Press Dossier   By Date  15/09/2021
UAE aims for $1 trillion in activity with Israel by 2031
The UAE aims to raise the value of economic activity with Israel to more than $1 trillion in the next 10 years, hoping to work together on everything from healthcare to climate change and energy, the UAE economy minister said.
UAE wants quick trade talks with 8 key nations
The UAE will pursue an aggressive timetable to negotiate broad economic agreements with eight countries it wants to deepen trade ties with, hoping it can wrap up some of those talks within a year, its trade minister said on Tuesday.
DAE announces early retirement of $488m of senior unsecured notes
Dubai Aerospace Enterprise (DAE) has announced that it had delivered a notice of early redemption to the holders of the company’s $500 million of 5.25 per cent senior notes due 2021.
UAE tax authority offers 30% reduction on unpaid penalties
Tax law violators in the UAE can benefit from a 30 per cent reduction on unpaid penalties as per a recent Cabinet decision, the Federal Tax Authority (FTA) said on Tuesday.
Saudi Arabia sees R&D key to push military sector to create 100k jobs
Defense spending in Saudi Arabia is to focus on acquisitions as well as research and development (R&D) over the next decade to ensure that the local military industry will create around 100,000 jobs for Saudis, the governor of the Kingdom’s General Authority for Military Industries (GAMI) said.
Saudi Arabia closes $1.7bn September sukuk program
The National Debt Management Center (NDMC) has closed the September 2021 issuance under the Saudi Arabian Government riyal-denominated sukuk program. The size was set at  SR6.675 billion ($1.7 billion), NDMC said in a statement on Tuesday.
Saudi Real Estate Co. proposes capital raise via priority rights issue
The Saudi Real Estate Co. is considering issuing priority rights to raise SR1.6 billion to finance its future projects, the company said in a filing to Tadawul.
Work permits for teenagers will help them gain experience
Members of diverse fraternities in the UAE have welcomed the federal decision allowing students aged 15 and above to soon work in the country under a temporary visa scheme.
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