Emirates Business Central Bank of the UAE (CBUAE) hosted a workshop with People’s Bank of China (Central Bank of China) and the Agricultural Bank of China on “Improving the Renminbi Clearing in the UAE”. The aim of workshop was to present results ac-hieved by the RMB Clearing Centre to date, and to identify actions to be tak-en to improve arrangements ...

Bloomberg Oil rose on renewed optimism that production cuts announced by the Opec+ coalition will re-balance the market, while Libya’s biggest field remained shut. Futures in New York gained as much as 1.7 percent after slumping 3.1 percent amid uncertainty over implementation of the curbs by the Organization of Petroleum Exporting Countries (Opec) and its allies led by Russia. Saudi ...

DUBAI / Emirates Business Dubai’s non-oil private sector recorded a stronger improvement during the month of November, reflecting faster expansions in business activity and new work and a stable trend in employment, according to data from Emirates NBD Dubai Economy Tracker Index. The three main sectors monitored registered stronger performances, with construction seeing the fastest growth, followed by wholesale & ...