ABU DHABI / WAM Abu Dhabi Department of Economic Development (Added) and MT Group, a Shanghai-based valve manufacturer, have signed an agreement to strengthen value chain for high-precision equipment in Abu Dhabi, attract more Chinese industrial investments to the emirate and promote sustainable development. MT Group, the leading high precisions equipment manufacturer with facilities in industrial hubs around the globe, …

ABU DHABI / WAM The General Pension and Social Security Authority (GPSSA) held its sixth Board of Directors meeting chaired by Mubarak Rashed Al Mansoori, Chairman of the Authority’s Board of Directors. During the meeting, the council members proceeded to discuss the agenda, approving the minutes of the previous meeting and the management follow-up agenda regarding suggestions and recommendations. The …

BLOOMBERG The US Department of Justice  (DOJ) has stepped up its probe into Credit Suisse Group and UBS Group AG over suspected compliance failures that allowed Russian clients to evade sanctions, according to people familiar with the situation. What began as a series of subpoenas sent to a range of banks early this year has developed into a full-scale investigation …