CAIRO / WAM The United Arab Emirates is participating in the 32nd meeting of the Unified Arab Customs Law Committee, which began at the Arab League headquarters, under the chairmanship of the Kingdom of Saudi Arabia. The UAE delegation was headed by Ali Rashid Al-Dhanhani, Director of the Legal Affairs Department of the Federal Customs Authority, and included Ibrahim Al …

Bloomberg National Commercial Bank (NCB), Saudi Arabia’s biggest lender, started initial talks with Riyad Bank for a merger — a deal that would create the Gulf’s third-biggest lender with $182 billion in assets. Talks may not result in a transaction, National Commercial Bank said in a statement. The lender said it has coordinated the move with the central bank and …

Bloomberg China announced another round of tariff cuts, lowering import taxes on more than 700 goods from January 1 as part of its efforts to open up the economy and lower costs for domestic consumers. There will also be cuts to some export tariffs, and temporary import tariff rates will be as low as zero for some goods, the Ministry …