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DUBAI / WAM Etihad Credit Insurance (ECI), inked a Memorandum of Understanding (MoU) with the National Bank of Ras Al Khaimah (Rakbank), to assist local SMEs in accessing international markets via a number of financial services and educational tools. Under the agreement, UAE-based businesses will gain access to a portfolio of financial services and solutions such as trade credit insurance ...

ABU DHABI / WAM The Abu Dhabi Judicial Department (ADJD), adopted an interactive writ of summons in Arabic and Chinese, after adopting writs in other languages, including English and the Indian language, which will enable foreigners to learn about local litigation procedures. Yousef Saeed Al Abry, Under-Secretary at the ADJD, stated that the department’s efforts, upon the directives of HH ...

Abu Dhabi / WAM Masdar, Abu Dhabi Future Energy Company, has announced that its renewable energy portfolio has grown by 33 percent over the past year, reaching four gigawatts (GW), of clean energy in operation and under development across 25 countries. Speaking at the Intersolar Middle East 2019 conference, Yousif Al Ali, Director of Business Growth, Masdar Clean Energy, highlighted ...

Abu Dhabi / WAM Thousands of the world’s foremost experts in road infrastructure, transport and technology will gather in Abu Dhabi this October for the first ever World Road Congress to be held in the Middle East. Held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of ...

Bloomberg China and the US have reached consensus on many “crucial” issues and have discussed the need to observe the “autonomy” of each other’s monetary policy, People’s Bank of China (PBOC) Governor Yi Gang said. “The two sides discussed issues surrounding the yuan including the need to abide by previous commitments made by Group of 20 nations not to engage ...

Bloomberg India’s business titans are facing a worrying new development: in recent weeks, shadow lenders have been cutting them off from a key financing channel. Company founders have long fueled dreams to expand their business empires with loans they get by pledging stakes in their firms. But recent scares have prompted at least two major shadow banks to turn off ...

Bloomberg Confusion around which goods will be subjected to UK import tariffs in a no-deal Brexit is exasperating companies as they seek to finalise preparations for the split. The government will reveal details of the plan only if Prime Minister Theresa May’s deal to quit the European Union is rejected by Parliament next week, an official said, without providing a ...

Bloomberg Spotify Technology SA and other technology giants appealed a ruling that increased the royalties they must pay to songwriters, a move that threatens to further damage the companies’ already-tenuous relationship with the music industry. Songwriters celebrated last year when the Copyright Royalty Board ruled that they will get at least a 15.1 percent share of streaming revenues over the ...

Bloomberg The command center at the Otto Junker GmbH metals plant stands in sharp contrast to the noisy and smelly factory floor, where until just a few weeks ago workers operated various machines individually. The new digs are quiet, there’s no oil stench, and there’s even room for a coffee maker. The downside? The control room boss may end up ...

Bloomberg The fight for the future of Venezuela re-opened on the streets of its capital, with electricity flickering in-and-out around the country for most of the last three days. Juan Guaido, the challenger to President Nicolas Maduro, brought thousands of supporters to the streets of Caracas, though fewer showed up than in late January after the National Assembly he heads ...