ABU DHABI / WAM Moustapha Niasse, President of the National Assembly of Senegal, said that the UAE is a force of good in the world, because of its efforts to promote social and humanitarian causes and help people suffering from disasters and crises, as well as its development initiatives that have created a difference to the international efforts to limit ...

Bloomberg Euro-area manufacturers saw order growth slow to the weakest pace in two years after renewed concerns over trade prospects hit confidence. Purchasing Managers’ Indexes (PMI) from across Europe signal business sentiment is waning, threatening to harm the economy at a time when price pressures are building after years of subdued growth. Momentum is also weakening in China, while output continued ...

Bloomberg Opec crude production rose in August to the highest level this year as a recovery in Libyan output helped to offset a cut in Iranian exports due to US sanctions. The group’s 15 members, which now include the Republic of Congo, collectively produced 32.74 million barrels a day last month, an increase of 420,000 barrels a day from July, ...

Dubai / WAM Dr. Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development and Chairman of the Board of Directors of the Sheikh Zayed Housing Programme, on Monday launched the 5th Arab Future Cities Summit 2018 in Dubai. The two-day summit was organised by the Ministry of Infrastructure Development and the Sheikh Zayed Housing Programme, in cooperation with “Expotrade ...

Fujairah / WAM National Bank of Fujairah (NBF), announced the expansion of its NBF Islamic portfolio by launching a suite of savings products based on the Islamic principle of Mudaraba. By doing this, the bank complements the existing Sharia’-compliant Murabaha and Wakala deposits by adding savings accounts, fixed-term and dream deposits. Mudaraba is one of the most credible Islamic products ...

Abu Dhabi / Emirates Business HE Sheikh Nahyan bin Mubarak al Nahyan, Minister of Tolerance, on Monday officially inaugurated CPhI Middle East & Africa 2018, the region’s leading platform for the pharmaceutical industry, followed by a tour of the exhibition. This year’s show is making its regional debut in the UAE, taking place at the Abu Dhabi National Exhibition Centre ...

Dubai / WAM The Telecommunications Regulatory Authority (TRA), has held a workshop on “Developments and best practices in the UN E-Government Survey 2018”, at the InterContinental Dubai – Festival City. The forum was divided into two workshops, one focused on e-participation, while the second discussed open and big data and their impact in enhancing digital government orientation. The forum also ...

Abu Dhabi / WAM The UAE will participate in the 15th “China International Small and Medium-Sized Enterprise, (SME), Fair,” which will be held in Guangzhou, the capital of Guangdong Province, China, from October 10-13, through a major commercial delegation. The delegation is being organised by the “SME Council,” through its executive arm, the “National SME Programme,” which operates under the ...

Bloomberg Stocks were steady in Europe on Monday while US futures climbed and emerging market shares dropped as investors assessed the complex outlook for international trade. The pound fell as the UK’s flagship Brexit proposal came under attack. Gains in energy shares were offset by declines in automakers and construction firms in thin trading on the Stoxx Europe 600 Index, ...

Bloomberg Another thousand-point milestone is within reach for India’s benchmark equity index. Following the drubbing earlier this year, the S&P BSE Sensex is nearing the 39,000 level, the gauge’s third round-number mark since surpassing its life-time peak two months ago — a rally that’s helped the gauge cement the tag of Asia’s best performer this year. While there’s optimism that ...