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Dubai / WAM Emirates NBD on Wednesday announced that it has joined the rapidly growing community of members on CCRManager, a fintech platform supporting the origination and distribution of trade assets. The announcement is aligned with Emirates NBD’s digital strategy as the bank continues to lead innovation in digital banking in the region and actively participate in the fintech ecosystem. ...

Dubai / WAM A delegation representing the Ministry of Planning, Follow-up and Administrative Reformation, Egypt, visited on Wednesday the headquarters of the UAE Federal Competitiveness and Statistics Authority, FCSA, Dubai, as part of the strategic partnership between the two to enhance the government performance in Egypt. The partnership between the two covers areas of excellent performance, government capabilities and accelerators, ...

Dubai / WAM The Dubai Financial Services Authority (DFSA), on Wednesday announced the expansion of its Innovation Testing Licence (ITL), programme in response to continued interest in FinTech and the digital economy. The ITL programme enables firms to test innovations in financial technology, FinTech, in or from the Dubai International Financial Centre (DIFC). Six companies will form a new Cohort (Cohort 1) ...

Bloomberg The International Energy Agency cut forecasts for global oil demand growth in 2018 as the highest prices in three years put a brake on consumption. “The recent jump in oil prices will take its toll,” said the Paris-based agency, which advises most major economies on energy policy. Crude has climbed 17 percent this year, trading near $78 a barrel ...

Bloomberg Green investing in the UK fell 56 percent last year, sparking concerns in Parliament that the nation will not maintain its lead in clean energy or meet climate targets after leaving the European Union. “Billions of pounds of investment is needed in clean energy, transport, heating and industry to meet our carbon targets,” said Mary Creagh, a member of ...

Bloomberg More than a quarter of US nuclear power plants don’t make enough money to cover their operating costs, raising the threat of more early retirements. Of the 66 nuclear power plants operating in the US, 24 are either scheduled to close or probably won’t make money through 2021, according Nicholas Steckler, an analyst with Bloomberg New Energy Finance. These ...

Bloomberg European officials aren’t letting a first-quarter slowdown undermine their confidence in the economy, but an upcoming round of numbers may test their view that the winter blues will pass. Descriptions by various European Central Bank policy makers have ranged from solid to robust and strong when asked about the recent performance. Even after Germany, the euro area’s economic engine, ...

Bloomberg BT Group Plc, still reeling from an outlook for falling profits delivered last week, is counting on a slew of new consumer offerings to lift investor sentiment. The UK’s former phone monopoly is pulling the trigger on its unique ability to offer packages of mobile and landline services, two years after the 12.5 billion-pound ($16.9 billion) acquisition of mobile ...

Bloomberg The lumber market is red-hot, with futures rising to another record thanks to a confluence of import tariffs, transport bottlenecks and strong housing demand. The futures rose 1 percent to close at $619 per 1,000 board feet on the Chicago Board of Trade. They’ve surged 66 percent in the past 12 months, a bigger gain than any of the ...

Bloomberg Novartis AG’s top lawyer became the first executive to take the fall for the controversial $1.2 million in payments he helped arrange to Donald Trump’s attorney, as the drugmaker tries to contain the furor from last week’s revelation. Felix Ehrat, who along with former Chief Executive Officer Joe Jimenez signed the agreement with a consulting firm led by lawyer ...