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Thursday 05 - 01- 2017


 05/01/2017

CPI Financial

The UAE’s Higher Sharia Authority will play a big part in the future, writes Abdulla Mohammed Al Awar, CEO of Dubai Islamic Economy Development Centre. The primary goal of the Dubai: Capital of Islamic Economy initiative that was launched in 2013 is to build an economy with a sound and well-defined infrastructure along with a unified local and regional regulatory framework that serves as a basis for establishing an international benchmark.

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Khaleej Times

The UAE Central Bank on Wednesday issued new regulations for "stored value digital payments".In a statement the central bank said that the rules were finalised after an extensive consultation process over many months with the relevant stakeholders.The objective of the regulations is to facilitate 'robust adoption of digital payments across the UAE in a secure manner', it said.

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The National

Equities were mixed across the Arabian Gulf on Wednesday, as oil prices and global bourses spent the day treading water. Brent crude futures climbed by 1.2 per cent midday to around US$56.16 per barrel, before easing to about $55.77 in the late afternoon.

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WAM

Sharjah Investment and Development Authority, Shurooq's, bold plans to boost the economy of Sharjah will be outlined at the Second Sharjah Forum, which is being held on Sunday, January 8 at Mleiha Archaeological and Eco-tourism destination.

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The National

A think tank focusing on regional and global economics has been established in the capital with the aim of predicting developments. The former director of economic and social studies at the Emirates Centre for Strategic Studies and Research (ECSSR) set up Al Istishari Al Strategy Centre for Economic and Future Studies to help forecast political, social and security trends as the region suffers severe turmoil.

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The National

Shares in the UAE surged on Tuesday, thanks to rising oil prices and a bright start to the year by Asian equities. Brent crude futures rose by more than 2 per cent to an 18-month high of US$58.16 a barrel on Tuesday afternoon, after Kuwait and Oman confirmed they had reduced output in line with an agreement signed by Opec and non-Opec countries in November.

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Gulf News

The non-oil private sector in the UAE reported strong growth in December with output increasing at the fastest rate since 2015 with more than a third of firms surveyed reporting higher output than the previous month.

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Page last updated : 08/01/2017 12:56 PM