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China to curb capital flight as $1trn moved overseas

  Beijing / AFP China will further tighten controls on individuals’ foreign currency purchases to try to curb massive capital flight from the country as the yuan falls sharply against the dollar. Individuals wishing to convert yuan to foreign currencies will now have to provide more detailed information to their bank, including an explanation of the funds concerned in addition ...

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UAE, Kazakhstan discuss ways to promote tolerance

  ABU DHABI / WAM Emirati and Kazakh officials discussed ways of promoting co-operation and co-ordination on religious affairs to project the genuine and bright image of Islam, its upholding of ethical and human values as well as its call to spread tolerance and peaceful co-existence and reject fanaticism, extremism and terrorism. Chairman of the UAE General Authority of Islamic ...

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No incidents, security breaches reported on New Year gala

  Dubai / WAM Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, on Saturday night inspected the Dubai Police operations room, set up to secure the New Year celebrations at the Burj Khalifa and on Sheikh Mohammed bin Rashid Boulevard in Downtown Dubai. No incidents, security breaches or injuries were reported during the ...

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