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Sultan, King of Sweden attend signing of partnership agreement between RCA, UAE Scout Association
DFSA signs MoUs with regulators in China and Singapore
Agreement signed to market Sudanese products in Abu Dhabi
KazmunayGas, ConocoPhillips and Mubadala sign MoU for "N" block offshore Kazakhstan
Amlak Finance and Tamweel announce merger talks
DFM and Deutsche Bank sign custody agreement
UAE-Japan to benefit from FTA
UAE, Australia discuss FTA, economic relations
Lubna Al Qasimi, Australian official discuss developments of GCC-Australian free trade talks
UAE-US review progress on FTA talks
US-UAE economic relations extraordinary, strong: US Treasury Dept. Undersecretary
UAE-Algerian joint committee meeting concludes
UAE Minister of Economy builds bridges to U.S trade associations
Informal US-UAE trade talks to go on
UAE banks will gain from US free-trade deal delay

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Sultan, King of Sweden attend signing of partnership agreement between RCA, UAE Scout Association
Posted on 27/10/2008

HH Dr Sheikh Sultan bin Mohammed Al Qasimi, UAE Supreme Council Member and Ruler of Sharjah and King Carl XVI Gustaf, of Sweden and Honorary President of the World Scout Foundation, have recently attended the signing ceremony of the partnership agreement between the UAE Red Crescent Authority (RCA) and the UAE Scout Association. As per this agreement, the twining deal between the two bodies will be energised and strong coordination will be established in line with their common humanitarian and ...  >>MORE



DFSA signs MoUs with regulators in China and Singapore
Posted on 09/10/2008

The Dubai Financial Services Authority (DFSA) has entered into agreements with two of Asia's leading regulators, the China Securities Regulatory Commission (CSRC) and the Monetary Authority of Singapore (MAS). These Memoranda of Understanding, which were signed last week, commit the DFSA and the CSRC to information sharing and co-operation in the supervision of their securities markets and, in the case of MAS, which, like the DFSA is an integrated regulator, the commitment to information ...  >>MORE



Agreement signed to market Sudanese products in Abu Dhabi
Posted on 06/10/2008

Tawasul Agric Products Company and the Economic Attache at the Sudanese Embassy have signed an agreement based on which the former will market Sudanese agriculture and food items on the UAE market. A statement issued today by the Economic Attache of the Sudanese Embassy said the agreement, which was signed at the Abu Dhabi Municipality premises is within the framework of boosting economic ties between the UAE and Sudan, adding that the agreement is a major boost for the efforts of pushing ...  >>MORE



KazmunayGas, ConocoPhillips and Mubadala sign MoU for "N" block offshore Kazakhstan
Posted on 06/10/2008

JSC National Company KazMunayGas, ConocoPhillips [NYSE: COP] and Mubadala Development Company PJSC (Mubadala) announced yesterday that they have signed a Memorandum of Understanding to negotiate terms for the exploration and development of the "N" Block, located in offshore Kazakhstan, under a new subsoil use contract. The parties will now have until December 31 2008 to negotiate the definitive agreements for the assignment by KMG of a 49% interest in the subsoil use contract to be shared ...  >>MORE



Amlak Finance and Tamweel announce merger talks
Posted on 05/10/2008

Amlak Finance PJSC and Tamweel PJSC - the two leading real estate finance providers in the UAE, both of which are listed on the Dubai Financial Market - announced yesterday that they have begun exploratory discussions for a possible merger of their respective operations. Drawing upon the combined market expertise of the management teams and employees of both companies, a potential merger will bring significant benefits to the companies, shareholders and customers, including: creation of the ...  >>MORE



DFM and Deutsche Bank sign custody agreement
Posted on 17/09/2008

Dubai Financial Market (DFM) and Deutsche Bank have announced that they have signed a Depository Participant Agreement (DPA). The agreement will enable Deutsche Bank to provide custody of DFM-listed securities to institutional and international clients, thus helping to broaden the Market's investor base. With the signing of this agreement, Deutsche Bank is now able to offer custody services across the UAE's on-shore and off-shore exchanges. By acting as a depository participant Deutsche Bank ...  >>MORE



UAE-Japan to benefit from FTA
Posted on 24/06/2008

The UAE needs to offer concessions to Japan to sign a free trade agreement (FTA) and ensure that both countries would benefit from the deal, according to a prominent UAE think-tank centre. The FTA should focus on bridging the gap in trade between the two sides and encourage Japan to pump more investment into the UAE to enable it to acquire technology, which is needed for its economic diversification programme, said the Emirates Centre for Strategic Studies and Research (ECSSR). In a new book ...  >>MORE



