Bloomberg At first glance, the weakness in South Korea’s won is an anomaly. Risk appetite is picking up but the currency is heading south. The won, which is susceptible to swings in global sentiment, has dropped almost 2% versus the dollar since the start of the year. It’s underperforming all its emerging Asian peers just as global growth bets are ...

ABU DHABI / WAM Economic and commercial activities in the UAE continued their positive run in the first half of February 2021, reflecting the growing confidence of local and foreign investors in the national economy. Recent statistics issued by the National Economic Register showed that over 4,300 new licences for economic and commercial activities around the country were issued in ...

DUBAI / WAM The Ministry of Energy and Infrastructure has revealed that it is implementing 129 development projects worth approximately AED11.8 billion, as part of the ministry’s five-year plan (2018-2023). Hassan Mohammed Juma Al Mansouri, Under-Secretary of the Ministry of Energy and Infrastructure, told the Emirates News Agency (WAM), that the nationwide developments include constructing 70 government buildings at a ...