Quotes: US 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
 Oct 2 2014 - Qatar's Barwa to sell land for USD697mMENAFN
(MENAFN) Qatar's Barwa Real Estate announced it is planning to sell a land worth USD697.4 million to the government, Gulf Daily News reported.For the piece of land, located in Lusail City and which ...

 Oct 2 2014 - Oman's OIF to acquire 33.6 percent stake in TaageerMENAFN
(MENAFN) Oman Investment Fund (OIF) announced it is acquiring 33.63 percent stake in Taageer Finance Co. from Al Anwar Holdings, Muscat Daily reported.The deal, which is awaiting a formal approval ...

 Oct 2 2014 - Retaj seeks to invest in MoldovaMENAFN
(MENAFN) Retaj is looking for opportunities to invest in real estate, tourism and hotels in Moldova, as well as looking into different investment opportunities available in the country and also ...

 Oct 2 2014 - BP Oman awards 2 USD730m drilling contracts for Khazzan projectMENAFN
(MENAFN) BP Oman announced it has awarded two long-term drilling contracts for the Khazzan project, both valued at more than USD730 million, Times of Oman reported.The first contract was awarded to ...

 Oct 2 2014 - ME's carriers cargo growth up 7.8 percent in AugustMENAFN
(MENAFN) Middle Eastern carriers reported a growth by 7.8 percent in cargo in August, which is lower than the 2014 average of 9.6 percent previously expected, Arabian Business reported.Despite growth ...

 Oct 2 2014 - UAE, US sign MoU to increase energy cooperationMENAFN
(MENAFN) The UAE's Ministry of Energy announced it has signed a Memorandum of Understanding (MoU) with the US Ministry of Energy in order to strengthen the bilateral energy relationship, joint ...

 Oct 2 2014 - Abu Dhabi Ports to open ship-repairing facilityMENAFN
(MENAFN) Abu Dhabi Ports Company (ADPC) announced it has leased a land to Topaz Marine Engineering Division, one of the Middle East's leading marine engineering services, for the purpose of ...

 Oct 2 2014 - UAE writers celebrate UN honoring of His Highness the AmirKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The UAE Writers Union has celebrated the recent UN acclamation of His Highness the Amir (of Kuwait) Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah as an international ...

 Oct 2 2014 - Malaysia, FBI cooperate to uproot ISIL threatsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Malaysia would join the US-based Federal Bureau of Investigation (FBI) in the fight against Islamic State in Iraq and the Levant (ISIL) militants, Home Minister ...

 Oct 2 2014 - Two suicide attacks kill seven in KabulThe Peninsula
(MENAFN - The Peninsula) Two Taliban suicide bombers carried out separate attacks on Afghan army vehicles in Kabul yesterday, killing seven people and injuring 19, the government said, a day after ...

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help