News

ABU DHABI / WAM Banks operating in the UAE increased their investments in bonds since the beginning of 2019 to make for losses caused by a fall in proceeds from their other investment instruments, including loans. The value of investments in bonds by banks during the first eight months of 2019 amounted to AED10.3 billion, which increased their total investments ...

Bloomberg The world loses about $400 billion of food before it even gets delivered to stores, according to the United Nations. Some 14% of all food produced is lost annually, with central and southern Asia, North America and Europe accounting for the biggest shares, the UN’s Food and Agriculture Organisation (FAO) said in a report, citing the latest data as of ...

Bloomberg Oil slid after surging the most in almost a month amid doubts that recent progress in the US-China trade talks will compensate for a worsening global demand outlook. Futures in New York fell as much as 2.6% after gaining 2.2% in the previous session. Despite positive momentum in the trade negotiations, and an array of threats to oil supply ...

Abu Dhabi The visit of Russian President Vladimir Putin to the UAE, his second since 2007, is aimed at deepening bilateral ties and taking them to wider horizons. The timing of the visit indicates the close cooperation and coordination between the two friendly countries as put by Putin, “It is no great secret that we maintain regular contacts with the ...

Abu Dhabi / WAM The “UAE Youth Ambassadors Programme” announced its programme for 2020, which will include a visit to Russia, to mark the visit of Vladimir Putin, President of Russia, to the UAE. The programme is being held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander ...

Abu Dhabi / WAM The UAE and the Russian Federation held a round of air transport talks at the Sheikh Zayed Air Navigation Center in the capital Abu Dhabi, during which they discussed ways of cooperation between the two countries and increasing air traffic to different cities in both countries. These discussions resulted in the signing of a memorandum of ...

Dubai / WAM Dubai Chamber of Commerce and Industry announced that it signed a Memorandum of Understanding (MoU), with Emirates NBD, under which the bank will provide trade finance solutions for the Digital Silk Road – a Dubai 10X initiative using blockchain technology to digitise and simplify trade processes. The agreement was signed by Hamad Buamim, President and CEO of ...

RAS AL KHAIMAH / WAM More than 130 small and medium-sized enterprises, SME, from 24 countries have confirmed their participation in the “Ras Al Khaimah International SME Fair,” which will be held from November 14-16. The fair is being organised by the Saud bin Saqr Foundation for Youth Projects Development and supported by the Ras Al Khaimah Chamber of Commerce ...

Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Board of Trustees of Dubai Future Foundation, on Monday received the UAE team participating in the 2019 FIRST Global DXB Challenge robotics event. Dubai Future Foundation is organising the event under the theme ‘Ocean Opportunities’. To be held for ...

Dubai / Emirates Business His Excellency Essa Kazim, Governor of Dubai International Financial Centre (DIFC), on Monday rang the Nasdaq Dubai market-opening bell to mark Dubai soaring into top ten of Global Financial Centres Index (GFCI). Dubai International Financial Centre (DIFC) is the leading financial hub in the Middle East, Africa, and South Asia (Measa) region and has risen up ...