International attention has once again closed in on the South China Sea over claims that China has deployed HQ-9 surface-to-air missile batteries to Woody Island. Reports suggest that US intelligence sources have confirmed the presence of these mobile batteries, whereas satellite images of Woody Island earlier this month showed no such batteries. China’s Foreign Minister, Wang Yi, has downplayed concerns ...

ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -1.08% to close at 4255.16 points. Accordingly the Market Capitalization has lost AED 7.56 Billion attaining AED 690.24 Billion. A total of 1.18 Billion Shares were traded with a total value of 1.1 Billion AED during the trading session of 24-02-2016 through 10870 transactions. The number of companies which ...

Hong Kong / AFP Asian stocks mostly slumped on Wednesday as sentiment was dragged down by a renewed drop in oil prices and a resurgent yen sucked the air out of the Japanese market. Crude weakened after Iran’s oil minister called a proposal by Saudi Arabia and Russia to freeze production “ridiculous”, as it seeks to boost output after years ...