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UAE-GCC states trade tops $62 billion in 2019

UAE-GCC states trade tops $62 billion in 2019
tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.

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Khalifa Foundation's humanitarian and relief reach out to 90 countries last year


Khalifa Foundation s humanitarian and relief reached out to 90 countries last year
28 Feb 2021
Photo used for illustrative purpose only.
In a statement on the occasion of the release of the 2020 annual report of the Khalifa Bin Zayed Al Nahyan Foundation, Ahmed Juma Al Zaabi, Minister of the Federal Supreme Council at the Ministry of Presidential Affairs and Deputy Chairman of the Foundation, said that 2020 was difficult for workers in all sectors, most notably the humanitarian sector, but due to the directives of the UAE’s leadership, the foundation is continuing its local and international charitable activities.
The Organisation for Economic Co-operation and Development (OECD) has ranked UAE the leading humanitarian donor for the fifth consecutive year in terms of percentage of gross national income, he added. ....

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UAE's new trust law to benefit onshore businesses


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A new UAE Trust law passed late last year will support the development of the onshore wealth management sector in the country, a finance ministry official said.
The Federal Law No. (19) of 2020 on trusts was enacted by President Sheikh Khalifa bin Zayed in September last year.
“The decree-law regarding trusts was an important addition to the UAE’s advanced legislative structure,” Younis Haji Al Khouri, undersecretary of the Ministry of Finance, said.
“[It] supports the wealth management sector in the country and provides new mechanisms for managing companies and family funds. It also encourages the allocation of charitable trusts.” ....

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