President His Highness Sheikh Mohamed bin Zayed Al Nahyan sent a congratulatory message to Vladimir Putin, President of the Russian Federation, in honor of “Russia Day.” This occasion celebrates the sovereignty and independence of Russia. In addition to Sheikh Mohamed, His Highness Sheikh Mohammed bin Rashid Al Maktoum, who serves as Vice President, Prime Minister,...
United Arab Emirates-based companies have approached Italy’s government with intentions to potentially bid for the Russia unit of the Italian lender UniCredit SpA. According to a document reviewed by Bloomberg, Mada Capital and Asas Capital plan to form a special purpose vehicle to facilitate the purchase of the asset. The project will receive support from...
Russia is currently in advanced discussions with Bahrain regarding a three-year liquefied natural gas (LNG) agreement. Under this proposed deal, Moscow would supply the Gulf kingdom with 1.5 million metric tons of LNG. This information comes from three sources familiar with the ongoing negotiations. If finalized, this agreement would mark the first LNG deal between...
The United Arab Emirates, through the Ministry of Finance, has successfully concluded the final round of negotiations for a Double Taxation Avoidance Agreement concerning income and capital with the Russian Federation. This significant achievement highlights the UAE’s dedication to enhancing economic and tax cooperation. The agreement aims to create a business-friendly environment that safeguards taxpayers’...