ABU DHABI / WAM The Federal Authority for Nuclear Regulation (FANR), the nuclear regulator in the UAE, has developed the nation’s first automated import and export control system for nuclear related items. Fully integrated with the Abu Dhabi General Administration of Customs, FANR’s NuTech Portal system has reduced approval time for the clearing of shipments from Abu Dhabi Customs by ...

Bloomberg The number of new licenses approved for foreign businesses in Saudi Arabia rose by 70 percent in the first quarter from a year earlier, according to the Saudi Arabia General Investment Authority. Applications from British and Chinese companies drove the increase, rising by 86 percent and 71 percent, respectively, Ibrahim Al Omar, governor of Sagia, as the kingdom’s investment-promotion ...

DUBAI / WAM Nasdaq Dubai on Sunday welcomed the listing of a $1.5 billion sukuk by Islamic Development Bank (IDB). The listing underlines Dubai’s role as the largest centre globally for sukuk listings by nominal value currently totalling $60.89 billion. IDB now has 10 sukuk listed on the Middle East’s international financial exchange with a total value of $12.54 billion. ...