Page 264 - Ministry of Economy - December 2017

12/26/2017 UAE signs MoU with China to receive financial services in industrial zone - Xinhua | English.news.cn

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Tuesday, December 26, 2017

UAE signs MoU with China to receive TOP STORIES
financial services in industrial zone President Xi urges

innovation in
Source: Xinhua | 2017-12-14 01:42:06 | Editor: Mu Xuequan manufacturing
sector

President Xi attends
national memorial
ceremony for
DUBAI, Dec. 13 (Xinhua) -- The United Arab Emirates' (UAE) Khalifa Industrial Zone Abu Nanjing Massacre
Dhabi (KIZAD) announced on Wednesday a Memorandum of Understanding (MoU) with victims
China's lender Bank of China Abu Dhabi Branch for banking services in the industrial zone.
Islamic summit

The MoU will "mutually promote services for the benefit of both entities customers" in the recognizes East
Jerusalem as capital
UAE and abroad, UAE state news agency WAM reported.
of Palestine State
The report said that banking services included loans, trade financing, international trade
Trump speaks on
settlement and clearing in the local currency, dirham, to Chinese, international and local
tax reform at White
companies investing in KIZAD, said the report.
House

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 EDITOR’S CHOICE
investments in the UAE and, in particular, in KIZAD."
/ 01. Long-term, ambitious climate goals
boost green finance
Gao Xiaoming, general manager of Bank of China Abu Dhabi Branch hailed the UAE as
/ 02. U.S. embassy unlikely to move to
one of the most important countries in building the Belt and Road Initiative.
Jerusalem before 2020: Tillerson

"Both the UAE and China are working together to coordinate their strategies," Gao added. / 03. Putin submits deal on Syrian naval
base to parliament

The bilateral trade between China and the UAE reached a total of 170.2 billion dirhams / 04. Islamic Jihad fires 3 rockets into Israel
(46.37 billion U.S. dollars) in 2016, which made China the biggest trade partner of the UAE in reprisal for airstrikes
for the third consecutive year, according to UAE Ministry of Economy. / 05. Paris welcomes cultural initiative
Operation Panda
KEY WORDS: UAE
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