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Costa Rica to support dubai expo 2020
DUBAI: The Costa Rica would open its Embassy in the UAE soon as both countries enjoy strong trade relations. This was stated by Luis Guillermo Solís Rivera, President, Costa Rica, during a media briefing at the Dubai Chamber’s premises on Tuesday. “Our country would fully support Dubai Expo 2020 and we are also planning to establish a trade office in the City of Wonders,” he added. Solis emphasised Costa
 
 
Dubai GDP expands 2.7% in 2016, expected to grow 3.1% in 2017
DUBAI: Sheikh Ahmed Bin Saeed Al Maktoum, President of Dubai Civil Aviation, Chief Executive of the Emirates Group and Chairman of the Economic Development Committee in Dubai, said the economy of Dubai grew by 2.7 per cent in real terms in 2016, despite declining oil prices, sluggish growth in developed as well as many emerging economies, and a mere 1.7 per cent growth in global trade, its lowest since 2008-2009. The Emirate is
   
Masdar takes 25% stake in world’s first floating wind farm
ABU DHABI: Masdar, Abu Dhabi’s renewable energy company, has acquired a stake in Hywind Scotland, a 30-megawatt (MW) floating offshore pilot wind farm in the North Sea. Dr Sultan Al Jaber, UAE Minister of State and Chairman of Masdar; Dr Thani Al-Zeyoudi, Minister of Climate Change and Environment; Tone Skogen, State Secretary in the Ministry of Foreign Affairs, Norway; Philip Parham, British Ambassador to the UAE; Mohamed
 
 
Pakistan’s ranking improves in WEF’s development index
ISLAMABAD: Pakistan has been ranked 52nd, ahead from India (60th), among 79 developing economies in the Inclusive Development Index (IDI), according to a World Economic Forum (WEF) report. The ‘Inclusive Growth and Development Report 2017’, released in Davos on Tuesday, said that most countries were missing important opportunities to raise economic growth and reduce inequality at the same time because the growth model and
   
Bahrain to host sixth GCC financial forum
MANAMA: Euromoney Conferences, an organiser of conferences for cross-border investment and capital markets and co-host, the Bahrain Economic Development Board (EDB), announced the return of the GCC Financial Forum. The sixth annual event, which has grown to become the leading conference for financial services in the GCC since its inception in 2012, will take place in Manama on 27 and 28 February 2017.
 
 


 
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