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Abu Dhabi / WAM Abu Dhabi Islamic Bank (ADIB) presented its outlook on the regional and global investment climate to its top private banking clients at a number of events in Abu Dhabi, Dubai and Al Ain. Senior ADIB executives from ADIB’s Private Banking arm explained to clients how to manage wealth effectively in times of economic and political volatility. ...

Abu Dhabi / WAM Dr. Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, received here on Sunday Minister of Foreign Affairs of New Zealand, Murray McCully. The meeting discussed bilateral relations and ways to enhance them, the outcome of the recent visit of H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation to ...

ABU DHABI / WAM The current slump in the world oil prices poses a real challenge to oil exporting countries but did not have any impact on the UAE’s economy, thanks to the economic diversification policy adopted by the country, Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy, affirmed on Sunday. “Low oil prices should create investment opportunities ...

ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, has said that the tourism sector is an important part of the national economy and a core pillar of economic diversification policy of the state. In an interview with the Emirates News Agency (WAM), the Economy Minister said that the inclusion of the National Council for Tourism in ...

DUBAI / emirates business Within the context of strengthening cooperation with educational institutions in the UAE and developing an organizational framework to develop such cooperation, the Mohammed bin Rashid Space Centre (MBRSC) has signed a Memorandum of Understanding (MoU) with American University of Sharjah (AUS) to develop Emirati human resources qualified to work in the fields of space science and ...

Belgium / AFP Brussels Airport reopened on Sunday with three “symbolic” flights and strict additional checks for passengers, marking a new high-security era for air travel in Belgium after attacks by IS suicide bombers. The key travel hub has been closed since two men blew themselves up in the departure hall on March 22 in coordinated blasts that also struck ...

Washington / AFP US presidential primaries spark back to life on Tuesday after an eventful 10-day break with clear frontrunners Donald Trump and Hillary Clinton both facing the real possibility of losing in Wisconsin. Defeat in the north-central state isn’t likely to immediately change the course of the overall nominating contest, but it could serve as an indicator of the ...

SHANGHAI / Reuters A controversial India-backed giant coal project near Australia’s Great Barrier Reef was on Sunday awarded mining leases, but developer Adani said it would not commit to a final investment decision until legal challenges against it were resolved. The Queensland state government said the Aus$21.7 billion (US$16.7 billion) project to build one of the world’s biggest mines was ...

Tokyo / Bloomberg Japan will need economic measures in the second half of the current fiscal year after Prime Minister Shinzo Abe said the government will front-load budget spending, according to the vice president of the ruling Liberal Democratic Party of Japan. Implementing this year’s budget quickly will help address Japan’s weak consumer spending, said Masahiko Komura. “Then naturally there ...

London / Reuters Britain said on Sunday that UK steel producers must be considered for infrastructure and other government contracts involving steel supplies, as part of plans to find a long-term solution to a crisis in the industry. The government is looking for ways to support domestic steel producers after India’s Tata Steel put its loss-making British plant up for ...