Dubai / WAM Sultan bin Saeed Al Mansouri, UAE Minister of Economy, said that economic relations between the UAE and Iraq have witnessed unprecedented growth over the past years due to the willingness of the two countries to strengthen their relationship on all levels. “Volume of non-oil trade between the UAE and Iraq reached a relatively high rate at $11 ...

DUBAI / WAM The Dubai Financial Services Authority (DFSA), on Monday entered into a Memorandum of Understanding (MoU) with Lebanon’s Capital Markets Authority (CMA). The MoU will enhance information sharing and cooperation on supervisory issues, further extending the existing relationship between the two markets. It also provides the foundation to facilitate the entry of some financial institutions into Dubai International ...

Dubai / WAM DP World Limited announced on Monday that it has entered into agreements to acquire Maritime World LLC, the 100% owner of Dubai Maritime City (DMC), for a purchase consideration of $180 million and to buy 100% of Drydocks World LLC (Drydocks) by means of a capital injection of $225 million, taking the total cash required for the ...