UAE Financial Market News
14 March 2010. UAE stocks were up, with a substantial gain on increased trading for Emaar, DFM, and Arabtec, while banks in Abu Dhabi stood out in the green list. On the Nasdaq Dubai at 1530 UAE time, DP World is up 4.4%, and Depa is unchanged.
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Air Traffic Movements Grow By 12.7% In February
The civil aviation sector in UAE continued recording higher growth rates in February 2010 compared to the same month last year. Growth was noted across all operations including aviation, air safety, security, infrastructure, transportation, licensing and aeromedical as well as many transactions which are related to the civil aviation sector and ancillary operations in the UAE, according to UAE General Civil Aviation Authority (GCAA).
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95% Of Education Professionals Polled In The UAE Want Financial Literacy Taught In Schools
An overwhelming number of education professionals polled in the UAE believe that basic financial literacy skills are essential for young people today and would like to see the fundamentals of money management taught in schools, according to a recent survey carried out by Visa, the leading payment solutions provider.
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Emirates Airline Festival of Literature 2010
The Emirates Airline International Festival of Literature (EAIFL) set an important precedent by holding the first literary festival of this stature and size in the Middle East in February 2009. It was declared a triumph, having bought together 65 internationally esteemed authors from 20 countries to speak to packed audiences. The InterContinental Hotel was home to the festival, with the stunning creek views and the ever changing skyline forming the perfect backdrop for this annual event.
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Trade Surplus Dips 59% On Lower Oil Prices, Bank Credit
Lower oil prices and production, allied with a sharp fall in bank credit to commerce and other sectors, depressed the UAE’s trade surplus by about 59 per cent in 2009 after hitting a record high level in 2008, official data showed yesterday.
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