Disruptions in food supply might pose headwinds to the economy. We have downgraded the business continuity and transfer risks. The Financial Action Task Force (FATF) placed the UAE on its list of jurisdictions under increased monitoring, or the grey list in March. High oil prices have restored balance to Abu Dhabi’s finances, freeing up resources for capital projects and fiscal support for small and medium-sized enterprises (SMEs)....
Abu Dhabi adds 126 new economic activities to ‘Tajer Abu Dhabi’ to support MSMEs
(Source: Gulf Business)
The Abu Dhabi Business Centre (ADBC), part of the Abu Dhabi Department of Economic Development (ADDED), has announced the addition of 126 new economic activities to ‘Tajer Abu Dhabi’ (Abu Dhabi Trader) license, which allows micro, small and medium-sized enterprises (MSMEs) to obtain the trade license without the need to work from a physical location or having to pay rent on commercial space for three years....
ADNOC Distribution acquires 50% stake in TotalEnergies Marketing Egypt
(Source: Gulf Business)
ADNOC Distribution has entered into an agreement with TotalEnergies Marketing Afrique to acquire a 50 per cent stake in TotalEnergies Marketing Egypt for approximately $186m, with an additional earn-out of up to $17.3m (if certain conditions are met).The acquisition is an important development that aims to boost ADNOC Distribution’s.....
EDB links up with Future Factory to offer consultancy services to SMEs
(Source: The Nations)
Emirates Development Bank is collaborating with Future Factory to offer guidance and consultancy services to small and medium enterprises within the lender's portfolio.Through its partnership with Future Factory, which specialises in smart manufacturing solutions, EDB aims to improving the capability of the UAE’s manufacturing sector....
DFSA appoints Ian Johnston as chief executive
(source: The Nationals)
The board of the Dubai Financial Services Authority, the regulator of the emirate’s financial services free zone, has appointed Ian Johnston as chief executive.He will succeed Christopher Calabia from September 1, who is stepping down to return to the US for family-related reasons, the regulator said on Friday.Mr Johnston, who served as the DFSA’s chief executive from 2012 to 2018......
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(Source: CRIF - Dun & Bradstreet)
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