SINGAPORE / WAM Abu Dhabi Securities Exchange (ADX) represented by Acting Chief Executive Khalifa Salem Al Mansouri, has participated in the 7th edition of the World Islamic Banking Conference (WIBC) Capital Markets Summit Asia that concluded in Singapore. Under the theme ‘stre-ngthening investment outlook through robust capital markets’ the GCC-Asean investment forum was attended by more than 250 professionals. The ...

Bloomberg An attack on a Libyan detention centre that killed at least 44 people may constitute a war crime, a United Nations envoy said, adding to international pressure to end a battle for the capital that’s threatening to tear the North African Opec member apart. Libya’s UN-backed government accused eastern commander Khalifa Haftar of ordering an overnight airstrike that hit ...

Bloomberg Iran warned it will restore a mothballed reactor and step up enrichment if European nations fail to offer it economic guarantees by a July 7 deadline, escalating a crisis that threatens to collapse the 2015 nuclear accord and plunge the Gulf into renewed uncertainty. “If you don’t meet all your commitments according to the timetable and plans, the Islamic ...

Bloomberg Rahul Gandhi announced his resignation as leader of India’s opposition Congress party, taking responsibility for its dismal result in the recent national election, which saw PM Narendra Modi returned for a second term with an increased majority. “Rebuilding the party requires hard decisions and numerous people have to be made accountable for the failure of 2019,” Gandhi wrote in ...

Bloomberg The US denounced as “coercive acts” Chinese anti-ship missile tests in the disputed South China Sea, underscoring continued strategic tensions between the two Pacific powers even as they restart trade talks. China fired at least one missile into the sea over the weekend and was expected to continue testing through a launch window that continued until on Wednesday, NBC ...

Bloomberg Russia said some crew members survived a fire that killed 14 sailors on a submersible research vessel, as the Kremlin refused to say whether a nuclear-powered submarine was involved. The sailors who died in the country’s worst naval incident in more than a decade “behaved like heroes” to save other crew members and the vessel, Defense Minister Sergei Shoigu ...

Bloomberg Authorities ordered more than 700,000 people in Kagoshima in Japan’s southern island of Kyushu to evacuate from record rains that are forecast to last for the next several days. The Japan Meteorological Agency has called for “severe caution” toward potential landslides and flooding. The agency said that it may issue an “emergency warning,” used for weather events that occur ...

Bloomberg The US Commerce Department imposed duties of more than 400 percent on steel imports from Vietnam, accusing some businesses of shipping products from the Southeast Asian nation to evade the levies in a further escalation of tension between the two trading partners. In three preliminary circumvention rulings on Vietnamese steel, the Commerce Department said certain products produced in South ...

Bloomberg China is considering buying some US agricultural products as a gesture of goodwill amid the resumption of trade talks between Beijing and Washington, though the volume is likely to be smaller than before, according to people familiar with the situation. Purchases could include soybeans, corn and meat , according to the people, who asked not to be identified as ...

Bloomberg Japanese Prime Minister Shinzo Abe said he doesn’t see a need to raise the nation’s sales tax beyond 10 percent over the next 10 years, a stance that could hamper the government’s efforts to put the nation’s finances in order. “I don’t think there’s a need to raise it for the foreseeable future, for example, the next 10 years ...