Bloomberg Prime Minister Shinzo Abe’s decision to stick with Bank of Japan Governor Haruhiko Kuroda indicates that powerful stimulus will continue, and the yen’s recent advance could make policy normalization even more remote. That’s the message from a Bloomberg survey of 26 economists following Abe’s nomination of Kuroda and new deputies Masayoshi Amamiya and Masazumi Wakatabe. Only three say the ...

Bloomberg The World Bank said the Philippines’ monetary policy stance is appropriate for now even as inflation is set to breach the central bank’s target this year. “Keeping the interest rate flat for now is presently the most appropriate response,” Birgit Hansl, a World Bank economist in Manila, said in an emailed response to questions last week. “If inflationary pressures ...

Abu Dhabi / WAM On behalf of the Abu Dhabi Government, the Abu Dhabi National Oil Company (Adnoc) on Sunday signed an agreement with Cepsa, a Spanish integrated oil and gas company, awarding it a 20 percent stake in Abu Dhabi’s offshore SARB and Umm Lulu concession. The choice of Cepsa, which is wholly-owned by Abu Dhabi’s Mubadala Investment Company ...

DUBAI / Reuters Careem said on Sunday it had acquired RoundMenu and would start trialing food delivery services through the restaurant listing and reservation online platform this month. The Dubai-based ride hailing firm acquired the website and app for an undisclosed sum. “Careem will begin testing a delivery capability for RoundMenu customers on a small scale later this month,” it ...

Abu Dhabi / WAM The UAE Space Agency and the International Astronomical Centre (IAC) announced a joint campaign to monitor China’s Tiangong-1 Space Laboratory as it falls back to Earth. The fall is expected to take place in mid-March in areas between 43 degrees north and south latitude, which include most of the Arab region. The UAE Space Agency confirmed ...

DUBAI / Emirates Business OSN, the Middle East and North Africa region’s leading entertainment network, has signed the first partnership deal in the region with Netflix — the world’s leading internet entertainment service — marking a bold first step for industry collaboration and integration. The partnership comes amid a shifting global media landscape that sees demand for relevant and exclusive ...

ABU DHABI / WAM Abu Dhabi will host the Sustainable Business Leadership Forum on February 21 and 22. Organised by the Abu Dhabi Sustainability Group (ADSG) forum attendees will discuss the theme, “Taking Nature into Account,” with the participation of 200 executive directors, sustainability experts and decision-makers from various institutions in the UAE and the region. The forum will discuss ...

Bloomberg As tensions escalate between Russia and the US, the nuclear-armed former Cold War rivals are risking the future of decades-old arms control agreements that have helped to keep a strategic balance and prevent the risk of accidental war. The conflict played out at a global security conference in Germany where Russia aired grievances about the US and the Trump ...

Bloomberg President Donald Trump rebuked his national security adviser, H.R. McMaster, saying in a tweet that his aide had neglected to defend his 2016 victory when discussing US claims that Russia meddled in the election. “General McMaster forgot to say that the results of the 2016 election were not impacted or changed by the Russians and that the only Collusion ...

Bloomberg President Donald Trump has criticized the FBI after the agency disclosed that it failed to follow up on a detailed warning about the 19-year-old gunman who is charged with killing 17 people and wounding a dozen others at a Florida high school on Wednesday. “Very sad that the FBI missed all of the many signals sent out by the ...