UAE, Greece discuss economic relations within Comprehensive Strategic Partnership framework
Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technolog and COP28 President, led a delegation to Greece as part of an official working visit, comprising government officials and private sector representatives. During the visit, Dr. Al Jaber held several bilateral meetings with Kyriakos Mitsotakis, Prime Minister of Greece; George Gerapetritis, Minister of […]
Mohammed bin Rashid issues Law on taxation of foreign banks in Dubai
In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued Law No. (1) of 2024 on taxation of foreign banks operating in Dubai. The Law applies to all foreign banks operating in Dubai, including special development zones and free zones, […]
President Sheikh Mohamed sends Ramadan 2024 greetings to UAE and rest of the world
President Sheikh Mohamed has sent out a message of congratulations to mark the start of Ramadan. Ramadan will begin in the UAE on Monday, authorities announced on Sunday. The Moon-sighting committee met at the Abu Dhabi Judicial Department after maghrib (sunset) prayers on Sunday and announced that they sighted the new crescent moon. It follows a decision […]
Abu Dhabi & Slovak Republic sign MoU to strengthen economic cooperation
The Abu Dhabi Department of Economic Development (ADDED) and the Ministry of Economy of the Slovak Republic have signed a Memorandum of Understanding (MoU) to strengthen economic cooperation. The agreement aims at bolstering relations between Abu Dhabi and the Slovak Republic, with a special focus on manufacturing, tourism, innovation, advanced technologies, and logistics services. The […]
G42, EcoCloud strike MoU to launch mega data center in Kenya
EcoCloud, a Kenyan provider of sustainable data center solutions, and G42, the leading UAE-based technology group, have signed a Memorandum of Understanding (MoU) in a pioneering project destined to revolutionize the digital landscape not just in East Africa, but across the globe. Powered by the untapped potential of Kenya’s 10 gigawatts of geothermal energy, the […]
UAE’s ANIB introduces specialized marine insurance coverage
Al Nabooda Insurance Brokers (ANIB), a UAE-based insurance solutions provider, has introduced specialized marine insurance coverage for risks posed by geopolitical events. In recent years, the global maritime industry has faced increasing threats from various geopolitical factors, including unstable conditions in which during war, attacks on cargo-carrying vessels pose significant risks to shippers and businesses […]
AD Ports Group, Iraq discuss transport and logistics projects
UAE, represented by the AD Ports Group and Iraq have discussed a number of projects pivotal to international transport, logistics services and economic cooperation in the region. Welcoming an Iraqi delegation headed by Razzaq Muhaibas Al-Saadawi, Iraq’s Minister of Transport, alongside key figures and leaders in business, investment and development sectors, Suhail bin Mohammed Al […]
MBRAH, ATS Technic to open new facility at Dubai South
Mohammed Bin Rashid Aerospace Hub (MBRAH) has signed an agreement with ATS Technic to launch its new facility at Dubai South. ATS Technic is the leading provider of line maintenance and logistics services for a wide range of aircraft types and models and the first independent EASA maintenance organisation in the UAE. The agreement, which […]
Saudi Aramco, UAE’s ADNOC in talks to invest in US LNG projects: Reports
Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) are in talks to invest in US liquefied natural gas (LNG) projects, as they step up competition with oil majors and regional rival Qatar in the booming super-chilled gas market, sources aware of the matter said. Future demand drives LNG interest The two energy giants are […]
Abu Dhabi’s ADQ reportedly picks banks for Etihad Airways IPO
Abu Dhabi’s ADQ is reportedly working with advisers including Citigroup, HSBC Holdings and First Abu Dhabi Bank (FAB) for a potential initial public offering (IPO) of Etihad Airways . Rothschild & Co is acting as an independent financial adviser to ADQ, the smallest of Abu Dhabi wealth funds and owner of the UAE’s national carrier, […]