Abu Dhabi / WAM Emirates Digital Wallet LLC on Wednesday announced its first major step towards eliminating the use of physical cash, as klip, the UAE’s Digital Cash Platform, enters its final round of testing. The nationwide initiative — jointly set up by 15 of the UAE’s leading national banks — aims to drive digital transformation across the UAE economy ...

Abu Dhabi / WAM The Khalifa bin Zayed Al Nahyan Foundation has sent urgent aid to those affected by floods in southern Pakistan. The Khalifa Foundation’s relief team distributed supplies including medicines, tents, blankets and baby formula to some 75,000 people in the southern regions of Sindh. The assistance is in continuation of the Foundation’s relief and development initiatives in ...

Bloomberg China’s record haul of crude is poised to end as state-issued allowances for imports dwindle, potentially taking the wind out of the uneven recovery across global oil markets. The world’s biggest importer will ship in much less crude in September and October than it did in May and June, with private refiners seeing purchases drop as much as 40%, ...