The UAE has joined over 50 other countries at the official launch of the Asian Infrastructure Investment Bank (AIIB) in Beijing. China is providing the bulk of the new lender’s capital, while the UAE is set to contribute $237 million (AED 870.3 million) over five years. AIIB will help mobilise funds for infrastructure projects in the Asian region, mainly focusing on developing economies. It’s the first international development bank which doesn’t have the United States and Japan as partners.
UAE, Qatar sign double taxation avoidance agreement
The UAE and Qatar have signed an agreement to avoid double taxation and prevent fiscal evasion of income taxes.
UAE, South Korea formally sign CEPA agreement
The UAE and South Korea formally signed a Comprehensive Economic Partnership Agreement (CEPA) on Wednesday, aiming to expand trade and enhance cooperation in a wide array of areas from energy to supply chains.
UAE-Korea business forum shines spotlight on high-growth sectors
The UAE-Korea Business and Investment Forum was held in Seoul on Tuesday, on the sidelines of President His Highness Sheikh Mohamed bin Zayed Al Nahyan's official visit to South Korea.
Alef Education to raise up to $515 million in stock market float
Alef Education Holding plc has announced the price range for the sale of its shares and the start of the subscription period for its Initial Public Offering (IPO) on the Abu Dhabi Securities Exchange (ADX).
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It arrived: The UAE's First Mega Music Festival at Expo City Dubai!
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