Government

HE Marwan bin Jassim Al Sarkal, Executive Chairman of Sharjah Investment and Development Authority (Shurooq), said: “This decree underscores the UAE’s keenness, under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, to further diversify sustainable development, and cement our position on the world map as a leading foreign investment destination.

Abu Dhabi Customs has signed a joint agreement with Abu Dhabi Ports, the master developer, operator and manager of commercial and community ports within the emirate of Abu Dhabi, as well as Fujairah Terminals and Khalifa Industrial Zone Abu Dhabi (KIZAD). The collaboration will support the development of an effective framework that allows seamless entry and exit of empty containers at Khalifa Port.

RAKGas, through its international subsidiary RAKGas Zanzibar Limited, has signed an oil and gas Production Sharing Agreement with the Revolutionary Government of Zanzibar, the first such agreement Zanzibar has signed following its implementation of the Oil and Gas (Upstream) Act of 2016.

Dubai Land Department (DLD) has announced that it has signed a Memorandum of Understanding (MOU) with Emirates Islamic, one of the leading Islamic financial institutions in the UAE, which agreed to be a banking partner for DLD’s efforts to boost the growth of the Dubai real estate sector.

His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, has visited Zanzibar, Tanzania, after an invitation from His Excellency President Dr. Ali Mohamed Shein to attend the signing ceremony for a historic agreement for RAKGas to become Zanzibar’s first oil and gas production partner.