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ABU DHABI / WAM The UAE financial regulators have announced the launch of a new fund passporting facility to help promote investment fund in the country. In a statement, the Emirates Securities and Commodities Authority (ESCA), the Financial Services Regulatory Authority (FSRA), of Abu Dhabi Global Market (ADGM), and the Dubai Financial Services Authority (DFSA), said that following the enactment ...

DUBAI / WAM The Dubai Investment Development Agency, Dubai FDI, kicked off its first of a series of visits for 2019 under the Global Promotional Investment Programme. The tour, which takes place from March 9 to March 16, is aimed towards strengthening bilateral relations with one of the most important global economic powers while also opening new markets in line ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday honoured the supporters of Sandooq Al Watan, who have been contributing to achieving the initiative’s national objectives since its establishment. “UAE nationals embody the quintessential Emirati values of giving, the seeds of ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received on Monday, President Faure Gnassingbe of Togo, at the Beach Palace in Abu Dhabi. During the meeting, the two sides discussed bilateral ties between the UAE and Togo, and means of developing them ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President Faure Gnassingbe of Togo, witnessed on Monday, the signing of an $15 million agreement between Khalifa Fund for Enterprise Development and Togo’s Ministry of Finance, to support micro, small and medium-sized enterprises ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has approved a series of incentive packages totaling up to AED1 billion for local and international Agriculture Technology, AgTech, companies to build and grow a presence in Abu Dhabi. The announcement aims to drive ...

Dubai / WAM The Ministry of Finance (MoF), held an official ceremony on Monday to celebrate 30 years of signing the avoidance of double taxation and bilateral investment agreements. A press conference to announce and sign a three-year extension of the MoU between the UAE and the Organisation for Economic Cooperation and Development (OECD), also took place. The MoU stipulates ...

Abu Dhabi / WAM Etihad Airways has announced that it will take part at the Saudi International Airshow with displays of some of its aircraft, products and services, and a number of important partnership announcements. The airshow is the first aviation and aerospace exhibition of its kind to be held in the Kingdom of Saudi Arabia from March 12-14. Etihad ...

Bloomberg The country that’s driven global oil demand since the turn of the century may hit the brakes sooner than expected as travellers shift towards electric cars or even forgo the open road in favor of trains. China’s oil consumption will peak in 2025, five to eight years earlier than market consensus, according to Morgan Stanley analysts including Andy Meng. ...

Bloomberg Chinese researchers are watching the UK’s impending exit from the European Union (EU) to see what kind of arrangements are put into place to allow regions with separate economic and regulatory policies to have an integrated financial market. The future of the UK as a European financial services hub after Brexit is of interest as China seeks to develop ...