DUBAI, Dubai Airport Freezone Authority (DAFZA) has signed a Memorandum of Understanding (MoU) with the Torino Chamber of Commerce, which will help attract Italian companies to launch operations in the free zone.The signing came during a visit by an of…
Category: Domestic Affairs
Shares in Multiply Group end first day of trading 80% higher than pre-listing valuation
ABU DHABI, Shares in Multiply Group, a subsidiary of International Holding Company (IHC), reached AED2.00 per share at the end of their first day of trading on 5 December 2021, 80.2% higher than their pre-listing prospectus valuation.The company was li…
Borouge awards EPC contracts to build its fourth US$6.2 billion expansion in Ruwais
ABU DHABI, Borouge, a leading petrochemical company providing innovative, value-creating polyolefin solutions, announced Sunday the award of the Engineering, Procurement and Construction (EPC) contracts for the world-scale fourth expansion of its manuf…
UAE foreign trade over five decades totalled $9.3 trillion
ABU DHABI, The total value of the UAE’s foreign trade in the past five decades amounted to some US$9.32 trillion (AED34.23 trillion), according to the United Nations Conference on Trade and Development (UNCTAD).Additionally, the country’s trade balance…
Jebel Ali Port, JAFZA set to showcase their offerings at GPCA
DUBAI, DP World’s flagship Jebel Ali hub including Jebel Ali Port and Jebel Ali Free Zone (Jafza) will highlight the growth prospects in the sector and their competitive offerings with their participation in the 15th edition of Gulf Petrochemicals and …
Minister of State for Financial Affairs visits Ukraine Pavilion at Expo 2020 Dubai
DUBAI, Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, visited the pavilion of Ukraine in the Opportunity District at Expo 2020 Dubai, which is held under the theme of ‘Smart Ukraine: Connecting Dots’.Al Hussaini reiterated that the …
OFID extends US$80m loan to boost trade in Africa
VIENNA, The OPEC Fund for International Development (OFID) has signed an US$80 million loan agreement with the African Export-Import Bank (Afreximbank) to finance international trade directly among corporates or through financial intermediaries.The OPE…
UAE Ambassador meets with Dominican Foreign Minister
ABU DHABI, Bader Abdullah Al Matroshi, UAE Ambassador to Cuba and non-resident Ambassador to the Dominican Republic, has met with Foreign Minister Roberto Alvarez of the Dominican Republic.During their meeting, Al Matroshi and Alvarez discussed their c…
Mohammed bin Rashid meets with Presidents of Sri Lanka, Nigeria at Expo 2020 DubaI
DUBAI, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, today met with President Gotabaya Rajapaksa of Sri Lanka during his visit to the country’s Pavilion at Expo 2020 Dubai.During th…
Dubai Chamber analysis highlights key role ASEAN countries can play in boosting UAE’s food security
DUBAI, An analysis released by Dubai Chamber highlights the vital role that countries from the Association of South East Asian Nations (ASEAN) can play in enhancing the UAE’s food security.The release of the analysis comes ahead of the first-ever Globa…
Mubadala signs two agreements to facilitate investments in priority sectors in France
ABU DHABI, During the official state visit of the President of the French Republic Emmanuel Macron to the UAE, Abu Dhabi-based sovereign investor, Mubadala Investment Company (Mubadala), announced the signing of two agreements aimed at facilitating inv…
Mohamed bin Zayed, Greek Prime Minister discuss strengthening bilateral relations
ABU DHABI, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces has discussed with the Prime Minister of Greece, Kyriakos Mitsotakis, explored the path of further strengthening …