ABU DHABI / WAM Etihad Credit Insurance (ECI), the UAE Federal export credit company, signed a Memorandum of Understanding with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a member of the Islamic Development Bank Group, to boost export trade through the promotion of Shariah-compliant export credit and investment insurance instruments. With the aim of establishing ...

DUBAI / WAM In another first, investors globally will now be able to start their business in Dubai without having to be in the UAE, following an agreement between the Dubai Investment Development Agency (Dubai FDI), an agency of the Department of Economic Development (DED), in Dubai, and the US-based Alliance Business Centres Network (ABCN). The partnership will enable investors ...

ABU DHABI / WAM Aldar Properties on Wednesday announced that its 100% owned subsidiary Aldar Investments has successfully issued its debut fixed rate US dollar denominated sukuk, with a tenor of 7 years, raising a total of $500 million. Aldar Investments is the region’s largest diversified real estate investment company. The new issuance demonstrates Aldar Investments’ ability to raise efficient ...

VIENNA / WAM The UAE’s Federal Authority for Nuclear Regulation (FANR), has signed three Memoranda of Understanding on cooperation, exchange of technical information, capacity building, research and development. The three MoUs were signed on the sidelines of the 62nd IAEA General Conference in Vienna, Austria. FANR signed a cooperation agreement with the Nuclear Safety Authority of France for the exchange ...

NEW YORK / WAM Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs and the Future, participated in the first meeting of the High-Level Panel on Digital Cooperation, convened by UN Secretary-General Antonio Guterres in the margins of the UN General Assembly in New York on September 24-25. “The issues this panel is working on affect practically every aspect of ...

ABU DHABI / WAM Aldar Properties on Wednesday announced that it has acquired 40% of Khidmah — one of the UAE’s leading integrated property services companies — taking its total ownership to 100%. The acquisition reinforces Aldar’s commitment to the property management sector and its belief that world class property management is a key source of value creation for real ...

Abu Dhabi / WAM In a bid to achieve food security in developing countries and eradicate global poverty, Abu Dhabi Fund for Development (ADFD), has allocated nearly AED3.2 billion towards development projects in the agricultural and irrigation sectors. Representing seven percent of the total financial assistance contributed by the fund in supporting developing countries to date, this assistance has allowed ...

ABU DHABI / WAM From counterfeit goods to illicit financial flows, to human trafficking and drugs; the ‘shadow’ economy is estimated reach over $3 trillion. With an aim to create a dialogue and address the root cause of illegal trade, The Economist Events will host the third Global Illicit Trade Summit on October 30 at the Etihad Towers, Abu Dhabi. ...

Dubai / WAM Regional and international experts on sustainable built environments will come together at the 7th Annual Emirates Green Building Council, EmiratesGBC, Congress to discuss best practices and strategies to go beyond net zero carbon buildings, and explore the significance of net zero cities in ensuring the viability and liveability of our cities in the future. Organised by EmiratesGBC, ...

Bloomberg Standard Chartered Plc said it will stop financing new coal-fired power plants anywhere in the world as part of its commitment to supporting the Paris Agreement on climate change. The move follows “detailed consultation with a range of stakeholders,” according to a statement from the London-based bank. Environmental degradation, extreme weather and rising seas are among the climate change ...