DUBAI / WAM The Dubai Investment Development Agency, Dubai FDI, kicked off its first of a series of visits for 2019 under the Global Promotional Investment Programme. The tour, which takes place from March 9 to March 16, is aimed towards strengthening bilateral relations with one of the most important global economic powers while also opening new markets in line ...
Read More »News
Mohamed bin Zayed honours Sandooq Al Watan supporters
ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday honoured the supporters of Sandooq Al Watan, who have been contributing to achieving the initiative’s national objectives since its establishment. “UAE nationals embody the quintessential Emirati values of giving, the seeds of ...
Read More »Mohamed, president of Togo discuss ways to develop bilateral ties
Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received on Monday, President Faure Gnassingbe of Togo, at the Beach Palace in Abu Dhabi. During the meeting, the two sides discussed bilateral ties between the UAE and Togo, and means of developing them ...
Read More »Khalifa Fund inks $15mn pact to support Togolese SMEs
Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President Faure Gnassingbe of Togo, witnessed on Monday, the signing of an $15 million agreement between Khalifa Fund for Enterprise Development and Togo’s Ministry of Finance, to support micro, small and medium-sized enterprises ...
Read More »Mohamed OKs AED1b incentives to create global AgTech centre
Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has approved a series of incentive packages totaling up to AED1 billion for local and international Agriculture Technology, AgTech, companies to build and grow a presence in Abu Dhabi. The announcement aims to drive ...
Read More »UAE, OECD sign three-year extension on international tax principles cooperation
Dubai / WAM The Ministry of Finance (MoF), held an official ceremony on Monday to celebrate 30 years of signing the avoidance of double taxation and bilateral investment agreements. A press conference to announce and sign a three-year extension of the MoU between the UAE and the Organisation for Economic Cooperation and Development (OECD), also took place. The MoU stipulates ...
Read More »Etihad to display aircrafts, services at ‘Saudi Airshow’
Abu Dhabi / WAM Etihad Airways has announced that it will take part at the Saudi International Airshow with displays of some of its aircraft, products and services, and a number of important partnership announcements. The airshow is the first aviation and aerospace exhibition of its kind to be held in the Kingdom of Saudi Arabia from March 12-14. Etihad ...
Read More »China looks to Brexit, EU for cross-border finance
Bloomberg Chinese researchers are watching the UK’s impending exit from the European Union (EU) to see what kind of arrangements are put into place to allow regions with separate economic and regulatory policies to have an integrated financial market. The future of the UK as a European financial services hub after Brexit is of interest as China seeks to develop ...
Read More »Hong Kong faces rising borrowing costs
Bloomberg Hong Kong faces the likelihood of rising borrowing costs after the city’s de facto central bank intervened to defend its currency peg for the first time since August. The Hong Kong Monetary Authority bought HK$1.51 billion ($192 million) of local dollars during London and New York trading hours after the currency fell to the weak end of its trading ...
Read More »Japanese machine tool orders fell 29% in Feb
Bloomberg Japan’s machine tool orders fell 29 percent in February from a year earlier, the biggest drop since October 2009, adding to signals that a global slowdown is hitting the world’s third-largest economy. While the gauge is volatile, the latest drop is the fifth straight and marks an acceleration in the decline, according to data from the Japan Machine Tool ...
Read More »