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UAE affirms full solidarity with Jordan, supports King Abdullah

ABU DHABI / WAM The United Arab Emirates has affirmed its full solidarity with the Hashemite Kingdom of Jordan, and expressed its full support for any measures taken by King of Jordan, King Abdullah II, and Jordanian Crown Prince Hussein bin Abdullah to preserve the security and stability of Jordan and defuse any attempt that seeks to jeopardise either. The ...

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Saudi hikes oil prices for Asia market in sign of confidence

Bloomberg Saudi Arabia raised prices for oil shipments to customers in its main market of Asia, signaling the kingdom’s confidence in the region’s economic recovery. The decision comes after the Opec+ cartel, led by the Saudis and Russia, agreed to boost daily crude production by more than 2 million barrels between May and July. Aramco, the Saudi state energy firm, ...

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UAE, Cuba keen to boost parliamentary relations

DUBAI / WAM Dr Tariq Humaid Al Tayer, Head of the Emirati-Latin American and North American Parliaments Friendship Committee of the Federal National Council (FNC), has met with Roberto Blanco Dominguez, Ambassador of Cuba to the UAE, at FNC headquarters in Dubai. Afra Al-Basti, Assistant Secretary-General for Parliamentary Liaison in the Council, attended the meeting. During the session, both sides ...

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Abu Dhabi committed to clean forms of energy: DoE

ABU DHABI / WAM Abu Dhabi’s energy sector is committed to supporting the global climate change agenda and the transformation to clean and renewable energy systems, said Awaidha Murshed Al Marar, Chairman of Abu Dhabi’s Department of Energy (DoE). Al Marar was speaking ahead of the first Regional Summit on Climate, which is being held in Abu Dhabi on April ...

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RAK Chamber, Kosovo discuss economic ties

RAS AL KHAIMAH / WAM The Ras Al Khaimah Chamber of Commerce and Industry discussed, with the Republic of Kosovo, ways of strengthening their economic cooperation, encouraging mutual investments and taking advantage of available opportunities in various economic sectors in both countries. The discussion took place during a meeting between Mohamed Ali Musabbeh Al Nuaimi, Chairman of the Chamber, and ...

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Dubai Economy, Amazon tie up to support startups in digital economy

DUBAI / WAM The Business Registration and Licensing (BRL) sector in Dubai Economy and Amazon have launched a new programme to support DED Trader licence holders by providing interactive e-Learning content to help them thrive in the digital economy. The new programme is part of the cooperation between Dubai Economy and Amazon to support DED Trader licence holders interested in ...

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CBUAE issues SME Market Conduct rules

ABU DHABI / WAM The Central Bank of the UAE (CBUAE) has announced the issuance of a Small to Medium Sized Enterprises (SME) Market Conduct Regulation to promote best practices among licensed financial institutions (LFIs) when engaging with SMEs. The objective of the regulation is to enhance SMEs’ access to financial products and services. CBUAE’s introduction of this regulation follows ...

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Abdullah chairs ‘Golden Jubilee Committee’ meeting

Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, chaired a meeting of the Golden Jubilee Committee attended by HH Sheikha Mariam bint Mohamed bin Zayed Al Nahyan, Deputy Chairperson of the Committee. The meeting, which was held via video conference, presented the progress made since the committee’s previous meeting ...

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Dubai Economy, Amazon partner to support start-ups in digital economy

Dubai / WAM The Business Registration and Licensing (BRL) sector in Dubai Economy and Amazon have launched a new programme to support DED Trader licence holders by providing interactive e-Learning content to help them thrive in the digital economy. The new programme is part of the cooperation between Dubai Economy and Amazon to support DED Trader licence holders interested in ...

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UAE ranked 15th globally in Kearney’s FDI confidence index

DUBAI / WAM The United Arab Emirates has ranked 15th globally in Kearney’s 2021 Foreign Direct Investment (FDI) Confidence Index, up from 19th place in 2020. The UAE business environment demonstrated continued strengths in factors most important to investors, including government incentives for investors. The country’s strong enabling environment, featuring advanced technological infrastructure and high innovation levels, is also central ...

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