Dubai / WAM The Dubai International Financial Centre (DIFC), is set to make structuring and financing faster, economical, and more flexible. Under a newly introduced regime, structures such as Intermediate Special Purpose Vehicles and Special Purpose Companies will now be classified as ‘Prescribed Companies’. The new prescribed companies regime expands the previous regime to also allow certain firms to establish themselves ...

Abu Dhabi / WAM Although some countries have taken concrete steps against climate change, the related global efforts are not satisfactory, according to UN Secretary-General Antonio Guterres. “Climate change is outpacing our efforts. It is happening faster than we expected,” he said in his opening remarks at the Abu Dhabi Climate Meeting on Sunday. “All over the world, people are ...

Abu Dhabi / WAM Brune Poirson, French Secretary of State for the Ecological and Inclusive Transition, arrived in the UAE to attend the ‘Abu Dhabi Climate Meeting for the UN Climate Action Summit 2019’, taking place on Sunday and Monday. France, who currently holds the Presidency of the G7, has made combating climate change one of its top diplomatic priorities, ...