Bloomberg Legal & General Group Plc completed a $5.7 billion buy-in with the British Airways pension scheme in what it says is the largest-ever deal of its kind in the UK. The deal covers almost 22,000 pensioners and it includes the conversion of existing longevity insurance into a so-called bulk annuity. The company expects to announce further transactions in the ...

Bloomberg Trade ministers for the world’s 20 largest economies said that they found an ‘urgent need’ to reform the World Trade Organization (WTO). Member nations recognize the need to ‘step up dialogue’ to mitigate risks, enhance confidence in global trade, and improve the WTO, they said in a statement released following meetings in Mar del Plata, Argentina. The meetings included ...

Dubai / WAM The Dubai Competitiveness Office (DCO), in the Department of Economic Development (DED), Dubai, has announced plans to launch ‘The Future of Competitiveness Platform,’ the first interactive digital platform of its kind, which will track competitiveness data and indicators worldwide and benchmark Dubai’s competitiveness to support decision-making in the local public and private sectors. Set to be launched in ...

DUBAI / WAM The Ministry of Finance, in collaboration with the World Bank Group (WBG), has held a roundtable discussion to strengthen financial coordination between the health and education sectors in the presence of representatives from the Central Bank of UAE. The sessions was opened by ministry officials, followed by a presentation by the WBG’s team led by Naoko Kojo. ...

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) will host the annual meetings of the Arab Federation of Exchanges (AFE) in Abu Dhabi on September 16-17 in the presence of a number of CEOs of member stock exchanges and general managers of Clearing Settlement and Depository centres in the Arab world. The two-day meetings will discuss issues and aspects ...

Sharjah / WAM In line with Sharjah’s development and strategic objectives to enhance economic diversification, the Sharjah FDI Office (Invest in Sharjah) concluded its participation in three leading global investment events which were held in Xiamen and Shanghai, China. The three exhibitions set the stage for discussions on common investment and business interests between both parties and presented “Invest in ...

CALIFORNIA / WAM A high-level UAE delegation, headed by Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, has concluded a successful visit to the state of California, United States. The prime goal of the visit was to participate in the Global Summit on Climate Action in San Francisco, California, where decision makers from around the world ...

Abu Dhabi / WAM The Under-Secretary-General of the United Nations Counter-Terrorism Office has hailed the significant efforts made by the UAE to counter terrorism and violent extremism as well as the country’s endeavours to promote the values of peaceful co-existence, tolerance and pluralism. Vladimir Ivanovich Voronkov, currently visiting the country, made the statements when he was received along with his ...

Abu Dhabi / WAM A Memorandum of Understanding (MoU) has been signed by Abu Dhabi National Insurance Company (Adnic) and the UAE Genetic Diseases Association (GDA) to support the prevention of genetic disorders across the UAE. The signing took place in the presence of Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, and President of the UAE Genetic Diseases Association; Noura ...

Ajman / WAM His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, and Chairman of the emirate’s Executive Council, has launched an interactive maps initiative, a project of the Ajman Statistics and Competitiveness Centre, which seeks to transform the emirate’s data from the macro to mezzo level. Rolled out with the support of the Ajman Statistics and ...