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HuaweiDUBAI - The regional dogfight for the thrifty air traveller tightened up a notch on Monday when Dubai’s first low-cost carrier—flydubai – took wing with an inaugural flight 
to Beirut.
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ABU DHABI - Abu Dhabi’s foreign trade grew by 37.5 per cent in 2008 on the back of significant rise in the value of imported commodity goods, an official report said.
FUJAIRAH - The Financial Control Office has been set up as per Amiri decree number 2 of year 2009, issued by His Highness Shaikh Hamad bin Mohammed Al Sharqi, UAE Supreme Council Member and the Ruler of Fujairah.
DUBAI - Global marine terminal operator DP World has formally taken over operations at the Port of Djen Djen, now DP World Djen Djen, in accordance with a 30-year operating concession signed early last month.
DUBAI - Enrollment at Dubai schools for South Asian children rose by 2 per cent in the academic year that began in April, evidence that the emirate’s expatriate population is stable—and a sign that the economy’s fundamentals are stronger than critics have claimed, a senior government official said on Sunday.
DUBAI - The Dubai Department of Economic Development, or DED, and The Dubai Technology and Media Free Zone Authority, or DTMFZA, have signed a co-operation agreement to facilitate licensing procedures and provide a stronger growth-environment for investors in Dubai.
DUBAI - The UAE Cabinet on Sunday approved a draft federal law for the establishment of Emirates Development Bank by merging Emirates Real Estate Bank and Emirates Industrial Bank into a single entity.
TOKYO - Abu Dhabi Investment Authority (ADIA), one of the world’s biggest sovereign wealth funds, is likely to continue making dollar-based investments because Abu Dhabi has a dollar-denominated economy, an official said.
DUBAI - The composition of Dubai’s economy will undergo a structural shift over the next few years toward sustainable long-term sectors, a top government official said.
DUBAI - Milliman Incorporated announced recently that it has registered an office at the Dubai International Financial Centre, or DIFC, to serve the Middle East, Africa and South Asia region.