Abu Dhabi / WAM Following China President Xi Jinping’s historic visit to the UAE in July, senior representatives at Abu Dhabi Ports and Khalifa Industrial Zone Abu Dhabi (Kizad), visited Nanjing, Jiangsu Province, to bolster growing trade relations. During the China-UAE Industrial Capacity Cooperation Demonstration Zone Investment Promotion Conference, industry leaders, government officials and private sector decision makers gathered to ...

ABU DHABI / WAM The Registration Authority of Abu Dhabi Global Market (ADGM), signed a Memorandum of Understanding (MoU), with the Emirates Development Bank (EDB), the host and operator of Mohammed Bin Rashid Innovation Fund (MBRIF). Through the MoU, the parties aim to facilitate cooperation in cultivating local entrepreneurship and innovation. Access to finance for young businesses remains a fundamental ...

Dubai Emirates Business Expo Centre Sharjah and the Riyadh International Convention and Exhibition Centre, RICEC, have signed a cooperation agreement to exchange knowledge and expertise between the two centres, as well as to review the best practices applied by both sides in the field of organising exhibitions and conferences and specialised events. Under the agreement, the two sides will cooperate ...

Sharjah / WAM Sharjah Consultative Council (SCC), received at the headquarter of SCC, Saudi Arabian delegation to look at investment opportunities. The delegation was headed by Dr Abdul Rahman Abdullah Almushekih, former member of the Shoura Council, Chairman of Alwasail Agricultural Company, and numbers of Sheikhs and top of officiants. Khawla Al Mulla, Chairperson of the Sharjah Consultative Council, welcomed ...

Abu Dhabi / WAM Abu Dhabi Commercial Bank (ADCB), has been announced as a ‘Corporate Champion’ for the second edition of the game-changing Innovation Challenge 2018 by Abu Dhabi Global Market (ADGM), and KPMG Lower Gulf Limited (KPMG LG). This year’s challenge will see ADCB and ADGM work directly with a selected FinTech firm to create a purpose-built, targeted solution ...

Dubai / WAM Dubai’s Roads and Transport Authority (RTA), has launched a new service enabling clients to pay the RTA fines, for all the vehicles registered under the federal traffic system across the UAE, in easy instalments using credit cards. The service is part of the RTA’s strategic goals aimed at achieving people happiness and financial sustainability. “The RTA has ...

Dubai / WAM The Business Registration and Licensing (BRL), sector in Dubai’s Department of Economic Development (DED), completed 17,710 transactions including 1,221 new trade licenses during the past month according to the ‘Business Map’ digital platform. Renewal of Licenses accounted for 9,071 transactions, while there were also 2,111 transactions related to Trade Name Reservation and 1,475 Initial Approvals. The Auto ...

Bloomberg US stocks swung between gains and losses as lingering anxiety about US and Chinese trade relations hung over global financial markets. Treasury two-year note yields rose to a one-decade high, while oil steadied. The S&P 500, Dow Jones Industrial Average and the Nasdaq Composite all pushed higher briefly after starting the day in the red, before settling into little ...

Bloomberg The pound may be in for a rough ride as contrasting headlines surrounding the fate of Brexit test traders’ nerves. Sterling whipsawed between gains and losses multiple times on Tuesday as investors adjusted their positions to news about the UK’s impending exit from the European Union. The currency tumbled from a six-week high after a report the EU sees ...

Abu Dhabi / Emirates Business Adnoc Distribution, the UAE’s largest fuel and convenience retailer, announced on Tuesday it has signed an agreement with Etisalat Digital for a cloud-based digital signage advertising network. This digital signage project will be rolled out across 100 Adnoc Distribution service stations and will be the UAE’s largest out-of-home advertising network, establishing new means for both ...