Panama's government has announced they will create a committee of experts to recommend ways to boost financial transparency. This comes after the leak of the "Panama Papers," 11.5 million documents that reveal how the law firm Mossack Fonseca helped some clients evade taxes and avoid sanctions. Panama president, Juan Carlos Varela said the report will be shared with other countries so the nations can move together towards further transparency.
Dubai Holding signs single largest building contract valued at AED 5 billion
Dubai Holding has signed the single largest building contract valued at AED 5 billion for the Group's new headquarters and Jumeirah Residences Emirates Towers.
DP World strengthens Kenya commitment with new industrial park
DP World and Kenya-based GulfCap Africa have signed an agreement to develop the Mombasa Industrial Park, a planned 222-hectare Special Economic Zone in Kenya.
Trade through Dubai’s Hatta crossing surges 175%
Dubai’s Hatta Customs Crossing recorded a major increase in trade during the first half of 2026, with the value of goods passing through the crossing rising 175 per cent year-on-year.
AED 11.6 million in licence penalties waived for Abu Dhabi businesses
The Abu Dhabi Registration Authority (ADRA) says more than 7,800 businesses have benefited from an initiative waiving fines for late renewal of economic licences.
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