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UAE-China trade rises 15% to $53bn in 2017

ABU DHABI / WAM The value of trade exchange between the UAE and China in 2017 grew to $53.3 billion (AED195.8 billion), compared to $46.3 billion (AED169 billion) in 2016, an increase of 15.1 percent. A report on the non-oil foreign trade exchange between the UAE and China explained that this increase is the result of the rise in re-exports ...

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Waha Capital plans to hire for new funds

Bloomberg Abu Dhabi investment firm Waha Capital PJSC plans to hire more people as it seeks to start new funds, one of which will target undervalued US and European equities. “Our strategy is to increase fee income by raising third-party assets under management,” Chief Executive Officer Michael Raynes said in an emailed response to questions. “The focus is to take ...

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MoF unveils smart platform to link e-revenue systems

ABU DHABI / WAM The Ministry of Finance (MoF) launched a smart unified platform service that links all e-revenue collection systems of the federal government, during a workshop by ministry, which saw participation of over 20 federal government entities. The platform was designed to connect all revenue collection e-Systems for Federal Government, which, enhances the delivery of public services to ...

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