UAE and UK officials discuss joint efforts to combat illicit financial flows

UAE Minister of State Ahmed Al-Sayegh and UK Minister of State for Security Dan Jarvis met in Abu Dhabi to discuss the UAE-UK partnership in tackling illicit financial flows. (WAM)
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Updated 04 March 2025
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UAE and UK officials discuss joint efforts to combat illicit financial flows

  • Both parties reaffirmed their shared commitment to promoting transparency, strengthening regulatory frameworks, and upholding international standards

ABU DHABI: UAE Minister of State Ahmed Al-Sayegh and UK Minister of State for Security Dan Jarvis met in Abu Dhabi to discuss the UAE-UK partnership in tackling illicit financial flows, Emirates News Agency reported on Tuesday.

The high-level meeting brought together senior representatives from both nations to explore key areas of cooperation, including financial security, anti-money laundering measures, and emerging risks in the global financial system.

Both parties reaffirmed their shared commitment to promoting transparency, strengthening regulatory frameworks, and upholding international standards in the fight against financial crimes.

They also emphasized the importance of joint initiatives and knowledge exchange in fostering a secure and resilient financial ecosystem.

Jarvis said: “The government understands the importance of international cooperation in tracking, intercepting, and stopping the flow of illicit funds between the UK and UAE. This partnership remains critical to our nations’ missions for countering global crimes and protecting national security, which is the foundation of our Plan for Change.”


Morocco’s energy ministry puts gas pipeline project on hold

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Morocco’s energy ministry puts gas pipeline project on hold

  • The country’s natural gas demand is expected to rise to 8 billion cubic meters in 2027 from around ‌1 bcm currently, according to ministry estimates

RABAT: Morocco’s energy ministry said on Monday it has paused a tender launched last month ​for a gas pipeline project, without giving details on the reasons for the suspension.
The tender sought bids to build a pipeline linking a future gas terminal at the Nador West Med port ‌on the Mediterranean ‌to an existing ‌pipeline ⁠that ​allows ‌Morocco to import LNG through Spanish terminals and supply two power plants.
It also covered a section that would connect the existing pipeline to industrial zones on the Atlantic in ⁠Mohammedia and Kenitra.
“Due to new parameters and assumptions ‌related to this project... the ‍ministry of ‍energy transition and sustainable development is ‍postponing the receipt of applications and the opening of bids received as of today,” the ministry said in a statement.
Morocco ​is looking to expand its use of natural gas to diversify ⁠away from coal as it also accelerates its renewable energy plan, which aims for renewables to account for 52 percent of installed capacity by 2030, up from 45 percent now.
The country’s natural gas demand is expected to rise to 8 billion cubic meters in 2027 from around ‌1 bcm currently, according to ministry estimates.