Thursday, November 10 2016 12:08

Armenia willing to provide UAE business circles with preferential terms in case of real investments 

Armenia willing to provide UAE business circles with preferential terms in case of real investments 

ArmInfo. During his official visit to the UAE, Armenian President Serzh Sargsyan met with the heads of a number of investment companies. 

As the press office of the Armenian President has told ArmInfo, the interlocutors noted that the trade and economic relations between the two countries are not at such a high level as the political dialogue is.  However, the trade and economic field has a huge development potential to be used.  

The representatives of the UAE business circles expressed their intention to invest in Armenia. The President, in turn, assured them that in case of real investments in Armenia's economy they will be provided with preferential terms.

POST A COMMENT
Input digits     


News
Shadow income in Armenia is about 200-300 billion drams - Eduard  HakobyanShadow income in Armenia is about 200-300 billion drams - Eduard  Hakobyan
Expert: Obsession with short-term indicators to strip Armenia of  economic sovereigntyExpert: Obsession with short-term indicators to strip Armenia of  economic sovereignty
Armenia`s GDP increased by 5.2%  in Q1 2025, reaching $5.4 billionArmenia`s GDP increased by 5.2%  in Q1 2025, reaching $5.4 billion
In Armenia, only  54,000 out of 900,000 declarants reported their income to the tax authoritiesIn Armenia, only  54,000 out of 900,000 declarants reported their income to the tax authorities
Economy Minister does not believe his visit to Georgia can change anything more than daily contacts with Georgian partnersEconomy Minister does not believe his visit to Georgia can change anything more than daily contacts with Georgian partners
Near East could be among priority markets for Armenia under tourism strategy - minister Near East could be among priority markets for Armenia under tourism strategy - minister 
Armenia to cancel entry visas for citizens of number of countries Armenia to cancel entry visas for citizens of number of countries 
EAEC, EAEU bodies, businesses discuss intensification of trade with Serbia EAEC, EAEU bodies, businesses discuss intensification of trade with Serbia 
Armenian vice-premier to take part in EAEC Council`s meeting Armenian vice-premier to take part in EAEC Council`s meeting 
Tax administration efficiency discussed in Yerevan based on TADATTax administration efficiency discussed in Yerevan based on TADAT
Lavrov: Trade turnover between Russia and Armenia demonstrated  impressive results last yearLavrov: Trade turnover between Russia and Armenia demonstrated  impressive results last year
Gagik Makaryan: Georgia carrying out terror against cognac production in ArmeniaGagik Makaryan: Georgia carrying out terror against cognac production in Armenia
IDBank is now in Kapan: Opening of a new branchIDBank is now in Kapan: Opening of a new branch
Armenia to introduce cashback mechanism in tourism industry Armenia to introduce cashback mechanism in tourism industry 
Armenia plans to bring tourist industry`s revenues up to $3bln by  2030Armenia plans to bring tourist industry`s revenues up to $3bln by  2030
Team Telecom Armenia completes upgrading of mobile network in Tavush Team Telecom Armenia completes upgrading of mobile network in Tavush 
For the first time, the bonds of a medical institution to be listed  on Armenia Stock ExchangeFor the first time, the bonds of a medical institution to be listed  on Armenia Stock Exchange
International train Yerevan-Batumi-Yerevan to start operating from June 14International train Yerevan-Batumi-Yerevan to start operating from June 14
Armenia`s authorities to exempt certain Iranian trucks from road tax Armenia`s authorities to exempt certain Iranian trucks from road tax 
Azimut production company installs VOR/DME 2700 radio beacon in ArmeniaAzimut production company installs VOR/DME 2700 radio beacon in Armenia
ADB joins construction project of southern section of North-South  corridorADB joins construction project of southern section of North-South  corridor
RA Minister of Economy meets cognac industry representatives   RA Minister of Economy meets cognac industry representatives   
CBA considers introducing insurance mechanism to combat financial fraudCBA considers introducing insurance mechanism to combat financial fraud
Kocharyan: Gas pipeline from Iran to Armenia didn`t not imply any transit opportunity from the startKocharyan: Gas pipeline from Iran to Armenia didn`t not imply any transit opportunity from the start
Armenian-Austrian Intergovernmental Commission meeting on  trade-economic and scientific-technical cooperation  held in ViennaArmenian-Austrian Intergovernmental Commission meeting on  trade-economic and scientific-technical cooperation  held in Vienna
1% Special Transfer Rate for AraratBank Customers1% Special Transfer Rate for AraratBank Customers
Team Telecom Armenia announces launch of 5GTeam Telecom Armenia announces launch of 5G
Rocket Line loan payment deferment and combination: New update of the Idram&IDBank applicationRocket Line loan payment deferment and combination: New update of the Idram&IDBank application
23 of 46 schools renovated under ADB programme 23 of 46 schools renovated under ADB programme 
