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
Vahan Kerobyan: Fly Arna national air carrier needs additional  fundingVahan Kerobyan: Fly Arna national air carrier needs additional  funding
Granatus Ventures co-founder: In Armenia, in the context of creating  startups, we should follow the path of commercialization of  intellectual property productsGranatus Ventures co-founder: In Armenia, in the context of creating  startups, we should follow the path of commercialization of  intellectual property products
Expert: Young scientists do not see opportunities in Armenia to  realize their potentialExpert: Young scientists do not see opportunities in Armenia to  realize their potential
Ardshinbank was recognized as the Bank of the Year in Armenia for the fourth time by The Banker magazineArdshinbank was recognized as the Bank of the Year in Armenia for the fourth time by The Banker magazine
Second co-project of AraratBank and 4090 Charity Foundation to support education for war participantsSecond co-project of AraratBank and 4090 Charity Foundation to support education for war participants
Burden of social payments: RA Burden of social payments: RA "updated budget" 
Situation at the Upper Lars checkpoint was expected - expert Situation at the Upper Lars checkpoint was expected - expert 
Non-financial reporting: Can it exist in Armenia?Non-financial reporting: Can it exist in Armenia?
Don`t believe headlines that world is facing instability because of  Ukraine, Gaza or China- Nassim TalebDon`t believe headlines that world is facing instability because of  Ukraine, Gaza or China- Nassim Taleb
New program to support processing industry enterprises is launched in  Armenia - Ministry of EconomyNew program to support processing industry enterprises is launched in  Armenia - Ministry of Economy
EBRD, EU and Sweden backing Acba Bank with USD 10 million loan for  Armenian women-led firmsEBRD, EU and Sweden backing Acba Bank with USD 10 million loan for  Armenian women-led firms
Armenia sees opportunities to develop country`s economy in tourism -  KerobyanArmenia sees opportunities to develop country`s economy in tourism -  Kerobyan
Armenia is doing everything possible to keep its companies free from  secondary sanctions - ministerArmenia is doing everything possible to keep its companies free from  secondary sanctions - minister
EIB expresses its readiness to discuss with Armenian side prospects  for cooperation on implementation of new projectsEIB expresses its readiness to discuss with Armenian side prospects  for cooperation on implementation of new projects
Civil Aviation Committee has no data on possible withdrawal of Air  Arabia from Armenia`s marketCivil Aviation Committee has no data on possible withdrawal of Air  Arabia from Armenia`s market
Mher Grigoryan appointed member of ERC Board of ManagersMher Grigoryan appointed member of ERC Board of Managers
Road to Upper Lars checkpoint is open for all types of vehiclesRoad to Upper Lars checkpoint is open for all types of vehicles
RA premier receives Amazon Web Services public policy regional  director RA premier receives Amazon Web Services public policy regional  director 
EAEU membership does not hinder Armenia`s exports EU - KerobyanEAEU membership does not hinder Armenia`s exports EU - Kerobyan
Armenia`s Economy Ministry convenes urgent discussion within EAEU on  situation at Upper Lars Armenia`s Economy Ministry convenes urgent discussion within EAEU on  situation at Upper Lars 
Ameriabank to sponsor 100MW of Ameriabank to sponsor 100MW of "green energy" to Armenia`s energy  sector next year
Armenian authorities` ignoring Russia`s key role in country`s  economic development in conflict with its national interests -  opposition MPArmenian authorities` ignoring Russia`s key role in country`s  economic development in conflict with its national interests -  opposition MP
Converse Bank acts as underwriter for corporate AMD coupon bonds of  Euroterm companyConverse Bank acts as underwriter for corporate AMD coupon bonds of  Euroterm company
Minister: by 2040, volume of electricity production from solar  generation facilities to be increased by another 1,500 MWMinister: by 2040, volume of electricity production from solar  generation facilities to be increased by another 1,500 MW
There has been significant increase in investments in renewable  energy in ArmeniaThere has been significant increase in investments in renewable  energy in Armenia
Forced migrants from Artsakh, can benefit from state program  supporting housing construction in border villages of Armenia, after  acquiring RA citizenshipForced migrants from Artsakh, can benefit from state program  supporting housing construction in border villages of Armenia, after  acquiring RA citizenship
For the first time, non-cash bankcard transactions exceed `cash` onesFor the first time, non-cash bankcard transactions exceed `cash` ones
Electric energy market liberalization to form efficient system -  Vahagn Khachaturyan Electric energy market liberalization to form efficient system -  Vahagn Khachaturyan 
Armenia, ADB sign two loan agreements worth over EUR 126mln Armenia, ADB sign two loan agreements worth over EUR 126mln 
Along with transition to non-cash payments in Armenia, POS-terminals  network in retail locations is actively expandingAlong with transition to non-cash payments in Armenia, POS-terminals  network in retail locations is actively expanding
EBRD, HSBC Armenia sign RSF framework agreement to facilitate  Armenian firms` access to finance EBRD, HSBC Armenia sign RSF framework agreement to facilitate  Armenian firms` access to finance 
Team begins cooperation with Loft to promote activation and  dissemination of projects for young peopleTeam begins cooperation with Loft to promote activation and  dissemination of projects for young people
ADB stands ready to expand joint programs with Armenia - Masatsugu  AsakawaADB stands ready to expand joint programs with Armenia - Masatsugu  Asakawa
