News

  Bloomberg Britons risk pushing up the cost of their vacations if they vote to leave the European Union, Prime Minister David Cameron said in his third warning in three days on how a so-called Brexit would hurt ordinary people in their pockets. An average eight-night, four-person trip to an EU destination would cost an extra 230 pounds ($330), based ...

ALGIERS / Reuters Officials from Algeria, the European Union and energy firms meet in Algiers on Tuesday in an attempt to get their energy cooperation back on track and find ways to pump more gas north again after years of dwindling exports. Algeria is seen as a natural partner for the European Union as it looks to diversify energy supplies ...

  Bloomberg Latin America’s post-populist shift is persuading the world’s biggest emerging-market bond investors to put more money in the region, and there are signs that eastern Europe is paying the price. Franklin Templeton’s $51 billion Global Bond fund nearly doubled holdings in Brazil, Mexico and Colombia to more than 30 percent in the six months to March 31, according ...

  Bloomberg Rising global waves of protectionism are a concern to Canada and underscore the need not to rush ratification of the Trans-Pacific Partnership trade pact, Trade Minister Chrystia Freeland said in an interview in Tokyo on Tuesday. Freeland’s remarks came after she joined Prime Minister Justin Trudeau in meetings with Japanese auto executives. Trudeau will join other global leaders ...

  Bloomberg Coca-Cola Co. is halting production of sugar-sweetened beverages in Venezuela as the company’s namesake soda pop becomes the latest victim of a lack of raw materials in the cash-strapped country. The iconic drink is the latest to join a group of basic products becoming scarce in a country beset by currency controls, goods shortages and the world’s highest ...

  Bloomberg Brazilian education and construction companies dropped on speculation the administration of interim President Michel Temer will seek to cut the social programs they depend on for revenue. Kroton Educacional SA and Estacio Participacoes SA, the country’s two biggest for-profit university operators, were among the worst performers on the Ibovespa stock index after Folha de Sao Paulo newspaper reported ...

  ABU DHABI / WAM The Economic Development Committee of the Abu Dhabi Executive Council examined the findings of the “Doing Business in Abu Dhabi 2016” report during a workshop held at the headquarters of the General Secretariat of Abu Dhabi Executive Council. The report was prepared by the World Bank, in coordination with the Competitiveness Office of Abu Dhabi, ...

  DUBAI / WAM The Ministry of Finance (MoF) organised a workshop to discuss a book entitled, “Breaking the Oil Spell – The Gulf Falcon’s Path to Diversification”, on its premises in Dubai. The book was launched in April on the sidelines of the spring meetings of the International Monetary Fund(IMF) and the World Bank Group(WBG) in Washington DC. The ...

  ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued an Emiri Decree restructuring the Board of Directors of the Abu Dhabi Water and Electricity Authority, ADWEA, under the chairmanship of Abdullah Ali Musleh Al Ahbabi. The Decree also named the following as members of the Board: Musabbah Mubarak Musabbah Al Marar from Abu ...

  DUBAI / WAM Expo 2020 Dubai will host its first International Planning Meeting (IPM), organised with the involvement of the Bureau International des Expositions (BIE), the governing body for World Expos. The two-day meeting, opening tomorrow, Monday, will bring together epresentatives of nations from around the world.