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MANAMA / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, met His Majesty King Hamad bin Isa Al Khalifa of Bahrain at Al Sakhir Palace in Manama. The meeting discussed boosting the historic fraternal ties between the UAE and the Kingdom of Bahrain in various aspects for the ...

DUBAI / WAM The Dubai Gold & Commodities Exchange (DGCX) and Dubai Commodities Clearing Corporation (DCCC) on Saturday announced an expansion to their existing portfolio of metals products with the launch of new base metal products. The two new products, Aluminium Futures and Zinc Futures, will go live March 22. The new products will provide investors with an opportunity to ...

Abu Dhabi / WAM The 9th UAE Conference on Small and Medium Enterprises & Innovation was held in Dubai in the presence of Sultan bin Saeed Al Mansouri, Minister of Economy, and Chairman of the UAE SME Council. Al Mansouri emphasised that the UAE’s progress in accelerating the establishment of a robust SME sector according to highest standards stands out ...

HAJAR / WAM Up to 14,000 eligible Yemenis have benefitted from 2,000 baskets holding 160 tonnes of foodstuffs that have been distributed by the Emirates Red Crescent (ERC) among underprivileged households in the Hajar district in Hadramaut Governorate, as well as in Al Modharaba and Raas Al Aara districts in Lahej. The new aid consignment falls within the continuing efforts ...

Bloomberg Juan Guaido’s first stop after he skipped out of Venezuela last week was Colombia. But after he failed to push food and medicine across the borders to hasten the end of autocratic President Nicolas Maduro’s rule, he headed to Brazil. Now, he’s in Argentina following meetings in Paraguay, and is expected to head to Ecuador on Saturday to be ...

Bloomberg India’s economy slowed considerably last quarter, with little signs of a quick recovery amid rising political tensions with neighboring Pakistan and weaker global demand. Gross domestic product (GDP) rose 6.6 percent in the three months to December from a year ago, lower than the 6.7 percent median estimate in a Bloomberg survey and down from a revised 7 percent in ...

Bloomberg Malaysia plans to halt all expansion of oil palm plantations this year as it seeks to dispel the oil’s reputation as a driver of deforestation. The world’s second-largest producer will cap the area at around 6 million hectares, Minister of Primary Industries Teresa Kok said in an interview. That’s up from 5.85 million hectares at the end of last ...

Bloomberg Donald Trump might have to drop tariffs on steel and aluminum if he wants his new North American trade deal to see the light of day. US lawmakers and business groups are joining Canada and Mexico in pushing the president to lift the so-called Section 232 levies on those nations as, essentially, a condition of enacting the trade deal ...

Bloomberg The US economy was steadier than thought at the end of last year, but it’s probably too soon to give it a clean bill of health for 2019. That’s the main takeaway from the shutdown-delayed report on fourth-quarter gross domestic product, which cooled by less than expected to a 2.6 percent annualized gain thanks to surprisingly robust business investment ...

Bloomberg Daimler AG and BMW AG have agreed to cooperate on developing self-driving cars, the latest move by the luxury-car rivals to share cost as a technology shift shakes up the industry. The German manufacturers have signed a memorandum of understanding to jointly develop the next generation of autonomous-driving technology, which should be market-ready by the middle of the next ...