UAE, Chinese centers

Source:Agencies Published: 2018/9/9 20:28:40

A memorandum of understanding was signed to promote the development of financial centers in the United Arab Emirates (UAE) and China, a statement by the UAE side said Saturday.

The memorandum between UAE free zone Abu Dhabi Global Market (ADGM) and the Beijing Financial Street Services Bureau "marks a continuation of ADGM's commitment to the Belt and Road initiative," said ADGM's statement.

The agreement provides a formal platform for greater bilateral cooperation in areas including the development of financial centers in both countries, investment facilitation, joint research and closer exchange of information, the statement added.

Posted in: ECONOMY

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