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Abu Dhabi / Emirates Business Abu Dhabi is to introduce the GCC’s first Social Impact Bond, an innovative and internationally recognised financial tool that raises private investment to support high-impact social programs, under the Authority for Social Contribution – Ma’an. Launching next year, Social Impact Bonds operate on a pay-for-success basis, whereby payment relies on a successful social outcome – ...

DUBAI / WAM DMCC, a Dubai-based free zone that acts as a gateway into global trade, released on Sunday the approved Arabic translation of the ‘Diamond Terminology Guideline.’ The guideline sets a universal standard for the diamond and jewellery trade when communicating about diamonds and laboratory-grown diamonds. The guideline provides clear and accessible terminology to eliminate confusion among industry bodies, ...

DUBAI / wam Emirates Post, in association with Arab Postal Authorities, issued a unified commemorative stamp entitled ‘Al Quds – Capital of Palestine’, to support Al Quds’ cause and to protect its Arabian heritage, as well as serve a reminder of the emotional and cultural importance the city holds in the eyes of every Arab. During a meeting that was ...

Bloomberg US and Chinese trade negotiators held “constructive discussions” in a phone call to address each side’s core concerns of phase one of the trade deal. China’s Vice Premier Liu He, the country’s key negotiator in the trade talks with the US, spoke with Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer, according to the Chinese Commerce Ministry. The ...

Bloomberg Indonesia is preparing to auction additional airwaves to telecom carriers to allow them offer 5G services and will ensure a level-playing field to wireless equipment suppliers including Huawei Technologies Co. The government is taking steps to guarantee adequate spectrum will be available for mobile-phone carriers before deciding on a schedule for the sale, Communications Minister Johnny G Plate said ...

Bloomberg Amazon.com Inc’s big push into logistics is getting scrutiny from European Union (EU) antitrust regulators who asked the US to share an online merchant’s complaint against the retail giant, according to documents reviewed by Bloomberg and two people familiar with the matter. The online merchant accused Amazon of rewarding those who pay for the company’s warehousing, packing and delivery ...

Bloomberg With all the focus on getting the positioning right for next month’s UK election, investors may be overlooking bigger threats beyond. Even as optimism grows that Prime Minister Boris Johnson’s party will win the vote and see through a market-friendly Brexit deal, a floundering economy and the prospect of fraught trade talks with the European Union (EU) are unnerving ...

Bloomberg The tremors from Germany’s downturn are reverberating in Italy — particularly in the country’s industrial heartland. Companies big and small in the prosperous northern regions have been hit by declining sales as Europe’s largest economy buckles under a manufacturing slump. That’s a problem for Italy’s government, desperate to boost its own economic growth to help it get control of ...

Bloomberg Supporters of Juan Guaido staged their biggest protest in Caracas in months as Venezuela’s opposition leader seeks to revive his campaign to oust president Nicolas Maduro. A week after Maduro’s ally Evo Morales was toppled in Bolivia, Guaido is seeking to boost thinning crowds that have grown apathetic since a botched uprising in April failed to remove Maduro. “I’m ...

Dubai / WAM Growing momentum behind regional integration, economic reforms, technological advances and infrastructure development are among the key factors fuelling business growth in sub-Sahara Africa, according to a new whitepaper released by Dubai Chamber of Commerce and Industry in cooperation with the Economist Intelligence Unit (EIU). The report, entitled Promise and Perils: Scaling up businesses in sub-Sahara Africa, was ...