UAE cancels nearly $7 bln in Iraq debtfrom Reuters: International News DUBAI (Reuters) - The United Arab Emirates has cancelled almost $7 billion of debt including interest and arrears payments owed by Baghdad, becoming the first Gulf Arab country to forgive all of Iraq's debt.
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Abu Dhabi, UNITED ARAB EMIRATES — This tiny Middle Eastern country sitting on one-tenth of the world’s oil is experiencing a building boom as the sheiks who rule the United Arab Emirates are spending their petrodollars on a series of projects and charities that reach out to the West.
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The economy of United Arab Emirates is well set up to benefit from international trade, according to a study by the World Economic Forum (WEF).
Researchers analysed data from 118 economies to evaluate which countries had taken the most effective steps to facilitate free trade.
Hong Kong topped the resulting Enabling Trade Index, with United Arab Emirates the top Middle East economy in 23rd position.
The WEF noted that the federation's wide range of import tariffs had resulted in it...
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ArcelorMittal, the world’s largest integrated metals and mining company, announces that it intends to acquire 60% of the entire issued share capital of DSTC FZCO, a newly incorporated company located in the Dubai free zone.
Together with DSTC FZCO, ArcelorMittal is widening its offering in the Middle Eastern area. DSTC FZCO will acquire the main business [...]
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Job Title: Critical Care Nursing Director Opportunity to Build Academic Medical Center in DubaiJoin a progressive team of healthcare leaders to build and open a new academic medical center in the most talked about city in the world Dubai, UAE.In affiliation with Harvard Medical School Dubai Center Institute for Postgraduate Education, the University Hospital, as part of the Mohamed Bin Rashid Academic Medical Centre, will function as the main tertiary care facility within Dubai...
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