London / AFP Britain’s annual inflation rate rose in January to its highest level for a year, buoyed by the higher prices for clothing and alcohol, official data showed Tuesday. The 12-month Consumer Price Index (CPI) rose by 0.3 percent last month, after registering 0.2 percent in December, the Office for National Statistics (ONS) said in a statement. Alcohol and …

MOSCOW / Bloomberg Neither a recession nor a collapse in revenue has yet been enough to convince Russian President Vladimir Putin that it’s time to join with OPEC in cutting oil output to boost prices. His reasons may be pragmatic rather than political. As Russia’s oil minister meets his Saudi Arabian counterpart in Doha on Tuesday, the world’s second-largest crude …

ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 0.92% to close at 4161.49 points. Accordingly the Market Capitalization has gained AED6.16 Billion attaining AED675.05 Billion. A total of 0.64 Billion Shares were traded with a total value of 0.75 Billion AED during the trading session of 16-02-2016 through 8512 transactions. The number of companies which has been …