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Bloomberg Brexit trade talks headed into a decisive weekend with neither side confident of a deal after a frantic 24 hours exposed just how far apart the UK and European Union (EU) still are on an issue that’s hampered the talks since March. With officials from both sides expecting a conclusion one way or the other within the next two ...

CAIRO / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Abdel Fattah el-Sisi, President of Egypt, on Wednesday discussed the prospects of further consolidating the strong cooperation ties between the UAE and Egypt. This came as President el-Sisi received His Highness Sheikh Mohamed bin ...

Abu Dhabi / WAM First Abu Dhabi Bank (FAB) announced the expansion of its global network into Asia with the opening of a representative office in Jakarta, Indonesia. FAB Indonesia will serve as a bridge to facilitate trade and investment flows between the UAE, wider GCC region, Egypt and Asia. The representative office will support bank customers with interests in ...

Abu Dhabi / WAM The General Administration of Abu Dhabi Customs announced that the volume of non-oil trade exchange between the Emirate of Abu Dhabi and the Kingdom of Bahrain through the emirate’s ports amounted to AED 41.83 billion during the period from 2015 to November of this year, which reflects the development of economic and trade relations between the ...

Dubai / WAM The Ministry of Climate Change and Environment (MOCCAE) held a virtual media briefing on Wednesday on the launch of the UAE Environmental Policy, approved by the UAE cabinet in late November. The policy aims to enhance the quality of life, support the implementation of the Sustainable Development Goals (SDG), promote economic diversity and prosperity, and preserve ecosystems ...

Sharjah / WAM Arada has launched Naseej District, an upscale neighbourhood that celebrates art, design and culture at the AED24 billion megaproject in the heart of New Sharjah. Naseej, which means fabric, reflects the developer’s aspiration to weave together diverse skills, talents and backgrounds to turn the cultural district into a coherent social space for the creative community in Sharjah. ...

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, stressed that the UAE is preparing for the next fifty years of development by relying on the visions of its talented citizens. His Highness Sheikh Mohammed bin Rashid made this statement during the honouring ceremony of ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc) announced on Tuesday, it will boost in-country value (ICV) to the United Arab Emirates to support post-Covid economic growth through its hugely successful ICV programme. As part of this commitment, Adnoc will drive over AED160 billion ($43.6 billion) back into the UAE economy over the next 5 years as ...

ABU DHABI / WAM The UAE has welcomed the United States’ decision to remove Sudan from the State Sponsors of Terrorism (SST) list. In a statement, the Ministry of Foreign Affairs and International Cooperation (MoFAIC) congratulated Sudan and its people on this step, which is poised to end years of political and the economic isolation endured by the country. MoFAIC ...

ABU DHABI / WAM The Ministry of Finance (MoF) on Tuesday launched the “ESR Portal” to simplify the process of submitting Economic Substance Regulations (ESR)’s reports and notifications. The portal aims to simplify procedures for all companies operating in the country and allows them to submit reports, notifications and supporting documents electronically and in a timely manner. Younis Haji Al ...