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Sharjah Ruler allocates AED2.5mn to enrich emirate’s libraries

SHARJAH / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has ordered the allocation of AED2.5 million to purchase books from participating publishers at the ongoing edition of the Sharjah Children’s Reading Festival (SCRF 2018). The books to be purchased will be selected from the latest publications at the SCRF, and ...

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Retirees honoured for their vast contribution to Adnoc’s growth

Abu Dhabi / WAM The Abu Dhabi National Oil Company (ADNOC), has honoured the vast contributions of its retirees to the growth and development of ADNOC. At an event to launch the ADNOC Pioneers alumni programme, ADNOC brought together more than 700 retirees in its first event in recognition of the company’s retirees’ contributions to the success of the company. ...

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Trump-state Senate Democrats raise more than GOP challengers

Bloomberg Senate Democrats in this year’s toughest re-election races raised more than twice as much as their Republican opponents during the first quarter of 2018, while the GOP burned resources on primary fights in multiple states. The 10 Democratic incumbents running in the November election from states won by President Donald Trump raised a combined $24.4 million in the first ...

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‘Irish Brexit border answer may not come until 2021’

Bloomberg Brexit Secretary David Davis suggested the thorny question of how to avoid a hard border with Ireland might still not be resolved when the UK leaves the European Union next March. He said a solution for the border won’t really be needed until the end of the Brexit transition period on January 1, 2021 because the UK will effectively ...

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Serb president delays Kosovo deadline to give a better shot

Bloomberg Serbian President Aleksandar Vucic said a deal with Kosovo, the biggest hurdle to his country joining the European Union, isn’t imminent as both sides remain far apart, forcing him to delay his goal to unveil the proposal within weeks. Vucic said more time was needed to get world powers — including the EU and the US — to pressure ...

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Trump’s travel ban reaches high court amid claims of Muslim bias

Bloomberg The US Supreme Court will directly confront President Donald Trump’s travel ban for the first time with arguments being made in a case that could redefine the president’s power to control the nation’s borders. Four months after letting the ban take full effect during the litigation, the justices were expected to weigh opponents’ contentions that the policy unconstitutionally singles ...

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Stocks turn mixed as optimism ‘hijacked’ by rates; dollar rises

Bloomberg US stocks pared losses as investors mulled the impact of rising US bond yields and disappointing earnings. The dollar resumed its rally, climbing to the highest in three months. “The sharp sell-off in rates has hijacked market sentiment,” Mark McCormick, the North American head of foreign-exchange strategy at Toronto-Dominion Bank, wrote in a note to clients. “The 3% level ...

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Metal markets regain strength as aluminum supply becomes steady

Bloomberg After three weeks of intense volatility, metal markets seem to be calming down. Aluminum steadied after a four-day selloff that accelerated after the US decision to ease sanctions against United Co. Rusal. Nickel advanced as the Philippines moved forward with a plan to limit the area of land miners are permitted to exploit. Most other metals were little changed. ...

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Reading is key to development of knowledge transfer in region

Abu Dhabi / WAM Held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the 28th edition of Abu Dhabi International Book Fair (ADIBF), was officially inaugurated on Wednesday by His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and ...

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Dubai records 4.7mn international overnight visitors in Q1

DUBAI / WAM Dubai’s tourism sector rallied strongly, steadily picking up pace through the first three months of 2018 in light of growing currency pressures as it continued to retain and grow share across global markets. Welcoming 4.7 million international overnight tourists from January-March 2018, the emirate posted a stable 2 percent increase in traffic versus the same period last ...

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