The 'Sharaka' platform, commissioned to support the private sector in matters of undisputed payments from the public sector, has been permanently established with a long-term goal.
All eligible dues between March 2020 and March 2021 were cleared within 15 days in accordance with the Abu Dhabi Executive Council’s decision to speed up the payment process, as part of the Economic Stimulus Package announced last year.
Mohamed Ali Al Shorafa, Chairman of the Department of Economic Development, indicated that the Department is currently working with the Economic Collaboration Committee to study any challenges facing the private sector.
He added that the platform has dedicated staff and will provide long-term support for private sector partnerships with the public sector.
The goal is to develop direct solutions, as part of the Abu Dhabi development accelerators programme 'Ghadan 21', and to alleviate the burden imposed by the COVID-19 pandemic.
These measures hope to increase the private sector’s contribution to Abu Dhabi’s GDP and enhance the Emirate’s status as a preferred hub for business and investment.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has approved plans to create 178,000 jobs and aims to attract 39.3 million tourists.
Sam Bankman-Fried has been sentenced to 25 years in prison for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind's dramatic downfall.
Sam Bankman-Fried, the former billionaire cryptocurrency wunderkind, is set to be sentenced on Thursday over his conviction for stealing $8 billion from customers of the now-bankrupt FTX exchange he founded.
ADNOC has announced the start of crude oil production from its Belbazem offshore block, which is operated through a joint venture with China National Petroleum Corporation (CNPC), called Al Yasat Petroleum.
Shares of Donald Trump's Trump Media & Technology Group surged as much as 59 per cent on Tuesday in their Nasdaq debut, lifted by the former US president's supporters and providing him a potential windfall as he grapples with the costs of several legal cases.