UAE signs initial agreement for Investment protection and promotion with Republic of Singapore
On behalf of and towards enhance international financial agreements of the UAE, Ministry of Finance (MoF) signed an initial agreement for investment protection and promotion with the Republic of Singapore.
The initial agreement supports global economic openness through the free movement of products and increases investment and trade development opportunities. It will enhance economic relations and partnership between both countries.
HE Khalid Ali Al Bustani, Assistant Undersecretary for International Financial Relations Sector at MoF signed the final agreement, and hailed it as an important pillar for enhanced cooperation and partnership between the two countries. The agreement includes all areas of common interest and seeks to create an investment environment to attract governmental investment, sovereign wealth funds and encourages private sector investment in both countries.
The agreement is expected increase the volume of commercial and tourist exchange leading to a more developed air transport industry. It removes all financial and economic barriers while promoting sustainable development that will create more employment opportunities in both countries.
- US, EU protectionist policies may be a blessing in disguise for GCC suppliers
- Dubai to Doha: How far can you stretch your dirham?
- Tunisia 2020 investment conference: 145 mega projects on offer
- GCC tax on expats' income and remittances would be highly regressive: IMF
- 'The worst is over for Qatar's trade balance': BMI Research
- MoF holds 2015 consultative meeting on double taxation avoidance and the protection and promotion of investment agreements
- Saudi-Austrian investment protection agreement signed
- UAE signs an agreement to avoid double taxation on income with the Republic of Serbia
- UAE and Germany agree on several initiatives to increase economic, investment, and trade cooperation
- UAE MoF Undersecretary meets Kazakhstan’s Vice Minister for Investment and Development and signs agreement on the protection and promotion of investment