ABU DHABI / WAM The initiatives and events that took place in the UAE over the past six months have reinforced its position as a global centre and capital of tolerance. The UAE’s diplomatic message and international stances have promoted tolerance, despite the heightened tensions in the region. Tolerance by countering terrorism: The meeting between His Holiness Pope Francis, head ...

Bloomberg The Organization of Petroleum Exporting Countries (Opec) will extend production cuts into 2020 as the world’s leading oil exporters fret about a weakening outlook for global demand growth and the relentless rise in output from America’s shale fields. Ministers from the group meeting in Vienna agreed to prolong their supply curbs by another nine months, said delegates, asking not ...

ABU DHABI / WAM The value of non-resident deposits in the UAE’s banking system exceeded non-resident loans by AED64.5 billion at the end of May 2019 compared to the same period in 2018, according to statistics from the UAE Central Bank. This statistics reflect the trust in the country’s banking systems, which has enabled it to attract more foreign investments. ...