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UAE, US sign deal to lower trade barriers by aligning on standards

  ABU DHABI / WAM The UAE’s Ministry of Industry and Advanced Technology (MoIAT) on Friday signed a memorandum of understanding (MoU) with the American National Standards Institute (ANSI) with the aim of lowering trade barriers and promoting economic growth. The MoU was signed during the ISO Annual Meeting 2022, which is taking place in Abu Dhabi this week. The ...

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Borouge to distribute interim dividends of AED 1.2 billion

ABU DHABI / WAM Borouge petrochemical company on Friday announced the General Assembly approval for its 2022 interim dividend payment of US$325 million (AED1.2 billion) equivalent to 3.97 fils per share. The interim dividend will be paid to shareholders of record on 3rd October 2022 and is the first payment of the expected total FY 2022 dividend of $975 million ...

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Ajman’s exports to Saudi reach AED155m in H1

  AJMAN / WAM Saudi Arabia is the second leading destination of Ajman’s exports, which totalled some AED155 million in the first half of 2022. Fish, mineral fuels, plastics, and their products were the top export products. On the occasion of Saudi Arabia’s National Day, a report by the Department of Economic Development-Ajman showed that the total number of licences ...

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