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UAE's Yuan clearing centre handles $6.5bn in transactions in 2018

UAE's Yuan clearing centre handles $6.5bn in transactions in 2018

The Renminbi Clearing Centre set up in the UAE in May 2017 handled nearly $6.5 billion (44.57 billion yuan) in transactions between January and November 2018, according to the UAE’s Central Bank. 

“This represents a good achievement after only 17 months of operation of the centre,” the Central Bank said in a statement. “However, it is still low com

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India names Modi ally Shaktikanta Das as new central bank chief

India names Modi ally Shaktikanta Das as new central bank chief

India's government named an ally of Prime Minister Narendra Modi as the country's new central bank chief Tuesday, a day after his predecessor Urjit Patel quit following a dispute about government interference.

Shaktikanta Das has been appointed governor of the Reserve Bank of India (RBI) for three years, a government statement said.

The

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Al Gore accuses Saudi Arabia of 'insulting' climate change report

Al Gore accuses Saudi Arabia of 'insulting' climate change report

Former US vice president and Nobel Peace Prize laureate Al Gore on Tuesday slammed the world's top oil producers -- his own country, Saudi Arabia and Russia -- for "insulting" a key and alarming report on climate change.

A bloc of 44 small island nations -- many facing an existential threat from storm surges engorged by rising seas -- had called

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Apple accused by Egypt of violating competition laws

Apple accused by Egypt of violating competition laws

The decree published in Egypt's Official Gazette threatened legal action against Apple and its agent in the Middle East, the UAE-based Arab Business Machine

An iPhone Xs Max with 512 gigabytes storage, for example, costs the equivalent of $1,306 in the U.A.E., while the same phone is listed for the equivalent of $1,983 in Egypt through an

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62% successfully negotiate rental decrease in the UAE

62% successfully negotiate rental decrease in the UAE

dubizzle Property, the UAE-based real estate platform, has revealed that nearly two thirds (62 percent) of users have successfully negotiated a rent decrease in the last year.

In a poll of over 1,400 on the dubizzle platform in November, more than 900 users said they were currently renting property in the UAE.

For those renting properties, 18

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Abatera Tours is an expert destination management company that covers all aspects of inbound tourism business including FIT Travel, Leisure groups and Meetings, Incentives, Conferences & Events (MICE)...

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Office No: 302 Wasel Business Centre
Near port Saeeed Etisalat Office Deira, Dubai.

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