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  Bloomberg Greece’s finance minister arranged a last-minute follow-up meeting with International Monetary Fund Managing Director Christine Lagarde before returning to Athens from a gathering of global policy makers in Washington, as the nation seeks to unlock more bailout funds from creditors. The creditors are considering proposing additional austerity measures that would kick in if the nation missed budget targets, ...

  Dubai / WAM With the GCC tripling its production capacity between the 2004-2015 period, petrochemical producers in the region must focus on supply chain efficiencies in order to retain export market share, said the Gulf Petrochemicals and Chemicals Association (GPCA), ahead of the Supply Chain Conference in May. Regional chemical output in plastics, fertilisers and other products are chiefly ...

Kuala Lumpur / Bloomberg Malaysia will meet its economic expansion target this year even as risks to global growth mount and greater volatility may persist in capital flows, central bank Governor Zeti Akhtar Aziz said. Price pressures are “quite contained” due to lower fuel and commodity costs and slightly slower demand, Zeti said in an interview in Washington. Until there ...

Bloomberg Global finance ministers and central bankers pledged to step up their efforts to support growth, as chances rise of a broader slowdown and risks including refugee crises and a potential U.K. exit from the European Union threaten the world economy. “Downside risks to the global economic outlook have increased since October, raising the possibility of a more generalized slowdown ...

GENEVA / AP Two figures from the main Syrian opposition team to the peace talks in Geneva said that they have rejected a suggestion that was put forward by the UN special envoy to Syria in which President Bashar Assad would stay in power during a transitional period and the opposition would choose three vice presidents. The UN envoy to ...

BLOOMBERG Saudi Arabian stocks led declines across most Gulf Arab equity markets as investors await the outcome of a gathering of major oil producing nations in Doha. The Tadawul All Share Index dropped 1.5 percent, the most in two weeks. Dubai’s DFM General Index lost 0.7 percent as the Bloomberg GCC 200 Index, which tracks the largest and most liquid ...

  Abu Dhabi / WAM The records set by the general index of confidence in the business climate and its sub-indexes in 2015 shows a continuous positive outlook. According to the index survey and statements of respondents, Khalifa Bin Salem Al Mansoori, ADDED Acting Undersecretary noted, the key factors that have their effects on the evaluation of business establishments of the ...

  DUBAI / WAM In a far-reaching move to tackle hazardous liquid pollution at its flagship Jebel Ali Port, DP World UAE Region signed a Memorandum of Understanding (MoU) with the Department of Planning and Development – Trakhees, the regulatory arm of Ports, Customs and Free Zone Corporation in Dubai, PCFC, to enforce the International Convention for the Prevention of ...

  ABU DHABI / WAM A student from the Masdar Institute of Science and Technology capitalised on the latest technological advances in computer science and signal processing to innovate one of the UAE’s oldest and cherished pastimes – camel racing. Recognising the novelty and potential commercial applications of the student-led innovation, Masdar Institute has filed a provisional patent with the ...

  London / WAM Dubai Electricity and Water Authority (DEWA) won the Cyber Risk Strategy of the Year award at the Global Risk Management Awards in London. The award was presented by The Institute of Risk Management (IRM) in the UK, a leading global organisation in setting risk management standards and recognising global best practices. Saeed Mohammed Al Tayer, MD ...