The UAE’s National Anti-Money Laundering and Combatting the Financing of Terrorism and Financing of Illegal Organisations Committee (NAMLCFTC) hosted a collaborative workshop with the Cooperation Council for the Arab States of the Gulf (GCC), counterparts to discuss the Financial Action Task Force (FATF) grey list process.
Tag: Economy
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flydubai, Batik Air Malaysia announce strategic interline agreement
flydubai and Batik Air Malaysia have announced today an interline agreement that will offer flydubai passengers access to more than 40 destinations across Batik Air’s network via Kuala Lumpur International Airport (KUL).
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AD Ports Group, Pakistan Government sign 4 MoUs to enhance trade, transport, logistics infrastructure
AD Ports Group signed four Memoranda of Understanding (MoU) today with the Government of Pakistan to explore transportation opportunities in the maritime, air and rail sectors as well as logistics and digital services.
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UAE’s banking sector net international reserves up 11% to AED1.273 trillion by end July-24
Net international reserves of the UAE’s banking sector increased by 11.1%, or AED127.5 billion, during the first seven months of 2024, reaching AED1.273 trillion at the end of July, compared to AED1.145 trillion at the end of 2023.
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Dubai Taxi reports 20% growth in EBITDA
Dubai Taxi Company (DTC) announced robust financial results for the nine-month period ending September 30, 2024.
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UAE Central Bank announces M-Bills auction on November 11
The Central Bank of the UAE (CBUAE) on Thursday announced an auction of Monetary Bills (M-Bills) on 11th November.
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Agthia’s net profit surges by 24.0% YoY
Agthia Group PJSC today announced its financial results for the first nine months of 2024, marking a period of solid growth across all its business segments.
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Biban24 forum emerges as global destination for opportunities
The Biban24 forum, organised by the Small and Medium Enterprises General Authority (Monsha'at) under the slogan, Global Destination for Opportunities, opened in Riyadh on Tuesday.
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‘TA’ZIZ’ announces over $2 billion awards for key infrastructure projects
TA’ZIZ, a joint venture between ADNOC and ADQ, announced today engineering, procurement and construction (EPC) contracts valued at more than US$2 billion (AED7.34 billion) for the development of essential site infrastructure to advance the TA’ZIZ chemicals and transition fuels ecosystem under development in Al Ruwais Industrial City, Al Dhafra Region of Abu Dhabi.
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Ajman, Hong Kong chambers discuss investment opportunities
A delegation from Ajman Chamber has discussed with the Hong Kong General Chamber of Commerce (HKGCC) ways to enhance economic cooperation and develop the volume of inter-trade between Ajman and Hong Kong.