RAS AL-KHAIMAH / WAM A delegation from RAK International Corporate Centre (RAKICC), a premium corporate registry for International Business Companies (IBCs), has travelled to Cyprus this week. Led by RAKICC CEO, Joe Moynihan, the delegation held meetings with potential partners and industry advisors to discuss the benefits of international businesses incorporating in RAKICC. While in Cyprus, Moynihan also spoke at …

Dubai / Emirates Business Xpress Money has recorded a 12% increase in remittances in the first two weeks of Ramadan as compared to the same period last year. The increase is reflected in outward remittances to South Asia, the Levant and other parts of the MENA region. “Ramadan is the month of giving, and we traditionally witness that remittances back …

LONDON / Reuters OPEC will not rush into making a further cut in oil output or end some countries’ exemptions to output limits, OPEC delegates said, although a meeting in Russia next month is likely to consider further steps to support the market. OPEC and allied non-OPEC producers agreed on May 25 to extend an existing supply cut into 2018, …