September, 2017

• 24 September

  UAE to provide $30mn financial support to UN

  

  New York / WAM The UAE has announced its intention to make two financial donations to the United Nations; US$15 million to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), to help in its basic programmes for Palestinian refugees, and another $15 million will be allocated to support UN Women over the next …

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• 24 September

  Central bank withdrew AED3.1bn surplus liquidity

  Abu Dhabi / WAM The UAE central bank withdrew AED3.1 billion in excess liquidity during August, bringing the total withdrawals to AED11.3 billion in two months. The apex bank said the move is part of its continuing efforts to manage excess liquidity in the banking system. The UAE central bank withdrew AED8.2 billion of excess liquidity during July, which resulted …

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• 24 September

  ISDA recognises ADGM as an effective netting regime

  

  ABU DHABI / WAM Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, announced that the International Swaps and Derivatives Association (ISDA), recognised ADGM as an effective netting regime and published a positive legal opinion to its members. The new recognition further reinforces ADGM’s position in providing a robust legal framework, which allows financial institutions and corporates …

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• 24 September

  Etihad, Citi finish treasury tools 6 months early

  

  Abu Dhabi / Emirates Business Etihad Airways and its international cash management bank partner Citi have successfully completed a project six months ahead of schedule to introduce new automated treasury tools at the airline. The 18-month project saw Etihad Airways implement Citi’s Liquidity Management solution across its international network to achieve substantial cash optimisation and competitive market rates resulting in …

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• 24 September

  China trade week UAE opens today

  Abu Dhabi / Emirates Business Despite the recent projected downward trend in Chinese trade growth, China looks set to maintain its position as Dubai’s biggest trade partner as annual China Trade Week UAE returns from September 25-27. Currently, about 60 percent of China’s total trade passes through UAE, from where it is re-exported to Africa and Europe. China remained Dubai’s …

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• 24 September

  Sharjah Ruler arrives in Kerala on 2-day visit

  

  Kerala / WAM His Highness Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, accompanied by HH Sheikha Jawaher bint Mohammed Al Qasimi, wife of HH the Ruler of Sharjah and Chairperson of the Supreme Council for Family Affairs, on Sunday arrived at Trivandrum International Airport in Kerala, India. The two-day official visit came following …

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• 24 September

  UAE to offer $30mn financial support to UN

  NEW YORK / WAM The UAE announced its intention to make two financial donations to the United Nations; $15 million to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), to help in its basic programmes for Palestinian refugees, and another $15 million will be allocated to support UN Women over the next three …

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• 24 September

  ADM opens new entrance to Khalifa City worth AED11mn

  

  Abu Dhabi / WAM Abu Dhabi City Municipality (ADM) has opened a new entrance to Khalifa City next to Al Raha Beach, at a length of 800 metres and costing AED11 million. The project is part of the efforts of the ADM and its desire to improve local infrastructure, including roads, bridges, tunnels, entrances and city exits to the capital and …

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• 24 September

  Dubai Chamber presents ‘CSR label’ to 14 companies

  

  Dubai / Emirates Business The Dubai Chamber of Commerce and Industry honoured 14 companies for their corporate social responsibility and sustainability efforts during a ceremony held at its premises today. The Dubai Chamber CSR Label was presented to Emirates Gas for the seventh time, Alpen Capital (ME) Limited for the sixth time, while Six Construct, and Union Cooperative earned the …

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• 24 September

  DMCA to highlight new global maritime innovation

  

  Dubai / WAM The Dubai Maritime City Authority (DMCA) will highlight new global maritime innovation at the 2nd Dubai Maritime Agenda. Held under the patronage of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, the event will open its doors in next month to explore major opportunities in the …

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