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DUBAI NEWS

DEWA’s Ramadan Tent Serves A Large Number Of Employees During The Holy Month
Dubai Electricity and Water Authority’s (DEWA’s) annual Ramadan tent has been set up in the courtyard of its headquarters since the start of the holy month of Ramadan to serve Iftar meals DEWA staff who are working during Maghreb prayers.

In Support Of UAE Water Aid AED 2.5 Million Donated By du To Provide Clean Water For 100,000 People In Developing Country
In the spirit of the Holy Month and inspired by the generosity and philanthropic approach of the UAE leadership, du has donated AED 2.5 million to the UAE Water Aid campaign launched by His Highness Shaikh Mohammad Bin Rashid Al Maktoum.

Fifth Annual du Ramadan Cup Won By Real Falcons
The fifth annual du Ramadan Cup football tournament drew to a riveting close, with Customer Operations’ Real Falcons team beating Network Infrastructure’s Tigers. Core_United, from du’s Operations department, came third.

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DUBAI FEATURES

Global Innovation Index 2014

The UAE ranked first among the countries of the Middle East in terms of overall performance in the 2014 Global Innovation Index, published by Cornell University and the European Institute for Business Administration INSEAD and the World Intellectual Property Organization. du hosted the Middle East and North Africa launch conference of the 2014 Global Innovation Index in the United Arab Emirates, in the presence of His Excellency Mohammed Al Gergawi, Minister of State for Cabinet Affairs, who delivered the opening speech of the conference.



Dubai real estate market delivers positive performance in Q2 2014

The Dubai real estate market maintained its positive performance in Q2 2014, according to Dubai Real Estate Overview issued by JLL, the world's leading real estate investment and advisory firm.The second quarter (Q2 2014) report provides the consultancy's perspective on the latest trends in the office, residential, retail and hotel sectors in the Dubai market.



MENA IPO proceeds jump 129% in Q2 2014 and up 14% in H1 2014

The MENA IPO market continued its recovery to end the first half of the year strongly, according to EY’s MENA IPO Update: Q2 2014. There were a total of 16 deals raising US$2.4b in the first six months of the year, an increase of 14% for both volume and proceeds on the same period in 2013 and the highest amount of capital raised in the first half since 2008. In Q2 2014, there were 11 IPOs raising US$1.1b, a 129% increase on the previous quarter and a rise of 22% compared to Q2 2013 by deal numbers.



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ABU DHABI NEWS

In Support Of UAE Water Aid AED 2.5 Million Donated By du To Provide Clean Water For 100,000 People In Developing Country
In the spirit of the Holy Month and inspired by the generosity and philanthropic approach of the UAE leadership, du has donated AED 2.5 million to the UAE Water Aid campaign launched by His Highness Shaikh Mohammad Bin Rashid Al Maktoum.

Wild Wadi Recognised As One Of The Top Waterparks In The World
Jumeirah Group, the global luxury hotel company and member of Dubai Holding, is delighted to announce that Wild Wadi Waterpark has been ranked as the sixth best water park in the world by TripAdvisor.

Hilton Abu Dhabi Crafts A Chocolate Replica Of The Sheikh Zayed Grand Mosque
With Eid Al Fitr just days away, Hilton Abu Dhabi’s skilled pastry team has crafted a chocolate replica of the Sheikh Zayed Grand Mosque for guests to marvel in the hotel lobby.

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ABU DHABI FEATURES

UAE based compareit4me.com closes first round of funding
compareit4me.com, the UAE based finance comparison site has announced the completion of its first round of funding at a valuation of over $3 million. The investment was led by Mulverhill Associates, a Dubai based investment and advisory firm focused on the Middle East. Jonathan Hall, Managing Director of Mulverhill Associates said ‘it’s fantastic to be involved with such an energetic and rapidly growing company as compareit4me.com. They have bootstrapped their way to being industry leaders, have 15 active banks working with them, are already profitable and most interestingly for us, they have enormous growth potential.’ Hall continued,’compareit4me has a significant foothold in a fantastic industry, it is a business model that has been extremely successful in other markets and we are delighted to be supporting the team.’

Emirates Global Aluminium
Emirates Global Aluminium is a jointly-held, equal-ownership company formed by Mubadala Development Company of Abu Dhabi and the Investment Corporation of Dubai combining their respective aluminium industry interests. EGA’s core operating entities are Dubai Aluminium ("DUBAL") and Emirates Aluminium ("EMAL"), whose combined annual production capacity is set to reach 2.4 million tonnes per annum by mid-2014, which will make EGA the fifth largest aluminium producer in the world. The UAE-based EGA also owns Guinea Alumina Corporation, and a stake in Cameroon Alumina Limited, both being bauxite mine and alumina refinery development projects. In addition, EGA has plans for significant local growth and international expansion.

UAE seeks to strengthen economic ties with China
Opportunities for strengthening economic ties between the U.A.E. and China were the focus of talks during a two-day visit to China by U.A.E. Minister of state, Dr. Sultan Al Jaber. The visit is expected to lay the ground work for increased economic activity between U.A.E. and China which is growing at more than 14 per cent annually. Discussions explored opportunities for collaboration and investment across sectors of mutual interest, including energy, infrastructure and technology.

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SHARJAH NEWS

 
Sharjah International Book Fair Announces Registration For First Joint SIBF /ALA Library Conference
The Sharjah International Book Fair (SIBF) has announced that registration is now open for individuals and organisations working in the library sector.

Sharjah Islamic Bank Announces A 50% Rise In Net Profits To Reach AED 202.1 Million For The 2nd Quarter Of 2014
Sharjah Islamic Bank announced its 1st Half 2014 results with Net Profits reaching AED 202.1 million, compared to 134.7 million achieved in the same period last year, a 50% growth rate.

Sharjah Islamic Bank Launches Personal Finance Summer Offer
The new offer aims to provide the best rates on personal finance, which will also enable personal finance clients to benefit from reduced rates on all personal finance products.

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SHARJAH FEATURES

Sharjah Commerce and Tourism Development Authority
Established in 1996 by the Government of Sharjah, the SCTDA has been in the forefront of promoting and taking Sharjah to the world with its relentless efforts and unmatched enthusiasm. The Authority constantly explores possibilities and avenues of promoting and developing tourism and commercial sectors in the emirate through special events, activities and festivals at home and around the world. It pursues its goals by planning and drawing up strategic plans to promote and develop tourism sector in all its forms. It conducts social and economic research and studies as well to evolve its strategies and pursue its goals. And as part of its strategy to promote Sharjah, SCTDA participates in local, regional and international exhibitions, focusing on the factors of distinction and exclusivity.

The Economist praises Sharjah’s efforts in water conservation
The Economist, a weekly international news and business publication, has confirmed that Sharjah s per capita consumption of water is consistent with the recommendations of the United Nations, pointing to the emirate’s numerous efforts in water conservation. A report by Sharjah Media Centre mentioned that the magazine in its recent issue titled "The World in 2014", commended on the fact that daily water consumption in Sharjah is estimated at around 200 liters per person, which is the average recommended by the UN.

UAE - Russia seek to increase trade exchange to US$7 billion
UAE and Russia have agreed to increase their trade exchange by 133 per cent from US$3 billion to US$7 billion in the coming period, and stressed on the need for preparing a relevant action plan to specify areas of cooperation and joint investments, in various sectors including oil and gas, agriculture, industry, small and medium size enterprises (SMEs).

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