Bloomberg Hong Kong Exchanges & Clearing Ltd. (HKEX) Chief Executive Officer Charles Li said he’s stepping down after 10 years, adding his departure to the rising challenges for the bourse at a turbulent time for the financial hub. The 59-year-old will continue to lead the exchange until his contract expires in October next year, or leave earlier if a replacement ...

ABU DHABI / WAM The UAE’s Federal National Council (FNC) is setting the standard in the parliamentary sector, embracing advanced videoconferencing technology to hold all of its sessions uninterrupted during the current crisis, said Dr Abdul Rahman bin Mohammad bin Nasser Al Owais, Minister of State for Federal National Council Affairs. Al Owais said – as the council held the ...

DUBAI / WAM Dubai’s economy remains resilient to global economic headwinds caused by the negative impact of the Covid-19 outbreak. The city’s external trade in the first quarter of 2020 reached AED323 billion. Exports grew 2 percent to AED43 billion compared to the corresponding quarter last year. Imports accounted for AED189 billion while re-exports touched AED92 billion. The volume of ...