Category: Buying & Selling

ABU DHABI:The UAE has launched its ambitious “Invest in the Emirates” campaign, extending a global invitation to the world’s top innovators, talents, and entrepreneurs to explore the unparalleled opportunities within the country’s dynamic business landscape.

The campaign takes place in major cities like Cannes, Munich, Paris, London, Zurich, Geneva, and New York. The campaign is introduced by Idris Elba, who will invite entrepreneurs and business leaders to bring their ideas to the UAE, where they can not only become reality but also reach global markets. The invest UAE offers a comprehensive resource for investors.

The “Invest in the Emirates” campaign emphasises the UAE’s rapidly growing innovation ecosystem, offering comprehensive support including funding, regulatory frameworks, and government backing. With a tax-free environment, extensive global trade and logistics networks, and a proactive approach to enabling business success, the UAE has become a launchpad for thousands of ventures aiming for inter
national success.

The campaign continues to highlight the UAE’s commitment to fostering an environment where innovation and entrepreneurship thrive, making it an unparalleled destination for global investors.

Source: Emirates News Agency

ABU DHABI:The UAE has launched its ambitious “Invest in the Emirates” campaign, extending a global invitation to the world’s top innovators, talents, and entrepreneurs to explore the unparalleled opportunities within the country’s dynamic business landscape.

The campaign takes place in major cities like Cannes, Munich, Paris, London, Zurich, Geneva, and New York. The campaign is introduced by Idris Elba, who will invite entrepreneurs and business leaders to bring their ideas to the UAE, where they can not only become reality but also reach global markets. The invest UAE offers a comprehensive resource for investors.

The “Invest in the Emirates” campaign emphasises the UAE’s rapidly growing innovation ecosystem, offering comprehensive support including funding, regulatory frameworks, and government backing. With a tax-free environment, extensive global trade and logistics networks, and a proactive approach to enabling business success, the UAE has become a launchpad for thousands of ventures aiming for inter
national success.

The campaign continues to highlight the UAE’s commitment to fostering an environment where innovation and entrepreneurship thrive, making it an unparalleled destination for global investors.

Source: Emirates News Agency

ABU DHABI:Al Fujairah National Insurance Co. (AFNIC) announces the launch of ‘FloodGuard,’ the region’s first insurance product exclusively covering accidental loss or damage from Flood, Inundation, Storm, and Tempest for third-party insured motorists.

FloodGuard offers crucial coverage for personal or company-owned vehicles used exclusively for personal or leisure purposes, especially those over 7 years old that often do not qualify for comprehensive insurance. ‘In response to the recent heavy rains in the UAE, AFNIC’s innovative solution provides much-needed relief to private car owners. We are proud to spearhead this groundbreaking insurance product in the UAE,’ said AFNIC CEO Antoine Maalouli. ‘Our commitment is to address our clients’ evolving needs and offer them the reassurance they seek in an ever-changing world.’

Policyholders can select coverage limits of AED 25,000 or AED 50,000 for a 12-month term. The policy is easily accessible online via the AFNIC’s website at afnicfloodguard.ae or through AF
NIC’s mobile app, with purchase taking under five minutes. It is also available at any AFNIC branch or from over 40 authorised outlets, including vehicle testing centers throughout the UAE.

FloodGuard will be active 15 days after the policy start date, so early purchase is recommended. This standalone product does not replace Motor Comprehensive, Motor Third Party Liability (TPL), or Statutory Vehicle Insurance and is compatible only with existing Motor TPL policies from AFNIC or other insurers.

Source: Emirates News Agency

Madrid – Morocco has moved up a gear to exploit its strong offshore wind potential and increase its wind generation capacity, writes Spanish media outlet ‘El Economista’ on Monday.

To this end, the Moroccan Agency for Sustainable Energy (MASEN) is committed to promoting the development of an offshore wind industry, drawing on the experience gained in this field to develop a first offshore wind farm off the coast of Essaouira, the media reports.

Supported by a 2 million euro grant from the European Investment Bank (EIB), this project marks a major step forward for the Kingdom in this field, it points out in an article entitled ‘Morocco signs with the EIB to speed up its offshore wind energy projects and join Portugal and France’.

Citing World Bank Group estimates published by the ‘Offshore WIND’ platform, the publication states that Morocco has 200 gigawatts (GW) of potential offshore wind capacity, of which 22 GW is most suitable for fixed-bottom turbines.

Source: Agence Marocaine De Presse

Washington – Ma’an – Gold prices rose in trading on Monday and reached a new historical peak with the decline of the dollar index.

