ABU DHABI, 23rd June, 2022 (WAM) — H.H. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of Crown Prince Court and Chairman of Etihad Rail, has visited the final package of Stage Two of the UAE National Rail Network, which extends for 145 kilometres from Sharjah to Fujairah Port and Ras Al Khaimah, to...
Category: Business News
UAE, Greece discuss strengthening strategic relations
ATHENS, 23rd June, 2022 (WAM) — Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, today met with Kyriakos Mitsotakis, Prime Minister of the Hellenic Republic, during his visit to Athens, Greece. Dr. Al Jaber also met with Nikos Dendias, Minister of Foreign Affairs; Spyridon Adonis Gougiades, Minister of Development and Investment;...
Ministry of Finance to issue US dollar-denominated dual-tranche sovereign bond offering
Thu 23-06-2022 12:45 PM ABU DHABI, 23rd June, 2022 (WAM) — The Federal Government of the United Arab Emirates, represented by the Ministry of Finance, has announced the plan to issue a Dual-tranche USD Benchmark Size Bonds with a ten-year tranche and a 30-year Formosa tranche. The ten-year tranche will be listed on London Stock...
OPEC daily basket price stood at $111.00 a barrel Wednesday
Thu 23-06-2022 12:13 PM VIENNA, 23rd June, 2022 (WAM) — The price of OPEC basket of thirteen crudes stood at $111.00 a barrel on Wednesday, 22nd June, compared with $115.97 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol...
Farabi Petrochemicals Company hosts coastal cleanup in Jubail Industrial City
In partnership with Royal Commission for Jubail (RCJ), the coastal cleanup is one of Farabi Petrochemicals social initiatives that focuses on environment and was designed to engage Farabi employees on the importance of coastal cleanup and enable them to become the leaders of environmental protection. Around two tons of garbage was collected from the shoreline....
Ministry of Economy, AML/CFT Executive Office to develop auditing standards of company registration processes
ABU DHABI, 23rd June, 2022 (WAM) — The Ministry of Economy, in collaboration with the Executive Office of the Anti-Money Laundering and Countering the Financing of Terrorism in the UAE, held an extensive two-day workshop for the country’s 42 company registrars, which includes all economic development services and the UAE’s commercial-free zone authorities. The workshop,...
British foreign secretary welcomes launch of GCC-UK free trade talks
LONDON — British Foreign Secretary Liz Truss welcomed on Wednesday the launch of negotiations for a free trade agreement between the Gulf Cooperation Council (GCC) for Arab States and the United Kingdom. She stressed in a statement that the GCC Member States are strong economic partners of the United Kingdom, adding that the free trade...
Pure Health joins National In-Country Value Programme, signs agreement with MoIAT
ABU DHABI, 22nd June, 2022 (WAM) — The Ministry of Industry and Advanced Technology (MoIAT) signed an agreement with Pure Health, the UAE’s largest integrated healthcare group, to join the National In-Country Value Programme, one of the key pillars of the national industrial strategy. As part of the agreement, that was signed on the second...
CBUAE Governor discusses digital transformation and Emiratisation plans with bank CEOs
ABU DHABI, 22nd June, 2022 (WAM) — Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates (CBUAE), held a meeting with the CEOs of banks operating in the UAE to discuss the continued UAE’s banking sector recovery, the increasing role of digitalisation of the financial sector and Emiratisation initiatives in the...
UAE participates in first G20 Joint Finance and Health Ministers Meeting
ABU DHABI, 22nd June, 2022 (WAM) — The Ministry of Finance (MoF) and the Ministry of Health and Prevention (MoHAP) on Tuesday participated in the first G20 Joint Finance and Health Ministers Meeting, which was held under the Indonesian Presidency of the G20. The meeting sought to discuss progress by the World Bank and the...