ABU DHABI / WAM First Abu Dhabi Bank (FAB), concluded its General Assembly Meeting on Monday at FAB’s headquarters in Abu Dhabi. According to a statement released by FAB, all items on the agenda were discussed and approved including the distribution of 74 percent cash dividends – AED0.74 per share, implying total cash dividends of AED8.08 billion – for the ...

Bloomberg President Xi Jinping urged China to “spare no effort” to contain the coronavirus outbreak in Beijing, as the nation’s top legislature postponed its annual legislative session in the capital to help check the disease’s spread. Xi issued his warning in a conference call attended by more than 170,000 government and ruling party officials — the biggest of its kind ...

Bloomberg China said an announcement that the quarantine of Wuhan would be eased was prematurely issued without approval from top officials. The lockdown of the Chinese city where the novel coronavirus emerged would remain fully in place, it said. The abrupt about-turn within a matter of hours added to the confusion emanating from the devastated city of 11 million which ...