The UAE will be able to shift to a more flexible and sustainable economic model in the post-COVID-19 era, thanks to its decision to roll out various business stimulus packages.
That's according to the Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, who said the recent incentive schemes will encourage companies operating in the digital economy, and also support SMEs.
He said this will chairing the 59th meeting of the Gulf Cooperation Council (GCC) Commercial Cooperation Committee, under the framework of the UAE’s presidency of the current session of the GCC.
During the virtual discussions, Al Zeyoudi called upon GCC members to develop joint mechanisms for tackling challenges triggered by the pandemic as well as ways to tap into the new business opportunities.
He also highlighted the importance of adopting more open and efficient trade and customs policies so that supply chains continue to function under all circumstances.
The Committee discussed ways for its members to support entrepreneurs and SMEs in the GCC, as well as their cooperation in patents, consumer protection, certificates of origin and e-commerce.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has approved plans to create 178,000 jobs and aims to attract 39.3 million tourists.
Sam Bankman-Fried has been sentenced to 25 years in prison for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind's dramatic downfall.
Sam Bankman-Fried, the former billionaire cryptocurrency wunderkind, is set to be sentenced on Thursday over his conviction for stealing $8 billion from customers of the now-bankrupt FTX exchange he founded.
ADNOC has announced the start of crude oil production from its Belbazem offshore block, which is operated through a joint venture with China National Petroleum Corporation (CNPC), called Al Yasat Petroleum.
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