Armenian interbank foreign exchange market: dollar transactions increased from May 12 to May 16, 2025Armenian interbank foreign exchange market: dollar transactions increased from May 12 to May 16, 2025
Vahe Davtyan: Armenia being marginalized from the emerging  architecture of regional energy transitVahe Davtyan: Armenia being marginalized from the emerging  architecture of regional energy transit
Vahe Hovhannisyan meets with  EIB Vice President, Egypt`s Minister of  International Cooperation, and representatives from JP Morgan and  Bank of America in LondonVahe Hovhannisyan meets with  EIB Vice President, Egypt`s Minister of  International Cooperation, and representatives from JP Morgan and  Bank of America in London
Head of Anti-Counterfeit: We must not allow illegal traders to use  Georgia as a hub for counterfeit goods or a convenient route for   transportationHead of Anti-Counterfeit: We must not allow illegal traders to use  Georgia as a hub for counterfeit goods or a convenient route for   transportation
AraratBank: From a Future Student to a LeaderAraratBank: From a Future Student to a Leader
Event Ticketing Platform Eventhub is now Available in MyAmeria AppEvent Ticketing Platform Eventhub is now Available in MyAmeria App
RA Finance Minister of Finance meets with EBRD  President  in LondonRA Finance Minister of Finance meets with EBRD  President  in London
25% idcoin when buying tickets from all airlines. IDBank25% idcoin when buying tickets from all airlines. IDBank
The majority of transfers to Armenia come from Russia, and flow out  to Switzerland, the UAE and the USAThe majority of transfers to Armenia come from Russia, and flow out  to Switzerland, the UAE and the USA
ZCMC to be the first in Armenia to present a report on biodiversity  managementZCMC to be the first in Armenia to present a report on biodiversity  management
Armenian market  unable to provide personnel for modern competitive  businesses, especially in  mining sectorArmenian market  unable to provide personnel for modern competitive  businesses, especially in  mining sector
Converse Bank and EBRD sign two loan facilities totaling US$ 8 million to support MSMEs and green projectsConverse Bank and EBRD sign two loan facilities totaling US$ 8 million to support MSMEs and green projects
Armenia Featured in Wizz Air’s Special Magazine EditionArmenia Featured in Wizz Air’s Special Magazine Edition
Import customs duty for goods supplied to Armenia from Iran to be reduced to 4.5% Import customs duty for goods supplied to Armenia from Iran to be reduced to 4.5% 
Armenia`s authorities plan to enhance military industry`s potential Armenia`s authorities plan to enhance military industry`s potential 
Armenian government expanding agricultural machinery leasing support  programArmenian government expanding agricultural machinery leasing support  program
Armenia extends repayment term for ADB loan for improvement of  Armenia-Georgia border highwayArmenia extends repayment term for ADB loan for improvement of  Armenia-Georgia border highway
Armenia`s Cabinet declines Capital Markets International Data`s application for Ecos fee operators list Armenia`s Cabinet declines Capital Markets International Data`s application for Ecos fee operators list 
Inecobank to receive $15mln under EBRD `green agenda` Inecobank to receive $15mln under EBRD `green agenda` 
`Solar pathos` turning into source of Armenia`s `energy insecurity` - expert `Solar pathos` turning into source of Armenia`s `energy insecurity` - expert 
EU to mobilize EUR 2.36bln under economic investment plan for Armenia  - diplomat EU to mobilize EUR 2.36bln under economic investment plan for Armenia  - diplomat 
Evocabank to receive EUR 19.4 million financial package from EBRD to  support MSMEs and large enterprises in ArmeniaEvocabank to receive EUR 19.4 million financial package from EBRD to  support MSMEs and large enterprises in Armenia
EBRD expands cooperation with Ameriabank - EUR 50 million Risk Sharing  Framework agreement signedEBRD expands cooperation with Ameriabank - EUR 50 million Risk Sharing  Framework agreement signed
PSRC Head: Installed capacity of solar power plants in Armenia  projected to reach 557 MW in the coming yearsPSRC Head: Installed capacity of solar power plants in Armenia  projected to reach 557 MW in the coming years
Ambassador: Russia offering Armenia a wide range of nuclear power  unitsAmbassador: Russia offering Armenia a wide range of nuclear power  units
ENA`s investment program  for 2025  aims to modernize most worn-out  and vulnerable substationsENA`s investment program  for 2025  aims to modernize most worn-out  and vulnerable substations
PSRC Head: Electricity tariffs to remain unchanged in 2025PSRC Head: Electricity tariffs to remain unchanged in 2025
NPP CEO: Proposals for  new NPP model to be presented in 2026NPP CEO: Proposals for  new NPP model to be presented in 2026
Armenian Deputy PM, Iranian Ambassador discuss bilateral cooperation  agendaArmenian Deputy PM, Iranian Ambassador discuss bilateral cooperation  agenda
Armenian insurance market started to reduce compensationArmenian insurance market started to reduce compensation
Armenia`s SRC delegation attends  fifth meeting of the Subcommittee  on Customs Issues under SEPAArmenia`s SRC delegation attends  fifth meeting of the Subcommittee  on Customs Issues under SEPA
Read more
Exchange rates
22.05.2025
RUB4.830.03
USD384.44-0.62
EUR434.11-2.47
GBP515.15-1.14
CAD276.99-0.45
JPY26.76-0.04
CNY53.35-0.10
CHF464.92-2.33


