ABU DHABI, 16th June, 2022 (WAM) Saqr Ghobash, Speaker of the Federal National Council (FNC), said the decision of the Latin America and Caribbean Parliament (Parlatino) to make the UAE, represented by the FNC, an observer member will strengthen the cooperation between the two sides and support the efforts to enhance the economic, social, cultural and political relations between the UAE and Latin American countries.
Ghobash made this statement during a virtual event that witnessed the signing of a Memorandum of Understanding (MoU) aimed.
The UAE is set to boost its 2022 FY budget spending by an additional AED1.23 billion ($335 million) and estimates that revenue will be higher by AED374.98 million, said the Federal National Council. This increased spending will come from general reserve.
Yesterday, the Federal National Council issued a statement on the occasion of the election of His Highness Sheikh Mohamed bin Zayed Al Nahyan as President of the UAE, in which he affirmed his great confidence in His Highness as "the leader of the state, protector of the Union and its gains, loving his people, close to him, generous with him, keen on his present and future."
The Dubai International Arbitration Centre ("DIAC") Arbitration Rules 2022 ("Rules") were issued on 25 February 2022 by the Board of Directors of the DIAC. The Rules will enter into force on.