Islamic finance products and services in the UAE, has introduced a new medical equipment financing product specifically tailored for the country’s small & medium enterprise (SME) market. The fully Shari’a-compliant product will be offered to doctors, dentists, diagnostic centers, hospitals, nursing homes, and other key health service providers

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Page last updated : 02/05/2016 10:08 PM