ABU DHABI / WAM Abu Dhabi Global Market (ADGM) and the Bahrain Economic Development Board (EDB) signed a fintech cooperation agreement, marking a significant first in the MENA region. With the new partnership, Bahrain EDB and ADGM will explore initiatives to promote economic growth in financial services through the adoption of new technology, and highlight MENA’s strengths in the fintech ...

DUBAI / WAM The Ministry of Finance stated that adopting value-added tax (VAT) in the UAE will have a positive effect on its development and competitiveness, and will contribute to building a sustainable knowledge-based economy for future generations, as the tax will provide additional financial resources and enable the UAE government to realise its strategy and guarantee a prosperous future. ...

DUBAI / WAM Dubai Investments Park (DIP), a wholly-owned subsidiary of Dubai Investments, has signed a three-year cleaning contract worth AED6.8 million with Imdaad. With effect from February 2018, Imdaad will be responsible for the external cleaning of the 2,300-hectare DIP. The agreement was signed recently by Omar Al Mesmar, General Manager of DIP, and Jamal Abdullah Lootah, Group CEO ...

DUBAI / WAM Saeed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority (DEWA) received a high-level delegation from the French company Suez. The visit supports DEWA’s collaboration with international organisations to share best practices and knowledge in the energy and water field. The delegation included Pierre Pauliac, Chief Executive Officer Middle East, and Jean-Marc Farrugia, Municipal ...

Al Ain / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received a delegation from Strata Manufacturing at Qasr Al Maqam in Al Ain on Monday. ...

Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council Dubai, on Monday honoured the winners of the 10th cycle of the Mohammed bin Rashid Award for Young Business Leaders (YBL), instituted by Dubai SME, the agency of Dubai Economy mandated to develop the SME sector. Sheikha ...

Dubai / WAM His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of the Dubai International Financial Centre, on Monday received John Flint, the newly appointed Executive Director and Group Chief Executive of HSBC Group, who was accompanied by his predecessor Stewart Gulliver. Sheikh Maktoum welcomed Flint, who will assume his duties in ...

Abu Dhabi / WAM His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Red Crescent (ERC), said that UAE, under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, is at the forefront of international charity action, due to its development initiatives and its consideration for the ...

Abu Dhabi / WAM Abu Dhabi Ports is supporting the economic plans and directives of the Abu Dhabi Government, with the aim of creating a diversified and sustainable economy based on innovation and knowledge. Under this framework, Abu Dhabi Ports has been keen, since its establishment in 2006, to help realise the strategic priorities of the Abu Dhabi 2030 Vision, ...

DUBAI / Emirates Business Emirates Group Security and Etihad Aviation Group (EAG) signed a Memorandum of Understanding (MoU) for cooperation in aviation security. The MoU was signed by Sir Tim Clark, President Emirates Airline, and Tony Douglas, Group Chief Executive Officer of Etihad Aviation Group, in the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief ...