DUBAI / WAM The Ministry of Finance (MoF), in cooperation with the Organisation for Economic Cooperation and Development (OECD), today hosted in Dubai the second forum on Pillar Two or the Global Minimum Tax of Base Erosion and Profit Shifting (BEPS) Project and the Global Anti-Base Erosion Rules (GloBE), as a part of the UAE’s commitment to international standards around ...

ABU DHABI / WAM Borouge Plc, a leading petrochemical company that provides innovative and differentiated polyolefin solutions, is supporting Rwanda’s energy sector with the innovative ‘Made in UAE’ solutions that the company has supplied to 56-megawatt power plant on Lake Kivu, Rwanda. Borouge’s solutions were used to produce pre-compounded polyethylene pipes for the power plant that will help meet about ...

VIENNA / WAM The Organisation of the Petroleum Exporting Countries (Opec) has confirmed that the UAE’s economy grew by 3.8 percent in the first quarter of 2023. In its September 2023 report, OPEC said it expects the UAE’s economic expansion to continue, noting that key sectors of the country’s economy have seen significant growth. The OPEC report highlighted that the ...