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Crown Prince of Abu Dhabi arrives in New Delhi on official visit to India

NEW DELHI / WAM HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has arrived in New Delhi on an official visit to India. Upon arrival at the airport, HH was received by Piyush Goyal, India’s Minister of Commerce and Industry, and was honoured with a traditional red-carpet reception, during which the national anthems of ...

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China’s foreign exchange reserves increases 0.98 percent in August

BEIJING / WAM China’s foreign exchange reserves totalled $3.2882 trillion as of the end of August, up by $31.8 billion, or 0.98 percent compared to the end of July, official data showed. Xinhua News Agency quoted the State Administration of Foreign Exchange as saying that China’s foreign exchange reserves have remained stable above $3.2 trillion for nine consecutive months. The ...

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Shanghai launches $1.41b fund to foster future industries

SHANGHAI / WAM The Chinese financial hub of Shanghai announced the establishment of a CN¥10 billion (about $1.41 billion) fund to nurture future industries. Xinhua News Agency quoted the Science and Technology Commission of Shanghai Municipality as saying the fund is fully financed by the Shanghai government and has a term of 15 years that can be extended by an ...

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