Bloomberg JPMorgan Chase & Co., Wells Fargo & Co. and Comerica Inc. are among banks waiving ATM fees for Houston-area customers following flooding from Hurricane Harvey. JPMorgan will also forgo collecting late fees for mortgage, credit card, business banking and auto loans, and will temporarily suspend monthly service and overdraft charges on deposit accounts, the firm said. Wells Fargo also ...
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Ghana banks on IMF backing for growth
Bloomberg Ghana’s President Nana Akufo-Addo is banking on good news from the International Monetary Fund after his predecessor derailed an economic recovery plan through overspending. As the nation awaits the outcome of a review from the Washington-based lender, which may come as soon as Wednesday, on reforms since Ghana entered a $918 million credit programme with the lender in 2015, ...
Read More »Euro rises above $1.20 for first time in two years
Bloomberg The euro advanced to its strongest level in more than two years, hours after North Korea fired a ballistic missile over Japan. Core European bonds rallied as risk-off sentiment spread across the globe. Europe’s common currency gained for a third day even as South Korean President Moon Jae-in ordered a show of force in response, which traders said highlighted ...
Read More »Georgian billionaire sues Credit Suisse in Singapore, NZ
Bloomberg Georgian billionaire Bidzina Ivanishvili sued Credit Suisse Group AG in Singapore, New Zealand and Bermuda, alleging the bank must have known about the actions of a former employee who forged trades to cover losses from other customers’ accounts. Ivanishvili, an ex-prime minister of the former Soviet republic, filed the claims in Auckland at the New Zealand High Court on ...
Read More »UNHCR: UAE has played leading role in humanitarian relief
DUBAI / WAM A total of AED151 billion ($41 billion)was invested by foreigners in Dubai property market in 18 months, according to the Dubai Land Department. The DLD revealed the figure while announcing a list of the top10 nationalities that invested in the emirate’s realty market between January 2016 and the end of June 2017. The new list confirms that ...
Read More »Foreigners invest $41bn in Dubai realty market
DUBAI / WAM A total of AED151 billion ($41 billion)was invested by foreigners in Dubai property market in 18 months, according to the Dubai Land Department. The DLD revealed the figure while announcing a list of the top10 nationalities that invested in the emirate’s realty market between January 2016 and the end of June 2017. The new list confirms that ...
Read More »Mohammed: UAE proud of martyrs’ mothers
Abu Dhabi / WAM HH Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, said that the UAE, under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, is proud of the mothers of its martyrs, as they are honourable role models for Emirati daughters, because ...
Read More »Abu Dhabi ‘leading overseas luxury MICE destination’
Abu Dhabi / WAM Abu Dhabi has been named as the ‘Leading Overseas Luxury MICE Destination’ at the prestigious China Travel and Meeting Industry Awards held in Beijing, China. The emirate was nominated alongside over 40 destinations, including Las Vegas and France, and the award was presented to Abu Dhabi Tourism and Culture Authority (TCA Abu Dhabi), representatives at a ...
Read More »Sheikha Fatima: UAE woman merits the trust placed in her capabilities
ABU DHABI / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, Supreme Chairwoman of the Family Development Foundation and President of the Supreme Council for Motherhood and Childhood, has corroborated the paramount importance of the National Strategy for Empowerment of Emirati Women in the UAE 2015-2021 which, she affirms, charts a clear-cut pathway for all state ...
Read More »â€˜We derive strength and determination from you’
Abu Dhabi / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, Supreme Chairwoman of the Family Development Foundation and President of the Supreme Council for Motherhood and Childhood, has sent a message to the mothers of the martyrs on the occasion of UAE Women’s Day. In a mobile text message, Her Highness Sheikha Fatima expressed her ...
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