In a strategic partnership with the World Bank Group’s Multilateral Investment Guarantee Agency (MIGA), the Ministry of Finance (MoF) conducted two insightful workshops at the chambers of commerce in both Dubai and Abu Dhabi. These workshops, a part of the Ministry’s ongoing efforts to enrich the UAE’s business environment, brought together government officials, business leaders, […]
ABU DHABI, 21st September, 2023 (WAM) — Nine Yards, a prominent Abu Dhabi-based real estate developer, has recently entered into a strategic partnership with the Abu Dhabi Residents Office (ADRO), a division of the Abu Dhabi Economic Development (ADDED), aimed at bolstering the real estate investment sector and providing enhanced support to Nine Yards’ clientele. […]
NEW YORK, 21st September, 2023 (WAM) — Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President-Designate, delivered a powerful address at the UN Climate Ambition Summit in New York today, rallying the international community to confront the climate crisis with determination and resolve. He emphasized that despite the challenges, […]
The Ministry of Economy (MoEc) hosted a prestigious ceremony in Dubai to honor the first cohort of participants in the ‘Thabat’ family business program. The event brought together prominent dignitaries, including Abdullah bin Touq Al Marri, Minister of Economy; Abdul Aziz Al Ghurair, Chairman of Dubai Chambers and Chairman of the Family Business Council – […]
In a significant move aimed at fostering a deeper understanding of taxation within the business community, the Federal Tax Authority (FTA) has formalized a partnership with the Umm Al Quwain Chamber of Commerce and Industry. The Memorandum of Understanding (MoU), signed on September 21, 2023, underscores the commitment to promote a culture of tax compliance […]
Kyrgyzstan is on the cusp of significant economic and social infrastructure developments as the Islamic Development Bank (IsDB) undertakes the formulation of a Member Country Partnership Study (MCPS) tailored to the needs of the Central Asian nation. The MCPS, a strategic initiative by IsDB, is poised to pave the way for the design and implementation […]
In a significant move aimed at bolstering regional connectivity, the Gulf Electricity Interconnection expansion project has secured a substantial $570 million loan from the Kuwait Fund for Arab Economic Development, as announced in an official statement. This initiative stands as a crucial component of the Gulf Cooperation Council Interconnection Authority’s ongoing efforts to address the […]
Saudi Arabia’s oil minister has firmly rejected the notion that the kingdom’s recent production cuts are aimed at artificially inflating oil prices. Speaking at the World Petroleum Congress in Calgary, Energy Minister Prince Abdulaziz bin Salman emphasized that the decisions to reduce production were based on data and market dynamics rather than an intention to […]
In a surprising turn of events, the inflation rate in the United Kingdom has unexpectedly slowed, potentially leading to a pause in the Bank of England’s ongoing series of interest rate hikes. This development has sent shockwaves through the financial markets, with the pound weakening, and investors speculating about the central bank’s next move. The […]
Abu Dhabi Global Market (ADGM), the international financial center of the UAE’s capital, unveiled a lineup of 25 prominent UAE entities and global corporations as partners committed to supporting the upcoming Abu Dhabi Finance Week (ADFW), a flagship financial event series. Scheduled to run from November 27th to 30th, 2023, under the patronage of H.H. […]