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Bloomberg Global finance ministers and central bankers pledged to step up their efforts to support growth, as chances rise of a broader slowdown and risks including refugee crises and a potential U.K. exit from the European Union threaten the world economy. “Downside risks to the global economic outlook have increased since October, raising the possibility of a more generalized slowdown ...

GENEVA / AP Two figures from the main Syrian opposition team to the peace talks in Geneva said that they have rejected a suggestion that was put forward by the UN special envoy to Syria in which President Bashar Assad would stay in power during a transitional period and the opposition would choose three vice presidents. The UN envoy to ...

BLOOMBERG Saudi Arabian stocks led declines across most Gulf Arab equity markets as investors await the outcome of a gathering of major oil producing nations in Doha. The Tadawul All Share Index dropped 1.5 percent, the most in two weeks. Dubai’s DFM General Index lost 0.7 percent as the Bloomberg GCC 200 Index, which tracks the largest and most liquid ...

  Abu Dhabi / WAM The records set by the general index of confidence in the business climate and its sub-indexes in 2015 shows a continuous positive outlook. According to the index survey and statements of respondents, Khalifa Bin Salem Al Mansoori, ADDED Acting Undersecretary noted, the key factors that have their effects on the evaluation of business establishments of the ...

  DUBAI / WAM In a far-reaching move to tackle hazardous liquid pollution at its flagship Jebel Ali Port, DP World UAE Region signed a Memorandum of Understanding (MoU) with the Department of Planning and Development – Trakhees, the regulatory arm of Ports, Customs and Free Zone Corporation in Dubai, PCFC, to enforce the International Convention for the Prevention of ...

  ABU DHABI / WAM A student from the Masdar Institute of Science and Technology capitalised on the latest technological advances in computer science and signal processing to innovate one of the UAE’s oldest and cherished pastimes – camel racing. Recognising the novelty and potential commercial applications of the student-led innovation, Masdar Institute has filed a provisional patent with the ...

  London / WAM Dubai Electricity and Water Authority (DEWA) won the Cyber Risk Strategy of the Year award at the Global Risk Management Awards in London. The award was presented by The Institute of Risk Management (IRM) in the UK, a leading global organisation in setting risk management standards and recognising global best practices. Saeed Mohammed Al Tayer, MD ...

  Dubai / Emirates Business Credit card holders in Dubai and Northern Emirates will soon be able to settle their card payments in over 150 petrol and Zoom outlets, making it easier to pay their bills at any time of the day. The new service is initiated by Wall Street Exchange and the retail divison of Emirates National Oil Company ...

  New Delhi / Bloomberg Infosys Ltd. forecast better-than-expected sales growth this fiscal year, as India’s second largest software exporter captures new contracts for information technology services. Sales will rise between 11.8 percent and 13.8 percent in US dollar terms for the 12 months ending March, the Bangalore-based company said. That compares with the 10.5 percent to 12.5 percent median ...

AFP The International Monetary Fund said that the fiscal projections underpinning Greece’s proposals for moving ahead in its bailout programme are not realistic. Poul Thomsen, director of the IMF’s European Department, raised questions about the forecast that Greece could maintain a 3.5 percent budget surplus for years as part of its plan for debt relief from European Union creditors. “We ...