Bloomberg China’s trade surplus surged to a record in May as exports fell less than expected, helped by an increase in medical-related sales, and imports slumped along with commodity prices. Exports decreased 3.3% in dollar terms from a year earlier, beating economists’ estimates, while imports plunged 16.7%. That resulted in a trade surplus of $62.93 billion. The record surplus comes ...

DUBAI / WAM Emirates NBD and digital payments facilitator Visa on Sunday announced the renewal of their partnership with a five-year agreement. As part of the agreement, Visa has secured exclusivity over Emirates NBD’s debit card offering to personal, priority, private and business banking customers, and the debit card programme for Liv. Emirates NBD’s lifestyle digital-only bank. In addition, the ...

ABU DHABI / WAM The latest regional developments and issues of mutual interest have been deliberated by His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Egyptian Minister of Foreign Affairs Sameh Shoukry. This came during a phone call on Saturday, where top diplomat valued the efforts made by Egypt that led to ...