ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued Federal Decretal Law No.10 of 2018 on Netting, where its provisions shall apply to all qualified financial contracts, netting agreements specified under this law or collateral arrangement, which are entered into by any person in the state. This decretal law does not apply to the ...

Bloomberg Global finance chiefs used the closing sessions of talks in the tropical resort of Bali to hammer home the message that simmering trade tensions are already denting global growth and need to be resolved. Bank of Japan Governor Haruhiko Kuroda said it’s essential to have dialogue on trade; Brazil’s central bank President Ilan Goldfajn flagged the tensions as one ...

ABU DHABI / WAM Adnoc Distribution’s shareholders have approved the Board of Directors’ recommendation to pay an interim dividend of AED735 million, at the company’s General Assembly meeting. Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Chairman of the Adnoc Distribution Board of Directors, said: “Adnoc Distribution has maintained its com- mitment to a progressive and consistent ...

ABU DHABI / WAM Abu Dhabi Ports and Etisalat have signed a Memorandum of Understanding (MoU) focussing on advancing technological capabilities and business opportunities in support of Abu Dhabi Economic Vision 2030. The partnership, signed at Gitex Technology Week, focusses on building shared electronic projects, exchanging knowledge, simplifying procedures, securing fixed and wireless telecommunications coverage, and managing operational risk. Etisalat ...

DUBAI / WAM A team from Mohammed bin Rashid Space Centre (MBRSC), have conducted the final technical tests on KhalifaSat, which arrived at Tanegashima Space Centre in Japan. KhalifaSat was prepared for mating with the launch vehicle, Rocket H-IIA, and has been successfully installed into it and is awaiting launch on October 29. The satellite is stored within a specially ...

CAIRO / WAM­­­­­ The UAE will participate in the Egypt’s inaugural International Business and Franchise Expo (BiznEX 2018). The expo will run from November 8-10 at the Egypt International Exhibition Centre, and will see the participation of 200 public and private investment organisations from across several Arab countries. Mohsen Adel, Chairman of the General Investment Authority of Egypt, said that ...

AL DHAFRA / WAM The Abu Dhabi Police (ADP), discussed a response plan for monitoring the radiation of the Barakah Nuclear Power Plant and explored the readiness of relevant authorities and participating teams for emergency situations, according to set plans supervised by a radiation monitoring team. The meeting, chaired by Colonel Hamdan Saif Al Mansouri, Director of the Criminal Security Sector ...

Dubai / WAM The ‘Business Map’ digital platform of the Dubai Department of Economic Development (DED) saw 22,113 business registration and licensing transactions being completed during the month of September, an increase of 25% compared to August (17,710 transactions). This confirms the position of Dubai as a business and investment hub as well as the emirate’s advanced sustainability standards. The ...

Dubai / WAM DV Global Link, the joint venture between Italian Exhibition Group and Dubai World Trade Centre, has signed a Memorandum of Understanding with ANFAO, the Italian Optical Goods Manufacturers’ Association, a Confindustria associate. The agreement initiates the establishment of a partnership, which will lead to the participation of ANFAO member companies at the Dubai Optical Show – Vision ...

Dubai / Emirates Business With the 24th edition of Dubai Shopping Festival (DSF) promising to provide unforgettable shopping experiences, the Dubai Festivals and Retail Establishment (DFRE), an agency of Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) announced that the DSF Mega Raffles promotions – the Infiniti Mega Raffle and the Nissan Grand Raffle – will begin on October ...