New proposals would raise the capital requirements for the largest and most important banks by 9%, down from 19%
Dubai Expo 2020 and the Dubai Aviation City Corporation signed a memorandum of understanding to cooperate and partner on the electronic participants' portal, which is Expo 2020 Dubai's technologically advanced platform that will provide all the government and private services required at Expo 2020.
Dubai Aviation City Corporation will provide all government services required by participants through the portal.
Reem Ibrahim Al Hashemi, Minister of State for International Cooperation and Director-General of Dubai Expo 2020, said: "This agreement is an additional step in our efforts to provide the highest level of services to participants through one interactive platform."
The portal provides participants with technical and service facilities through one integrated terminal, making it easy for Expo 2020 participants to complete the relevant transactions and preparations to be part of this global event.
The services available within the platform include obtaining licences, visas, hotel reservations, applications related to permits, approvals, certificates of accreditation, and other government and private services, that companies need to conduct their business with ease.
Khalifa Al Zaffin, Executive Chairman of Dubai Aviation City Corporation and Dubai South, said: "This smart platform is a great step forward in facilitating customers' access to various services at the push of a button without the need to visit various government departments."
- business@khaleejtimes.com
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