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  London / AFP Britain’s shock EU withdrawal could cause an economic crisis, a top banker warned on Thursday, adding it was “far from certain” London would secure its exit demands in Brussels. “This is a political crisis that has the potential to create an economic one,” said John McFarlane, chairman of Barclays bank and head of finance lobbyists TheCityUK. ...

  DUBAI / Bloomberg From commuter trains to highways, Dubai is doubling down on its bet that investments in transportation will spur the emirate’s economy. Dubai expects to solicit bids within eight months for road projects worth as much as four billion dirhams ($1.1 billion) as part of a bigger drive to upgrade transport links in the city, Mattar Al ...

  Bloomberg Abu Dhabi bonds jumped after the emirate announced plans to combine two of its biggest investment companies, stoking bets the emirate will provide more support for its government-related entities. Abu Dhabi National Energy Co.’s debt maturing 2024 rose the most since December 2014 on Wednesday, the day the government said it will merge International Petroleum Investment Co., also ...

  ABU DHABI / WAM The Securities and Commodities Authority (SCA) announced that financial markets will be closed from July 5-9, on the occasion of Eid Al Fitr. It will resume trading on July 10. The authority announced the holiday based on circular No. 25 of year 2016, issued by the Federal Government Human Resources Authority, after coordination with the financial ...

  Since the Brexit vote, Europe’s populists — and the Scottish and Irish losers of the U.K. ballot — have had referendums on their mind. What if they, too, get lucky the way Brexiteers did? Simultaneously, there’s a predictable backlash against plebiscites from the intellectual elite: How can people be allowed to give binary answers in complex situations they don’t ...

Britain’s epochal decision to leave the European Union prompted Australia’s political leaders to re-emphasise their economic security credentials ahead of the election on July 2. No doubt, Brexit weighs on cousin-state of Australia despite geographic distance. It is added to the list of scare campaigns by main parties to canvass votes through suggesting who could better weather the global uncertainty ...

  Dubai / WAM Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of Dubai’s maritime sector, announced the launch of the Dubai Maritime Cluster Office, which is aimed to help support efforts directed in helping realise the objectives of the Dubai Maritime Sector Strategy (MSS) to make the emirate a leading global maritime ...

  Dubai / WAM Dubai-based flydubai has announced the addition of two new flights a week between Dubai and Bucharest, and will now fly daily to the Romanian capital. “We are delighted to announce our daily flights to Bucharest,” said Ghaith Al Ghaith, Chief Executive Officer of flydubai. “At flydubai, we are committed to expanding connectivity to destinations that have historically ...

  Dubai / Emirates Business Etihad Cargo, the freight division of Etihad Airways, launched a unique, new travel offer for guests who want to travel with their luxury car over the Summer period. Drivers can enjoy up to 20% off air cargo rates and their seat, when they book in First or Business Class. The cargo section for the national ...