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5:09:39 AM , 23 Mar 2017
Aldar Properties To Invest AED 1.9 Billion In Recurring Revenue Assets On Yas And Reem Islands (20 March 2017)
Aldar Properties PJSC announced further details of its current investment programme.

UAE Central Bank announces M1 increases by 1.9 percent (20 March 2017)
The UAE Central Bank has announced that the Money Supply aggregate M1 increased by 1.9 percent, from AED479.9 billion at the end of January 2017 to AED488.9 billion at the end of February 2017.

UAE-Germany non-oil trade at $10.9 bln in first 9 months of 2016 (17 March 2017)
Non-oil trade between the UAE and Germany stood at more than US$15.5 billion in 2015, and $10.9 billion in the first nine months of 2016.

Afra Atiq wins The Gulf Capital – ADMAF Creativity Award 2017 (15 March 2017)
Abu Dhabi Music & Arts Foundation (ADMAF) announced the recipient of the prestigious Gulf Capital – ADMAF Creativity Award last night in the presence of H.E. Sheikh Nahayan Mabarak Al Nahyan, UAE Minister of Culture & Knowledge Development;

ETIHAD CARGO BOOSTS FREIGHTER FLEET WITH 10th AIRCRAFT (14 March 2017)
Etihad Cargo has taken delivery of its 10th freighter further boosting Etihad Airways’ fastest growing division.

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RECENT FEATURES
UAE personal loans amount to AED349 billion in February

Total volume of personal loans in the UAE increased to AED 349.9 billion in February 2017, according to a UAE Central Bank report issued on Tuesday, which affirmed the banks’ continual contribution to the overall wellbeing and growth of the economy. By providing personal and corporate finance facilities, as well as creation of jobs, the UAE banks continue to play a dynamic role in establishing a robust economic development process through the mobilisation of financial resources, ensuring the required financing for the support of the national economy and creating the required investments, the report added. 

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Abu Dhabi expected to achieve 3.7% economic growth in 2017

Khalifa bin Salem Al Mansouri, Acting Under-Secretary of the Department of Economic Development in Abu Dhabi, is expecting Abu Dhabi’s economy to achieve a growth rate of between 3.5 to 3.7 percent during the current year, in light of the emirate’s ongoing implementation of large projects, an increase in private sector investments and oil price stability.

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UAE economy is expected to grow by 4% in 2017

Eng. Sultan bin Saeed Al Mansouri, Minister of Economy, has predicted that the national economy will achieve a growth rate of between 3.5 to 4 percent during the current year amid activity and intensity of the performance of vital economic sectors. He noted this growth will be spurred by the country’s growing investment attractiveness, with a view to achieve numerous accomplishments in national economic indicators. 

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UAE Rain Enhancement Science awardee files patent for cloud seeding breakthrough

One of awardees of the First Cycle of the prestigious UAE Research Programme for Rain Enhancement Science has filed a provisional patent with the United States Patent and Trademark Office, USPTO, for a promising new application of nanotechnology to cloud seeding techniques.

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WhatsApp and Facebook are most popular in UAE, reveals Federal Competitiveness Authority

The Federal Competitiveness and Statistics Authority has revealed the results of a survey about the public use of social media. According to the survey, the results show that WhatsApp and Facebook are the most popular with 97 percent and 89 percent, followed by YouTube with 73 percent. The least popular form of social media are Snapchat and LinkedIn, with 27 percent and 16 percent. LinkedIn is used mostly by the age group between 22 and 34 years old, while the age group between 18 and 21 years old had the highest rate of social media usage. 

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