News

  Bloomberg Argentina’s government published the detailed plan for reducing its fiscal deficit and central bank financing as part of its pending $45 billion deal with the International Monetary Fund. The agreement with IMF staff has now been submitted to Argentina’s congress and will go before a vote sometime in the coming weeks. The country will receive 7 billion ($9.8 ...

  Bloomberg WeWork Inc is in discussions to raise new equity, according to people with knowledge of the matter, after the co-working company’s shares fell by more than half since its October public debut. The stock plunged to a record low on the news. The talks were kick-started by investor interest, said one of the people, who like the others ...

Bloomberg On a freezing winter morning, Europe woke up to a shock. Russia had cut off gas to Ukraine. Companies started reporting drops in supplies via the transit country. Calls to reduce energy dependence on Moscow resonated across the continent. That was in January 2006. Sixteen years on, through another supply crisis and then Russia’s annexation of Crimea, the European ...

  Bloomberg Oil climbed, ending a week in which it swung by more than $20 a barrel after Russia’s invasion of Ukraine roiled global markets and fueled fears of a supply crunch. Futures in New York and London were up about 3% on Friday. Brent, the global benchmark, has traded in the biggest range since the launch of the futures ...

  ABU DHABI / WAM The UAE has sent a plane carrying 46 tonnes of food supplies to Malawi, as part of the UAE’s ongoing assistance to friendly countries. This supports their efforts to meet children’s needs for food and nutritional supplements in the African nation. “Sending essential food supplies to the friendly Republic of Malawi is an embodiment of the ...

  DUBAI / WAM The month of February saw the Dubai Gold & Commodities Exchange (DGCX) registered trades with a total value of $13.681 billion, as global markets responded to rising inflation, mounting oil prices as well as the Russian — Ukrainian conflict, which resulted in continued volatility during the last week of the month. The exchange registered a monthly ...

  DUBAI / WAM Dubai Chamber of Commerce recently hosted a delegation from the Tanzania Chamber of Commerce, Industry & Agriculture at its headquarters, where it shared best international practices adopted in digital services, membership and smart transformation. Atiq Juma Nasib, Senior Vice President for Commercial Services at Dubai Chamber of Commerce; and Abdulla Al Theeb, Director of Membership and ...

  DUBAI / WAM The Federation of UAE Chambers of Commerce & Industry has held a working meeting with officials of the Chamber of Commerce and Industry of the Kyrgyz Republic and major Kyrgyz companies. During the meeting, the parties discussed ways to develop and strengthen trade and investment markets between the UAE and Kyrgyzstan. Humaid Mohammed bin Salem, Secretary-General ...

  DUBAI / WAM Dubai International Boat Show (DIBS) is set to return from March 9-13, uniting the global maritime and leisure industry and underlining the importance of sustainability with a range of interactive features and 34 launches throughout the five-day show. Running at its new Dubai Harbour home, the 28th edition of the showcase is the Mena yachting industry’s ...

  DUBAI / WAM Dubai Customs, represented by the Corporate Communication Department, has distributed 443 free one-day admission tickets for passengers arriving at the emirate’s air, sea, and land ports. The Expo tickets are given to passengers coming to Dubai through Hatta Border Crossing, Dubai Airports and onboard cruises at Port Rashid. “It is part of our ongoing support to ...