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UAE, Egypt mull cooperation in global competitiveness

Dubai / WAM A delegation representing the Ministry of Planning, Follow-up and Administrative Reformation, Egypt, visited on Wednesday the headquarters of the UAE Federal Competitiveness and Statistics Authority, FCSA, Dubai, as part of the strategic partnership between the two to enhance the government performance in Egypt. The partnership between the two covers areas of excellent performance, government capabilities and accelerators, ...

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DFSA expands its fintech innovation testing programme

Dubai / WAM The Dubai Financial Services Authority (DFSA), on Wednesday announced the expansion of its Innovation Testing Licence (ITL), programme in response to continued interest in FinTech and the digital economy. The ITL programme enables firms to test innovations in financial technology, FinTech, in or from the Dubai International Financial Centre (DIFC). Six companies will form a new Cohort (Cohort 1) ...

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IEA cuts 2018 global oil demand forecast as $70 crude takes a toll

Bloomberg The International Energy Agency cut forecasts for global oil demand growth in 2018 as the highest prices in three years put a brake on consumption. “The recent jump in oil prices will take its toll,” said the Paris-based agency, which advises most major economies on energy policy. Crude has climbed 17 percent this year, trading near $78 a barrel ...

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