(MENAFN - Emirates News Agency (WAM))
ABU DHABI, 12th February, 2021 (WAM) The Higher Committee Overseeing the National Strategy on Anti-Money Laundering and Countering the Financing of Terrorism, has convened its first meeting in 2021 via video conference.
The committee members were briefed on the latest developments of the action plan for anti-money laundering and counter-terrorist finance in addition to the future plans developed to achieve the set objectives in the best possible manners.
During the meeting Sultan bin Saeed Al Badi Al Dhaheri, Minister of Justice, and Abdullah bin Touq Al Marri, Cabinet Member and Minister of Economy, reviewed the progress made by their ministries to counter money laundering and financing terrorism.
Dubai-Israel trade hits Dh1 billion; to create 15,000 jobs
Waheed Abbas/Dubai
(Reuters file photo)
Trade between Dubai and Israel is slated to reach Dh15 billion in the next few years.
Bilateral trade between Dubai and Israel reached Dh1 billion in the past five months and is expected to reach Dh15 billion in the next few years, said a senior Dubai official.
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Sultan bin Sulayem, DP World’s group chairman and CEO and chairman of Dubai’s Ports, Customs and Free Zone Corporation, said the growing bilateral trade will create more than 15,000 jobs.
According to Dubai Customs statistics, Dubai’s trade with Israel reached Dh1 billion in value and 6.217k tonnes in volume from September 2020 to January 2021.
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The UAE has redoubled its commitment to international efforts to combat money laundering and the financing of terrorism.
Amna Fikri, director of the economic and trade affairs department at the Ministry of Foreign Affairs and International Co-operation, told European officials this week that the fight against financial crime has been elevated to the highest level of strategic priority for the government. Organised crime and systemic corruption – two global, not local, phenomena – drive financial crime in the world. Recognising their signs can be challenging, she said. Calling them out and stating their role in the financial crime chain is critical for us. By working together at an international level, we are better placed to identify and make meaningful efforts locally.
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UAE Achieves 46 Percent of Economic Recovery Package Published December 14th, 2020 - 08:30 GMT
More than 310,000 individual clients, nearly 10,000 small and medium enterprises, and more than 1,500 private sector companies have benefited from the loan deferral programme included in the support plan. (Shutterstock)
About 46% progress has been achieved in implementing the 15 initiatives of the first phase of the economic recovery programmme initiated by the UAE government in the emirates.
Major initiatives that have been implemented to date, including amendments to the bankruptcy law, allocation of grants and incentives to tourism establishments, promotion of foreign direct investment (FDI) through amendments to the commercial companies law, amendments to the commercial transactions law and the decriminalisation of cheques without balance, reduction of fees and taxes on the tourism sector, enhancing flexibility of labour market, the comprehensive targeted economic support pla