News

ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi has participated in the 28th edition of the New Delhi World Book Fair in India, alongside publishers and writers from around the world, as part of a promotional campaign for the Abu Dhabi International Book Fair (ADIBF) to attract publishers and enhance links with specialists in the ...

ABU DHABI / WAM HH Lt General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, reviewed the latest preparations for the “Arab Gulf Security 2” exercise, which will start in February in the UAE. During the meeting, Sheikh Saif was briefed about the exercise by members of the High Joint Committee for the Mobilisation ...

Dubai / WAM Following directives from His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai, HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has approved the new salary scheme for employees of the Government of Dubai. The new scheme, effective from ...

SHARJAH / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, on Monday inaugurated the Buhais Geology Park, a pioneering project in the field of ecotourism aimed at introducing visitors to the history of Sharjah’s geology, and the geological importance of Jebel Buhais and the archaeological areas surrounding it. HH Sheikh Sultan bin ...

ABU DHABI / WAM The value of credit facilities provided by banks in Abu Dhabi and Dubai to the business and industrial sectors during the first 11 months of 2019 amounted to AED8.5 billion, or 60.3 percent of the total credit facilities provided to these sectors throughout the country, totalling AED14.1 billion. Statistics issued by the Central Bank of the ...

DUBAI / WAM DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise –announced an up to 30 percent discount rate on licence fees for companies with membership of the UN Global Compact. The UN Global Compact is the world’s largest voluntary sustainability initiative that encourages businesses worldwide to adopt sustainable and socially ...

Bloomberg Citadel Securities LLC agreed to pay a 670 million-yuan ($97 million) settlement for alleged trading irregularities during the 2015 market rout in China. The settlement was announced by the China Securities Regulatory Commission in a statement on its website. With that, the regulator has ended investigation into suspected account and asset management rule violations, it said, without giving more ...

Bloomberg India needs a bigger bond market now more than ever, to help get funds to cash-strapped companies cut off from their shadow lenders by a crisis in that sector. But a Bloomberg survey shows that sales of local rupee corporate notes will grow only 2% this year, a similar rate to 2019 that’s historically low. India’s corporate bond market ...

Bloomberg China will curtail its consumption of single-use plastic in an effort to tackle a soaring amount of the discarded material that has quickly become one of the world’s most pressing environmental crises. Non-degradable plastic bags will be banned in places such as supermarkets and shopping malls in major cities, as well as for the country’s ubiquitous food delivery services ...

Bloomberg Hong Kong’s jobless rate rose for a third month in December, as the city’s consumption and tourism-related industries remained weak amid the city’s protest-driven recession. The unemployment rate rose to 3.3% for the October to December period, the highest since March 2017. The run of three straight months is the worst spate of increases for the measure since it ...