Industrial products price index in Armenia in Jan-Oct 2023 decreased to 101.6% from 103.4%  Industrial products price index in Armenia in Jan-Oct 2023 decreased to 101.6% from 103.4%  
Russia-Ukraine conflict factor of Armenia economic growth - official Russia-Ukraine conflict factor of Armenia economic growth - official 
Armenia among top five exporters of whiskey to Russia Armenia among top five exporters of whiskey to Russia 
Deputy Prime Minister of Armenia gets acquainted with Russian-made  electric vehiclesDeputy Prime Minister of Armenia gets acquainted with Russian-made  electric vehicles
Expert: Most acceptable option for construction of new nuclear power  unit for Armenia is Russian-deigned projectsExpert: Most acceptable option for construction of new nuclear power  unit for Armenia is Russian-deigned projects
The European Bank for Reconstruction and Development and the European Union provided Ardshinbank with a loan for the development of MSMEs.The European Bank for Reconstruction and Development and the European Union provided Ardshinbank with a loan for the development of MSMEs.
Black Friday: FLYONE ARMENIA airline announces 50% discount on air  ticketsBlack Friday: FLYONE ARMENIA airline announces 50% discount on air  tickets
Armenia, Iraq are working on launching direct flights and simplify  visa regimeArmenia, Iraq are working on launching direct flights and simplify  visa regime
In Oct 2023, number of income-generating jobs increased by  approximately 5% compared to Oct 2022In Oct 2023, number of income-generating jobs increased by  approximately 5% compared to Oct 2022
Armenia, Switzerland discuss tourism, agriculture and vocational  education cooperation issues Armenia, Switzerland discuss tourism, agriculture and vocational  education cooperation issues 
ArmInfo FinRating: Armenian banks are trying to return to stable  profit growth through lendingArmInfo FinRating: Armenian banks are trying to return to stable  profit growth through lending
Russian businesswoman Svetlana Ershova becomes owner of 47.6% of  shares of ZCMC, Armenia`s largest copper-molybdenum combineRussian businesswoman Svetlana Ershova becomes owner of 47.6% of  shares of ZCMC, Armenia`s largest copper-molybdenum combine
Ardshinbank and Dalan Technopark have signed a cooperation agreement.  Ardshinbank and Dalan Technopark have signed a cooperation agreement.  
Armenia amending loan agreement Yerevan Metro Rehabilitation Project  Phase II signed with EIBArmenia amending loan agreement Yerevan Metro Rehabilitation Project  Phase II signed with EIB
Car importers holding protest against tax amendments Car importers holding protest against tax amendments 
Armenia to take out EUR 25mln from EIB for energy saving in public  buildings Armenia to take out EUR 25mln from EIB for energy saving in public  buildings 
Armenia`s premier announces new record number of jobs  Armenia`s premier announces new record number of jobs  
Assistance programme for 100,00 forcibly displaced Nagorno-Kabarakh  Armenians completedAssistance programme for 100,00 forcibly displaced Nagorno-Kabarakh  Armenians completed
Armenia invites Indian companies to its energy infrastructure  modernization projects  Armenia invites Indian companies to its energy infrastructure  modernization projects  
Preparations for EBRD conference discussed in Armenia  Preparations for EBRD conference discussed in Armenia  
Minister of Economy promises: tax deduction mechanism for mortgage  loans to be replaced by other toolsMinister of Economy promises: tax deduction mechanism for mortgage  loans to be replaced by other tools
Germany to allocate EUR 84.6 million grant and loan to Armenia for  development of priority areasGermany to allocate EUR 84.6 million grant and loan to Armenia for  development of priority areas
Armenia`s GDP growth rates are returning to dynamics of two years agoArmenia`s GDP growth rates are returning to dynamics of two years ago
Central Bank of Armenia puts into circulation commemorative coins  dedicated to 30th anniversary of dram Central Bank of Armenia puts into circulation commemorative coins  dedicated to 30th anniversary of dram 
RA President: Iraq is Armenia`s important and reliable partner of  Middle East; Yerevan is interested in developing bilateral agenda  with BaghdadRA President: Iraq is Armenia`s important and reliable partner of  Middle East; Yerevan is interested in developing bilateral agenda  with Baghdad
Green hydrogen generation project to be submitted to Armenia`s  government late in 2023 - minister Green hydrogen generation project to be submitted to Armenia`s  government late in 2023 - minister 
Road from Georgia to Russia through Upper Lars checkpoint is closed  for trucksRoad from Georgia to Russia through Upper Lars checkpoint is closed  for trucks
Read more


Exchange rates
01.12.2023
RUB4.47-0.07
USD402.880.23
EUR438.70-0.79
GBP509.520.49
CAD297.811.90
JPY27.23-0.05
CNY56.420.02
CHF460.640.63


Experts
Armenian startups lack ambitionArmenian startups lack ambition
SRC- from control to total dictatorshipSRC- from control to total dictatorship
Amid high growth, prudent fiscal stance would help avoid overheating  of economy, prevent inflationary pressures - Jihad AzourAmid high growth, prudent fiscal stance would help avoid overheating  of economy, prevent inflationary pressures - Jihad Azour
Read more

Commented
ArmInfo FinRating: Armenian banks are trying to return to stable  profit growth through lendingArmInfo FinRating: Armenian banks are trying to return to stable  profit growth through lending
Daniel Azatyan elected new chairman of Union of Banks of ArmeniaDaniel Azatyan elected new chairman of Union of Banks of Armenia
To improve business environment Economy Minister proposes to make  English official, but not state, languageTo improve business environment Economy Minister proposes to make  English official, but not state, language
Despite all security challenges, we have no problems with  macroeconomic stability - PashinyanDespite all security challenges, we have no problems with  macroeconomic stability - Pashinyan

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