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Bloomberg Argentina is considering using new reserves to be issued by the International Monetary Fund (IMF) to make a payment due to the lender in September, a move that would allow more time to overhaul an outstanding $45 billion loan. The new IMF reserve assets, called special drawing rights, or SDRs, would give cash-strapped Argentina fresh funding to pay the ...

Bloomberg The European Union’s (EU) fiscal rules should be adapted to allow for more spending to boost growth as countries struggle to pull their economies out of pandemic-induced recessions, according to the bloc’s top economic official. EU Economic Affairs Commissioner Paolo Gentiloni, speaking at the European Fiscal Board’s annual conference, reiterated calls to withdraw public support very gradually in order ...

DUBAI / WAM The 2021 ministerial retreat concluded on Wednesday with a new edition of the National Agenda and strategic projects to boost the country’s competitiveness and speed up development in the next 50 years. The two-day retreat, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, and ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, received a letter addressed to President His Highness Sheikh Khalifa bin Zayed Al Nahyan, from Nawaf Al Ahmad Al Jaber Al Sabah, the Emir of Kuwait. The letter was delivered on Wednesday by Kuwaiti Foreign Minister Ahmed ...

Abu Dhabi / WAM The Ministry of Defence (MoD) and Tawazun Economic Council (Tawazun) have signed an MoU to establish and organise Research and Development (R&D) planning and execution for the defence and security sectors. The MoU was signed by Major-General Staff Pilot Ishaq Saleh Al-Balushi, Assistant Undersecretary for Industries, Ministry of Defence and Tareq Abdulraheem Al Hosani, Chief Executive ...

Abu Dhabi / WAM The United Arab Emirates will celebrate, on Thursday, the 60th National Day of Kuwait, which underscores the close ties and strong strategic partnership between the two countries. The UAE will host a series of distinguished activities to celebrate the annual National Day of Kuwait, which takes place on February 25. The celebrations will include illuminating the ...

Bloomberg Joe Biden and Canadian Prime Minister Justin Trudeau said their nations would adopt a unified approach toward the pandemic, climate change and China, setting aside trade and other tensions in what the White House called the new US president’s first bilateral meeting. After about a two-hour virtual meeting between the two leaders and their staffs, Biden said that they ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, honoured the Emirates Mars Mission “Hope Probe” team of more than 200 engineers on ...

Abu Dhabi / WAM Masdar, a global leader in sustainable innovation and development, and a subsidiary of Mubadala Investment Company, has announced the opening of a Covid-19 vaccination centre in Masdar City, Abu Dhabi. The new centre is part of the Mubadala Health network of Covid-19 vaccination centres and supports the Ministry of Health and Prevention (MoHAP) and the Department ...

Abu Dhabi / WAM Etisalat Group announced on Tuesday that its twelve month ending December 31, 2020, consolidated revenues reached AED51.7 billion, while consolidated net profit after Federal Royalty amounted to AED9 billion, an increase of 3.8 percent compared to last year. The group’s board of directors proposed dividend payout of 40 fils per share for the second half of ...