UAE, Australia discuss FTA, economic relations
Posted on 10/06/2008

Minister of Foreign Trade Sheikha Lubna bint Khalid Al Qasimi and Australian Minister for Foreign Affairs and MP Stephen Smith discussed bilateral relations between their two countries. At a meeting held in Abu Dhabi in presence of Australian Ambassador to the UAE Jeremy Bruer, the two sides reviewed the latest developments in free trade talks between Australia and the Gulf Cooperation Council (GCC). The two sides underscored the significance of a free trade agreement for wider economic, ...  >>MORE



Lubna Al Qasimi, Australian official discuss developments of GCC-Australian free trade talks
Posted on 20/11/2007

Sheikha Lubna bint Khalid Al Qasimi, UAE Minister of Economy discussed in Abu Dhabi yesterday with David Spencer, Australian Chief Negotiator of the Free Trade Agreement, developments on the talks between Gulf Cooperation Council (GCC) and Australia on the free trade agreement. The two officials discussed issues, which will be tackled during the next round of talks between the GCC and Australia, on Tuesday in the Saudi Arabian capital, Riyadh. Lubna stressed the need to reach free trade ...  >>MORE



UAE-US review progress on FTA talks
Posted on 30/10/2007

Progress on UAE-US free trade talks, economic relations and possibility of establishing joint investment ventures were the focus of discussions yesterday between Sheikha Lubna Bint Khalid Al Qasimi, Minister of Economy, and visiting US Treasury Under Secretary for International Affairs David H. McCormick. Sheikha Lubna told her guest that current investment environment in terms of legislations and opportunities were conducive to attracting more US capital to the UAE. The US official commended ...  >>MORE



US-UAE economic relations extraordinary, strong: US Treasury Dept. Undersecretary
Posted on 30/10/2007

The United States and the United Arab Emirates maintain an already extraordinary and strong economic relationship and both countries are certainly committed to further integration in the future, stressed U.S. Treasury Undersecretary for International Affairs David McCormick. Speaking to reporters at a press briefing yesterday at the US Embassy in the UAE capital city of Abu Dhabi, McCormick expressed hopes that the United States and the UAE would conclude a Free Trade Agreement (FTA). He ...  >>MORE



UAE-Algerian joint committee meeting concludes
Posted on 14/06/2007

The fifth meeting of the Joint UAE-Algerian Ministerial Committee concluded in yesterday with a renewed commitment by both sides to bolster bilateral cooperation. The two aides signed six agreements that will form a framework for bilateral cooperation. The UAE minister of economy, Sheikha Lubna Al-Qasimi, who signed the agreements for the UAE , hailed the success of the fifth session, saying the six agreements would reinforce bilateral ties. "As we end the fifth session of joint committee, I ...  >>MORE



UAE Minister of Economy builds bridges to U.S trade associations
Posted on 19/03/2007

Washington, DC - At a private breakfast hosted by the National U.S.-Arab Chamber of Commerce (NUSACC), Lubna Al Qasimi, UAE Minister of Economy and Planning, met with a high-level group of trade association leaders to discuss the importance of commercial relations and dialogue. Sheikha Lubna noted that the UAE serves as the "number one export destination for the United States in the Arab world' and that the UAE provides access to "one billion consumers through our nation's seaports and ...  >>MORE



Informal US-UAE trade talks to go on
Posted on 12/03/2007

Free trade negotiations between the UAE and the US have stalled, but the two countries will continue informal discussions to reach a deal in the future, an American official said. US and UAE officials were hoping to conclude a free trade agreement (FTA) by March 31 as the Bush White House's trade promotion authority expires at the end of June. "Right now there is a pause in negotiations... [it is] a stock taking moment," US under-secretary for international trade Franklin Lavin said ...  >>MORE



UAE banks will gain from US free-trade deal delay
Posted on 11/03/2007

The likely inability of the UAE and the US to complete a free trade agreement (FTA) during the presidency of George W Bush will give local banks breathing space to strengthen their balance sheets and meet competition more effectively, analysts said. According to a report by the Dubai Chamber of Commerce and Industry, an FTA with the US will result in American investment in the UAE banking industry, with US-based banks strengthening their presence here. "An FTA is expected to facilitate ...  >>MORE

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