Armenian President Visits UAE: Strengthening Ties Between Nations

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  In a significant diplomatic move, the President of Armenia has embarked on an official visit to the United Arab Emirates (UAE), aiming to bolster bilateral relations, expand economic cooperation, and foster cultural exchange between the two nations. The high-level visit marks a new chapter in Armenia-UAE relations, showcasing a mutual commitment to deepening political dialogue and exploring opportunities in trade, technology, energy, tourism, and investment. During his visit, the Armenian President held discussions with top Emirati leaders, including His Highness Sheikh Mohamed bin Zayed Al Nahyan, the President of the UAE and Ruler of Abu Dhabi. The leaders discussed regional and international developments, emphasizing the importance of peace, stability, and economic collaboration in the South Caucasus and Middle East regions. Key Highlights of the Visit: Economic Partnerships: Talks included strategies to enhance mutual trade and explore investment in sectors such as infrast...
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UAE Leaves "Grey List" After Completing FATF Recommendations Successfully

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UAE

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The United Arab Emirates has achieved a noteworthy milestone in its efforts to combat money laundering and terrorism financing, as the Financial Action Task Force (FATF) has stated that the country has successfully implemented all 15 recommendations included in its action plan. Due to this accomplishment, the UAE and its financial center, Dubai, have been taken off the FATF's "grey list" of nations where there is a risk of illegal money flows.  

Also read :A Strategic Bridge: UAE’s Invitation to Armenia’s President Signals Growing Regional Engagement

The United Arab Emirates' efforts to entice foreign investment have been reinforced by its dedication to augmenting financial investigations, fostering international collaboration, and harmonizing its regulation of virtual assets with global norms. Key leaders in this regard include Khalid Mohammed Salem Balama Al Tamimi, Governor of the Central Bank of the United Arab Emirates, and Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (ADDED). They have highlighted the nation's commitment to preventing money laundering and financing of terrorism by means of international cooperation and a risk-based regulatory framework.   

Also read :UAE President Directs Establishment of Zayed Education Foundation to Empower Next Generation of Global Leaders

The UAE's standing as an economic and investment hub is reinforced by the successful implementation of the FATF's recommendations. The country offers a hospitable environment, plenty of investment opportunities, and strong policies that draw major players in a variety of sectors and Foreign Direct Investments (FDIs). This accomplishment strengthens the UAE's standing as a global leader in the fight against financial crimes and demonstrates its dedication to upholding the highest standards of financial integrity and transparency.   

 

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