Dubai Airport Freezone Authority (Dafza) and Export Bahrain have signed an agreement to support their joint efforts in institutional development, facilitating business activities and supporting companies' expansion plans.
The pact aims to help UAE and Bahrain-based companies to expand and develop joint trade relations, improve co-operation in innovation and entrepreneurship, exchanging expertise and best practices and enable access to technology, markets and business networks, they said in a joint statement on Monday.
The agreement gives Export Bahrain access to the global companies set up at Dafza to support Bahraini exporters in line with a framework established by the agreement.
Dafza will have access to companies supported by Export Bahrain to work towards improving the companies’ relations with their counterparts in Dafza and exchange information, services and offers.
"It facilitates for the companies a network of relations and partnerships, helping them to expand in target markets and access the largest possible client and consumer base," Amna Lootah, assistant director general of Dafza, said.
"This agreement is also the cornerstone of a strategic co-operation that benefits both sides and their short and long-term goals. It serves as a starting point for an active co-operation that strengthens the offers provided by Dafza and Export Bahrain, particularly during the next stage which will witness recovery from the impact of the Covid-19 pandemic on economic sectors," she said.
The pact is the latest in a series signed by Dafza recently, all of which seek to expand the free zone’s network of partners around the world and its portfolio of services.
The co-operation "permits SME exporters based in Bahrain to capitalise on the supportive facilities offered by Dafza, such as its business-friendly environment, world-class infrastructure, tax exemptions and more, in order to meet their regional and global exporting aspirations," Safa Sharif Abdulkhaliq, Export Bahrain's acting chief executive, said.
What sanctions would be reimposed?
Under ‘snapback’, measures imposed on Iran by the UN Security Council in six resolutions would be restored, including:
- An arms embargo
- A ban on uranium enrichment and reprocessing
- A ban on launches and other activities with ballistic missiles capable of delivering nuclear weapons, as well as ballistic missile technology transfer and technical assistance
- A targeted global asset freeze and travel ban on Iranian individuals and entities
- Authorisation for countries to inspect Iran Air Cargo and Islamic Republic of Iran Shipping Lines cargoes for banned goods
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UAE currency: the story behind the money in your pockets
What is the FNC?
The Federal National Council is one of five federal authorities established by the UAE constitution. It held its first session on December 2, 1972, a year to the day after Federation.
It has 40 members, eight of whom are women. The members represent the UAE population through each of the emirates. Abu Dhabi and Dubai have eight members each, Sharjah and Ras al Khaimah six, and Ajman, Fujairah and Umm Al Quwain have four.
They bring Emirati issues to the council for debate and put those concerns to ministers summoned for questioning.
The FNC’s main functions include passing, amending or rejecting federal draft laws, discussing international treaties and agreements, and offering recommendations on general subjects raised during sessions.
Federal draft laws must first pass through the FNC for recommendations when members can amend the laws to suit the needs of citizens. The draft laws are then forwarded to the Cabinet for consideration and approval.
Since 2006, half of the members have been elected by UAE citizens to serve four-year terms and the other half are appointed by the Ruler’s Courts of the seven emirates.
In the 2015 elections, 78 of the 252 candidates were women. Women also represented 48 per cent of all voters and 67 per cent of the voters were under the age of 40.
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Name: Enhance Fitness
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Based: UAE
Employees: 200
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MATCH INFO
Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid
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Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid
RESULT
Deportivo La Coruna 2 Barcelona 4
Deportivo: Perez (39'), Colak (63')
Barcelona: Coutinho (6'), Messi (37', 81', 84')
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TRAP
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Director: Monika Mitchell
Starring: Alyssa Milano, Sam Page, Colleen Wheeler
Rating: 3/5