Experts
Suren Parsyan calls the downwardly revised forecast of the World Bank  and IMF for Armenia`s GDP growth <optimistic>Suren Parsyan calls the downwardly revised forecast of the World Bank  and IMF for Armenia`s GDP growth
Universal Income Declaration: what happened has little in common with  what was intended - David AnanyanUniversal Income Declaration: what happened has little in common with  what was intended - David Ananyan
Are all funds protected in Russian banks?Are all funds protected in Russian banks?
Read more

Commented
China preparing to open new chapter of  One Belt, One Road initiative  with involvement of Armenia - diplomat China preparing to open new chapter of  One Belt, One Road initiative  with involvement of Armenia - diplomat 
The Merger between The Merger between "Ardshinbank" CJSC and "Ardshininvestbank" CJSC Has Been Completed
Ticket packets 1.2% of total number of transport tickets in Yerevan Ticket packets 1.2% of total number of transport tickets in Yerevan 
Armenia`s minister of labor meets with U.S. public figures at U.S.  presidential residence Armenia`s minister of labor meets with U.S. public figures at U.S.  presidential residence 
Armenian fish industry gains access to European marketArmenian fish industry gains access to European market

Company bonds
UCO CJSC "GLOBAL CREDIT"1
UCO CJSC "GLOBAL CREDIT"3
UCO CJSC "GLOBAL CREDIT"4
UCO CJSC "GLOBAL CREDIT"5
UCO CJSC "GLOBAL CREDIT"7
"National Mortgage Company"2A
"National Mortgage Company"2B
UCO CJSC “FINCA” 1
UCO CJSC “FINCA” 2