Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE invites Romanians to invest in key sectors  Join our daily free Newsletter

MENAFN - Khaleej Times - 10/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Deal signed to establish a framework for mutual assistance

sultan bin saeed al mansouri exchanging documents after signing the agreement. — supplied photo

minister of economy sultan bin saeed al mansouri said the uae companies have registered exceptionally successful performance in drawing international investments and proven their global competitiveness.

“our home grown entities have earned reputation through decades of hard work and excellence. today organisations from the uae are welcomed and sought after worldwide” al mansouri said after a high-level meeting with romanian officials led by prime minister victor ponta in bucharest.

the exchange was held on the side lines of the joint economic committee meeting held in the romanian capital. the uae delegation included high level officials and members of the country’s business community.

“the uae is proud of the developmental role that our companies are playing in different countries around the world. the operations of the uae’s companies abroad are marked by a high degree of corporate social responsibility. the enterprises are seen as real partners in developmental efforts and not just as profit seekers” al mansouri said.

the minister offered detailed insights into the investment landscape of the uae. he highlighted the facilities offered to investors the legislative framework and the ultra-modern infrastructure and logistical capabilities that position the country as a preferred international business hub. he also highlighted the availability of free zones mega ports and airports and the development of infrastructurally-enabled industrial cities that support the significant investment opportunities in the uae.

during the meeting the two sides emphasised the importance of laying out a clear framework for future cooperation. the proposed framework will identify specific sectors timelines and follow-up mechanisms to monitor development and tackle any obstacles. the delegations agreed that a joint team would be set up for the implementation of decisions made by the joint economic committee.

for his part the romanian prime minister expressed his country’s interest in developing cooperation across all sectors focusing on agriculture industry tourism and energy. romania’s state minister for energy meanwhile outlined the country’s significant economic potential in wind energy hydropower and solar power and confirmed interest in attracting investments from the uae in the renewable energy sector.

the delegates also discussed ongoing privatisation plans that are underway and called on businesses in the uae to benefit from the investment opportunities available in romania.

financial agreement

a memorandum of understanding (mou) was signed between the securities and commodities authority (sca) of the uae and the financial supervisory authority (fsa) of romania at the conclusion of the joint economic committee meeting.

the mou seeks to establish a framework for mutual assistance and facilitate the exchange of information between the two authorities. the enhanced cooperation is in turn anticipated to ensure mutual compliance with regulations in the securities and futures domain of the two countries. additionally the agreement aims to augment investor confidence and promote the integrity of the securities markets through establishing a charter for co-operation exchange of information and investigative assistance that conforms to existing laws and practices.

the pact also specifies the mutual scope of work that focuses on the prevention of illegitimate financial market activities including insider dealing market manipulation and other fraudulent practices prevalent among companies securities futures contracts options and collective investment schemes.

— business?khaleejtimes.com


 


Khaleej Times




  MENA News Headlines
 Nov 23 2014 - Qatar- HH the Emir Meets Uruguay AmbassadorQatar News Agency
(MENAFN - QNA) HH the Emir Sheikh Tamim bin Hamad Al-Thani met today at his Emiri Diwan Office with Ambassador of the Republic of Uruguay Jose Luis Remedi whose term of office has expired At the ...

 Nov 23 2014 - Somalia's Culture Minister Meets Charge D'affaires of Qatar's EmbassyQatar News Agency
(MENAFN - QNA) Somalia's Minister of Culture and Higher Education Duale Adam Mohammed conferred with Charge D'affaires of Qatar's Embassy in Somalia Hasan bin Hamza Asad Mohamed. The meeting ...

 Nov 23 2014 - Qatar- Foreign Minister's Assistant Meets Vietnamese CounterpartQatar News Agency
(MENAFN - QNA) HE the Foreign Minister's Assistant for Foreign Affairs met here on Sunday with Vietnamese Deputy Foreign Minister Pham Quang Vinh. The meeting dealt with bilateral ties and means to ...

 Nov 23 2014 - Worker dies in grenade attack on MQM campKhaleej Times
(MENAFN - Khaleej Times) A Muttahida Qaumi Movement activist who was among 20 people wounded in a grenade attack on an MQM camp in Karachi succumbed to his injuries in hospital on Saturday. Three ...

 Nov 23 2014 - UAE- Sri Lankas Sirisena vows to abolish presidency in 100 daysKhaleej Times
(MENAFN - Khaleej Times) The defected health minister vowed to wipe out nepotism corruption and the abuse of the rule of law. Following the defection of the ruling party’s general-secretary ...

 Nov 23 2014 - UAE- 4 dead 30 missing in Nepal as bus falls in riverKhaleej Times
(MENAFN - Khaleej Times) Police said the bus drove about 50 meters (160 feet) off the road and plunged into the Bheri River near Bhur village about 400 kilometers (250 miles) west of the capital ...

 Nov 23 2014 - UAE- How to get in the mood to train this winterKhaleej Times
(MENAFN - Khaleej Times) As the mercury drops tennis player Belinda Bencic shares some tips on how to get in the mood to train this winter The winter seasongives plenty of excuses not to workout ...

 Nov 23 2014 - UAE- Lindsay Armaou on B-Witched reunitingKhaleej Times
(MENAFN - Khaleej Times) Lindsay Armaou from 90s girl group B*Witched talks about reuniting the band a decade after they split up. When Irish girl band B*Witched broke into the musical ...

 Nov 23 2014 - UAE- Sony affected by Swifts Spotify moveKhaleej Times
(MENAFN - Khaleej Times) Swifts decision to yank her music from Spotify has prompted Sony Music Entertainment to reconsider whether it will continue to license songs for free. Taylor Swift ...

 Nov 23 2014 - UAE- Rivermaya mentors talent in Battle of the BandsKhaleej Times
(MENAFN - Khaleej Times) Kristine Abante speaks to iconic Filipino band Rivermaya who were recently in Dubai. A week after their hugely successful Dubai concert the Philippines’s ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help