ABU DHABI / WAM The Federal Authority for Identity, Citizenship, Customs and Ports Security has announced the suspension of the issuance of the residence sticker for foreigners residing in the UAE as of April 11. The goal is to develop services provided to customers and enhance their happiness. The Emirates ID card issued to foreigners residing in the UAE ...

  DUBAI / WAM The Dubai Gold & Commodities Exchange (DGCX) recorded a monthly Average Open Interest (AOI) of 134,154 contracts during the month of March, and registered trading volume with a total value of $15.74 billion. In response to further inflation, policy decisions and continued geo-political conflict around the globe, there was a surge in demand for DGCX’s G6 ...

Bloomberg The World Bank has lowered its growth forecasts for East Asia and the Pacific to 5% from 5.4% forecast in October, and warned growth could slow to 4% if conditions weaken further. The latest outlook reflects a hit to the region from Russia’s invasion of Ukraine, rising interest rates in the US and slowing growth in China. Ongoing supply ...