Agency Law amendments ‘pivotal’ for UAE trade development: ADX Chief
ABU DHABI, The Abu Dhabi Securities Exchange, ADX, Chief Executive said on Monday that the recent UAE Cabinet approval of a draft law amending provisions within the Agency Law is considered as a “pivotal step forward towards enhancing the UAE’s trade a…
UAE-Korea Cultural Dialogue not just formulaic rhetoric, it will decisively raise cultural exchanges: Korean minister
ABU DHABI, Park Yang-woo, Minister of Culture, Sports and Tourism of the Republic of Korea has said that his country and the UAE have a “firm intention of decisively” raising the level of cultural exchanges through ‘UAE-Korea Cultural Dialogue’.”This i…
UAE strongly condemns Houthi mosque attack
ABU DHABI, The United Arab Emirates has strongly condemned the Houthi missile attack against a mosque in Yemen’s Marib Province, which resulted in numerous deaths and injuries.In a statement, the Ministry of Foreign Affairs and International Cooperatio…
ADFD, Ethiopia discuss strengthening synergies
ABU DHABI, Mohammed Saif Al Suwaidi, Director-General of Abu Dhabi Fund for Development, ADFD, has said that the Fund is keen to expand its development activities in developing countries, especially across the African continent that holds significant p…
UAE stocks gain AED6.4 bn in two sessions
ABU DHABI, The country’s two main bourses maintained their significant gains for the second straight day, with the market cap of the trading companies hitting AED6.4 billion during the two sessions of today and yesterday.Driven by the banking heavyweig…
Amendments to law on commercial agencies provide more protection: Minister of Economy
ABU DHABI, Sultan bin Saeed Al Mansouri, Minister of Economy, said that the UAE Cabinet’s approval of various amendments to a law on commercial agencies is a key step to issuing a related amended law at a federal level.The federal law will help support…
Saudi Arabia registers 54% increase in new international companies in 2019
RIYADH, A total of 1,131 new international companies set up operations in Saudi Arabia in 2019, registering a 54 percent increase compared to 2018.According to Saudi Press Agency, SPA, Invest Saudi, an entity of the Saudi Arabian General Investment Aut…
Bahraini Deputy Prime Minister Receives Assistant Minister of Foreign Affairs and International Cooperation
MANAMA, H.H. Sheikh Mohammed bin Mubarak Al Khalifa, Bahrain’s Deputy Prime Minister, received Omar Saif Ghobash, UAE Assistant Minister of Foreign Affairs and International Cooperation for Cultural Affairs, at Al-Qudaibiya Palace.Sheikh Mohammed welco…