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Ministry strengthens UAE’s anti-money laundering efforts

ABU DHABI / WAM The Ministry of Economy (MoE) announced the development of a strategic plan and initiatives within the framework of its role in supporting the efforts to combat money laundering practices in the country. MoE is the authority entrusted by the UAE Cabinet with the supervision of designated non-financial businesses and professions sector at the national level and ...

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Oil hits highest since March on Biden transition, vaccine hopes

Bloomberg Oil reached its highest level since March as the start of the US presidential transition process buoyed broader markets and a string of positive Covid-19 vaccine news continued to support the demand outlook. Futures rose to their highest since March in New York, alongside the back-end of the forward curve strengthening markedly into backwardation. The structures of both WTI ...

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ADX, Shurooq to foster bilateral cooperation

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) announced on Tuesday that it has signed a Memorandum of Understanding (MoU) with the Sharjah Investment and Development Authority, Shurooq, with aims to foster bilateral cooperation and to provide advanced, innovative services and facilities development to the business community in the UAE. During the signing the ceremony, Mohammed Ali Al Shorafa ...

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