In morning trading, futures for the precious metal rose 0.12% to $2,616.1 per ounce, the highest level in the history of trading for the metal.

Spot contracts also rose 0.17% to $2,582.04 per ounce, according to trading.

In the currency market, the dollar index, which measures the value of the US currency against a basket of major currencies, fell by 0.37% to 100.7390 points.

Source: Maan News Agency

HONG KONG:The Dubai Financial Services Authority (DFSA) and the Hong Kong Monetary Authority (HKMA) concluded their inaugural Joint Climate Finance Conference today (16th September).

The hybrid conference, which took place in Hong Kong, brought together more than 240 participants from financial institutions, industry associations, and international organisations across both regions.

Under the theme “Building a Net-Zero Asia – Middle East Corridor”, the event discussed the demand for, and the gap in, transition finance, and explored the opportunity for greater collaboration between Hong Kong and Dubai. It highlighted the vision for the net-zero transition in each market, and for encouraging investment into the transition.

The HKMA and the DFSA signed a Memorandum of Understanding (MoU) to further deepen their strategic partnership on sustainable finance. Through this partnership, both authorities will engage in enhanced cross-border dialogue, deepen the exchange of information on recent trends, and conduct
joint research and events to further drive progress in this crucial area.

The Chief Executive of the DFSA, Ian Johnston, said, “As we strive to achieve net-zero targets, it is crucial to establish strong partnerships that allow for the exchange of expertise, regulatory alignment, and the promotion of sustainable investment opportunities. The signing of this MoU with the HKMA represents a pivotal step in reinforcing the cooperation between Dubai and Hong Kong in climate finance. Through its ambitious Economic Agenda D33, Dubai is committed to leading the charge on environmental, social, and governance initiatives. Today’s signing is a testament to our shared ambition with Hong Kong to accelerate the transition towards a low-carbon economy.”

The HKMA and the DFSA will continue working closely to promote sustainable finance, including transition finance. The enhanced partnership will support both regions in exploring opportunities to mobilise capital to support the green and sustainable growth of the wider eco
nomies.

The Chief Executive of the HKMA, Eddie Yue, said, “Climate change is a global challenge that requires a collaborative response. Hong Kong and Dubai, as the sustainable finance hubs in Asia and the Middle East, and the key gateways between East and West, can and should do more together. The inaugural conference is our first effort to build a ‘Net-zero Asia – Middle East Corridor’. I look forward to many more fruitful collaborations between the HKMA and the DFSA.”

Source: Emirates News Agency

HONG KONG:The Dubai Financial Services Authority (DFSA) and the Hong Kong Monetary Authority (HKMA) concluded their inaugural Joint Climate Finance Conference today (16th September).

The hybrid conference, which took place in Hong Kong, brought together more than 240 participants from financial institutions, industry associations, and international organisations across both regions.

Under the theme “Building a Net-Zero Asia – Middle East Corridor”, the event discussed the demand for, and the gap in, transition finance, and explored the opportunity for greater collaboration between Hong Kong and Dubai. It highlighted the vision for the net-zero transition in each market, and for encouraging investment into the transition.

The HKMA and the DFSA signed a Memorandum of Understanding (MoU) to further deepen their strategic partnership on sustainable finance. Through this partnership, both authorities will engage in enhanced cross-border dialogue, deepen the exchange of information on recent trends, and conduct
joint research and events to further drive progress in this crucial area.

The Chief Executive of the DFSA, Ian Johnston, said, “As we strive to achieve net-zero targets, it is crucial to establish strong partnerships that allow for the exchange of expertise, regulatory alignment, and the promotion of sustainable investment opportunities. The signing of this MoU with the HKMA represents a pivotal step in reinforcing the cooperation between Dubai and Hong Kong in climate finance. Through its ambitious Economic Agenda D33, Dubai is committed to leading the charge on environmental, social, and governance initiatives. Today’s signing is a testament to our shared ambition with Hong Kong to accelerate the transition towards a low-carbon economy.”

The HKMA and the DFSA will continue working closely to promote sustainable finance, including transition finance. The enhanced partnership will support both regions in exploring opportunities to mobilise capital to support the green and sustainable growth of the wider eco
nomies.

The Chief Executive of the HKMA, Eddie Yue, said, “Climate change is a global challenge that requires a collaborative response. Hong Kong and Dubai, as the sustainable finance hubs in Asia and the Middle East, and the key gateways between East and West, can and should do more together. The inaugural conference is our first effort to build a ‘Net-zero Asia – Middle East Corridor’. I look forward to many more fruitful collaborations between the HKMA and the DFSA.”

Source: Emirates News Agency