After an elaborate state banquet at Buckingham Palace, with the Queen of England, China’s President is turning his attention today to business. Xi Jinping is continuing his state visit to the UK as a major nuclear deal looms. Two Chinese state enterprises are expected to invest around AED 121 billion in the first nuclear power plant to be built in the UK in a generation. The President will hold talks with Britain’s Prime Minister David Cameron where they are expected to confirm the investment.
UAE Central Bank sanctions Bank Melli Iran over compliance breaches
The Central Bank of the UAE has imposed strict enforcement measures on the UAE branches of Bank Melli Iran following violations of regulatory requirements, including legislation related to anti-money laundering and combating the financing of terrorism and proliferation financing.
India-New Zealand free trade pact to come into force on October 20
A free trade agreement between India and New Zealand, signed in April, will come into force on October 20, Indian trade minister Piyush Goyal said on Monday, as New Delhi seeks to boost exports and attract investment amid shifts in global trade.
Parkin implements smart parking system at Dubai Health facilities
Parkin has partnered with Dubai Health to implement a smart parking management system across its facilities, with the first phase launched at Rashid Hospital on Monday.
US and China begin talks ahead of Trump-Xi summit
Senior US and Chinese officials began talks in New York on Sunday aimed at preparing potential agreements ahead of a summit between President Donald Trump and Chinese President Xi Jinping this week.
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