November, 2020

• 25 November

  Ministry strengthens UAE’s anti-money laundering efforts

  ABU DHABI / WAM The Ministry of Economy (MoE) announced the development of a strategic plan and initiatives within the framework of its role in supporting the efforts to combat money laundering practices in the country. MoE is the authority entrusted by the UAE Cabinet with the supervision of designated non-financial businesses and professions sector at the national level and ...

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• 25 November

  Oil hits highest since March on Biden transition, vaccine hopes

  

  Bloomberg Oil reached its highest level since March as the start of the US presidential transition process buoyed broader markets and a string of positive Covid-19 vaccine news continued to support the demand outlook. Futures rose to their highest since March in New York, alongside the back-end of the forward curve strengthening markedly into backwardation. The structures of both WTI ...

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• 25 November

  ADX, Shurooq to foster bilateral cooperation

  

  ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) announced on Tuesday that it has signed a Memorandum of Understanding (MoU) with the Sharjah Investment and Development Authority, Shurooq, with aims to foster bilateral cooperation and to provide advanced, innovative services and facilities development to the business community in the UAE. During the signing the ceremony, Mohammed Ali Al Shorafa ...

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• 25 November

  UAE condemns Houthi attack on Saudi fuel tank

  Abu Dhabi / WAM The UAE has strongly condemned the cowardly attack by the Iranian-backed terrorist Houthi militia on a fuel tank at a petroleum products distribution station in Jeddah, Saudi Arabia. The Ministry of Foreign Affairs and International Cooperation (MoFAIC) renewed its full solidarity with Saudi Arabia regarding these terrorist attacks, and its firm standing with the Kingdom against ...

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• 25 November

  FinTech AD: Global experts to discuss hottest issues in sector

  

  ABU DHABI / WAM The Mena region’s largest event focused on innovation in financial services, the FinTech Abu Dhabi Festival (FinTech AD), kicked off on Tuesday and will run until November 26. Held under the patronage of HH Sheikh Hazza bin Zayed Al Nahyan, Vice President of the Abu Dhabi Executive Council, and co-hosted by the Central Bank of the ...

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• 25 November

  Etihad launches facial biometrics test trials

  

  ABU DHABI / WAM Etihad Airways, the national airline of the United Arab Emirates, has partnered with information technology company SITA, to trial the use of facial biometrics in order to check in cabin crew at the airlines Crew Briefing Centre at Abu Dhabi International Airport. The trial will use facial recognition technology to identify and authenticate crew members, allowing ...

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• 25 November

  UAE, Slovakia to boost ties

  ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Ivan Korcok, the Minister of Foreign and European Affairs of the Slovak Republic, have reviewed prospects of advancing cooperation between the two nations. This came as the UAE top diplomat received his Slovak counterpart in the presence of Minister of Defence ...

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• 25 November

  UAE-UK deal to boost trade, export credit opportunities

  

  DUBAI / WAM Etihad Credit Insurance (ECI) the UK Export Finance (UKEF) have announced the signing of a reinsurance agreement to enhance the competitiveness, scale and scope of both countries’ export industry through strategic partnership and cooperation. The agreement, which was signed by Massimo Falcioni, CEO of ECI, and Louis Taylor, CEO of UKEF, aims to provide a robust turnkey ...

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• 25 November

  Dubai forms ‘Cashless Dubai Working Group’

  

  DUBAI / WAM The Government of Dubai has formed the “Cashless Dubai Working Group” to create an action plan to shift all payment transactions in Dubai to secure and easy-to-use cashless platforms across sectors. The initiative brings together Smart Dubai, Dubai’s Department of Finance (DoF) the Supreme Legislation Committee, Dubai Economy, Dubai Police, Dubai Economic Security Centre, Dubai Chamber, and ...

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• 25 November

  Campaign to end violence against women launched

  

  DUBAI / WAM The Dubai Foundation for Women and Children is launching its sixth violence against women campaign in the UAE, in conjunction with the global UNiTE to End Violence against Women campaign launched by the Secretary-General of the United Nations. The 16 day campaign will run from November 25 (International Day for the Elimination of Violence against Women) to ...

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