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Tag Archives: finance

UAE financie ministry to protect Hong Kong investments

The Ministry of Finance, MoF, today signed an agreement to encourage and protect investments between the UAE and the Hong Kong Government, as part of the ministry’s efforts to protect the nation’s investments abroad and to attract foreign investments. The agreement was signed by Younis Al Khoori, Under-Secretary of MoF …

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UAE ranks Number One in Islamic economics

The UAE has been ranked first globally in five Islamic economic sectors, according to the latest results of the “Global Islamic Economy Report 2018-2019.” The Dubai Islamic Economy Development Centre, DIEDC, today published the results of the report, entitled “An Inclusive Ethical Economy.” The sixth report in the series was …

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Etihad Credit Insurance aims to boost exports

Etihad Credit Insurance (ECI), which has just begun operations is aiming to boost UAE exports and diversification of the economy by providing credit insurance to exporters and investors. The federal government owned ECI, capitalised at Dh1 billion will also have the support of the Islamic Corporation for the Insurance of …

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Charles Kushner explains his meeting with Qatar’s finance minister, says it was ‘a wrong thing to do,’ but ‘none of us knew the rules of government’

Charles Kushner, the real-estate developer and father of President Donald Trump’s senior adviser, Jared, said in an interview with The Real Deal that his much-scrutinized meeting with the Qatari finance minister last year was “wrong.” The meeting occurred in New York City just months after Trump’s inauguration, and the men …

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US hits Hezbollah with new sanctions

Taking aim at Iran’s global footprint, the Trump administration on Friday hit six people and seven businesses linked to Hezbollah with terror sanctions, calling it “the first wave” in a pressure campaign that will escalate throughout the year. The sanctions aim to squeeze Hezbollah financier Adham Tabaja, who is already …

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UAE, Tajikistan plan to create joint investment fund

Tajikistan and the UAE are planning to create a joint investment fund to boost economic ties between the two countries, according to a top official from the country.  The fund will facilitate investments in various sectors of Tajikistan economy including infrastructure, energy, tourism and agriculture, among other things, Qahhorzoda Fayziddin …

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Turkish President Slams US Policy in Syria

Turkish president Recep Tayyip Erdogan used an address to party officials Friday in Ankara as an opportunity to launch a blistering attack on the U.S. policy in Syria. Erdogan openly asked why the U.S. is involving itself in a country 12,000 kilometers away. He then accused Washington of breaking commitments …

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UAE the best managed economy in the region: IIF

The UAE is the best managed economy in the region, according to the latest regional economic outlook report from the Institute of International Finance (IIF), a Washington based association of world’s leading banks and financial institutions. “The UAE with large financial buffers (estimated at around $670 billion), safe-haven status, perfect …

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