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
 Jul 3 2015 - Kuwait- KSE benchmark, weighted index fall in end of sessionKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Benchmark and weighted index of Kuwait Stock Exchange dropped in end of Thursday's session.Price index read 6,181, losing 5.66, weighted index edged down by 0.2, ...

 Jul 3 2015 - Bahrain condemns attacks in SinaiKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Bahrain strongly condemned Thursday recent attacks in the northern part of Egypt's Sinai Peninsula, which killed scores of soldiers and policemen.It added in a ...

 Jul 3 2015 - EU extends police mission for PalestineKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The EU Thursday announced the prolongation of the EU police mission for the Palestinian Territories (EUPOL COPPS) until 30 June 2016.The mission is part of wider ...

 Jul 3 2015 - Tunisia arrests eight suspects over Sousse attackKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Eight suspects, including a woman, have been arrested in connection with Friday's deadly attack in the Tunisian resort of Sousse, said an official here ...

 Jul 3 2015 - Kuwait- His Highness Amir receives cable from Polish pres. on mosque blast victimsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah received Thursday a cable of condolences from Poland's President Bronislaw Komorowsk on the victims ...

 Jul 3 2015 - Kuwait- His Highness Amir receives cable from Bulgarian pres.Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah received Thursday a cable of condolences from Bulgarian President Rosen Plevneliev on the victims of ...

 Jul 3 2015 - Kuwait- His Highness Amir receives condolence cable from Lithuanian pres.Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah received Thursday a cable of condolences from Lithuanian President Dalia Grybauskaite on the victims ...

 Jul 3 2015 - Kuwait- His Highness Amir receives cable from Greek pres.Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah received Thursday a cable of condolences from Greece's President Prokopis Pavlopoulos on the victims ...

 Jul 3 2015 - Arab League condemns attacks on army, police in SinaiKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Council of the Arab League has condemned attacks on Egyptian army and police forces in North Sinai on Wednesday, which left 30 troops killed or injured.The ...

 Jul 3 2015 - Kuwait - Parliament Speaker receives condolence cables on mosque blast victimsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Speaker of the National Assembly Marzouq Al-Ghanim received on Thursday condolence cables from Nicaraguan Parliament Speaker Rene Nunez, Secretary-General of ...

more...


 






Google

Click to Apply

 
 

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