Trading

ABU DHABI, The Board of Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has approved the establishment of the ‘ADGM Authority’. This newly constituted Authority will be led by Mark Nicholas Cutis as its Chief Executive Officer, who will assume his position on June 1st, 2021.Continue Reading

ABU DHABI, Emirates Steel, the leading integrated steel producer in the Middle East, and SAFEEN Group, the marine service arm of Abu Dhabi Ports, both part of ADQ, have announced the commencement of transhipment operations, as part of a 10-year agreement previously signed between the two parties in 2019. AsContinue Reading

ABU DHABI, The Ministry of Economy (MoE) announced the extension of the deadline granted to Designated Non-Financial Businesses and Professions (DNFBPs) to register in the systems approved for countering money laundering and combating the financing of terrorism, until the end of April 2021. The extension has been granted due toContinue Reading

ABU DHABI, The UAE tourism sector performed outstandingly in 2020 despite the impact of the COVID-19 pandemic, revealed by the Ministry of Economy, noting that the sector was among the least affected and fastest to recover around the world. The UAE recorded a 54.7 percent hotel occupancy rate in 2020Continue Reading

ABU DHABI, President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued a Federal Decree restructuring the Board of Directors of the Central Bank of the UAE (CBUAE) under the chairmanship of H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs. Pursuant toContinue Reading

ABU DHABI, Abu Dhabi Fund for Development (ADFD), took part in a virtual ceremony organised by the Colombian Presidential Agency of International Cooperation (APC-Colombia), to launch a project to support Micro, Small and Medium Enterprises (MSMEs) in Colombia. The AED37 million (US$10 million) programme will be funded from an AED165Continue Reading

ABU DHABI, The Department of Economic Development – Abu Dhabi (ADEDD) organised today the first virtual edition of the “The Future Economy” forum under the theme “Abu Dhabi Economy… The Leaders’ Vision for a Sustainable Future,” with the participation of 30 speakers including leaders, senior officials, experts and economic advisors.Continue Reading

ABU DHABI, Mohammed Hilal Al Mheiri, Director-General of Abu Dhabi Chamber of Commerce and Industry, has held a video conference meeting with Dr. Mohammed Shukri Mohammed Saeed, Chairman of the Investment Authority of the Kurdistan Regional Government and Ahmed Al Dhaheri, the UAE Consul General in the Kurdistan Region ofContinue Reading