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12/26/2017 UAE signs MoU with China to receive financial services in industrial zone

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The United Arab Emirates' (UAE) Khalifa Industrial Zone Abu Dhabi (KIZAD) announced on estimated to halve in 2017: BOK
Wednesday a Memorandum of Understanding (MoU) with China's lender Bank of China Abu Dhabi
Branch for banking services in the industrial zone. President Xi urges innovation in manufacturing
sector
The MoU will "mutually promote services for the benefit of both entities customers" in the UAE and China responds to Tillerson's statements on
abroad, UAE state news agency WAM reported.
Korean Peninsula nuclear issue
The report said that banking services included loans, trade financing, international trade settlement
and clearing in the local currency, dirham, to Chinese, international and local companies investing in Top news More
KIZAD, said the report.
President Xi urges innovation in manufacturing
Captain Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports, said "by working together we can
support local, regional and international companies to make the most of their investments in the UAE sector
and, in particular, in KIZAD." U.S. military, government ties with Taiwan
opposed
Gao Xiaoming, general manager of Bank of China Abu Dhabi Branch hailed the UAE as one of the
most important countries in building the Belt and Road Initiative. Free trade zones see logistical success
"Both the UAE and China are working together to coordinate their strategies," Gao added. Japanese ask Abe to apologize for war
The bilateral trade between China and the UAE reached a total of 170.2 billion dirhams (46.37 billion Mainland calls for more communication across
U.S. dollars) in 2016, which made China the biggest trade partner of the UAE for the third Taiwan Strait
consecutive year, according to UAE Ministry of Economy.
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