Bloomberg Gold fell to a four-month low as growing optimism over a coronavirus vaccine and signs of a increasing momentum in US economic growth stifled demand for the metal as a haven. Bullion extended last week’s loss after AstraZeneca Plc said its vaccine prevented most people from developing Covid-19, marking another promising development in the quest to end the pandemic. ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued a decree overhauling foreign ownership rules of commercial companies, as part of the government’s ongoing efforts to ensure a conducive legislative environment and open up economy to all nationalities. The decree, which introduces significant amendments to the UAE Federal Law No. 2 of 2015 on ...

ABU DHABI / WAM In line with its deep rooted commitment to extend a helping hand to support the needy people around the world, especially the refugees, and its efforts to mitigate their suffering by all means possible, the United Arab Emirates announced allocating AED18.4 million ($5.0 million) in support of the recently arrived Ethiopian Refugees in Sudan. HH Sheikh ...