Published on: Monday, April 26, 2021
By: Bernama
Kuala Lumpur: Senior Minister cum International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali
(pic) will lead a trade and investment mission to Saudi Arabia and the United Arab Emirates (UAE) from today until May 4, 2021.
The mission is part of the Ministry of International Trade and Industry’s (MITI) continuous effort to promote business opportunities and strategic partnerships between Malaysia and the West Asian region.
The mission is aimed at keeping the momentum of economic relations between Malaysia and both countries, following the official visit of Prime Minister Tan Sri Muhyiddin Yassin to Saudi Arabia and the UAE in March, Miti said in a statement today.
Sunday, 25 Apr 2021 02:02 PM MYT
Senior Minister and International Trade and Industry Minister Datuk Seri Azmin Ali is pictured at the Collaboration Agreement signing ceremony between Bin Zayed Group and Widad Business Group in Kuala Lumpur March 30, 2021. Picture by Ahmad Zamzahuri
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KUALA LUMPUR, April 25 Senior Minister cum International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali will lead a trade and investment mission to Saudi Arabia and the United Arab Emirates (UAE) from tomorrow until May 4, 2021.
The mission is part of the Ministry of International Trade and Industry’s (Miti) continuous effort to promote business opportunities and strategic partnerships between Malaysia and the West Asian region.
He also worked to remove many of the obstacles that were facing the banking sector, during the crisis period, Sheikh Mansour added.
Liquidity in the UAE’s banking system returned to pre-Covid-19 levels and banks have substantially reduced their use of the Targeted Economic Support Scheme (Tess), – the Dh50 billion ($13.61bn) zero-cost funding programme set up one year ago to help lenders maintain funding flows through the economy – the central bank said last month.
The amount lenders are drawing down from Tess declined to Dh22bn, half of the maximum drawdown of about Dh44bn reached in Q2 2020.
The funding programme, which was extended to June 30, is part of local and federal support packages worth Dh388bn, the Minister of Economy Abdulla bin Touq said in December.