Bloomberg The owner of the Primark budget fashion chain warned that any prolonged manufacturing delays at its factories in China due to the coronavirus could cause supply shortages on certain lines later this year. Associated British Foods Plc has built up inventories and is “well stocked for cover for several months,” according to a statement, which said the virus could ...

ABU DHABI / WAM The UAE’s overall real gross domestic product (GDP), is estimated to have grown by 2.9 percent in 2019, the central bank of the UAE revealed. According to the central bank’s quarterly review report’ for Q4 of 2019, this rise in GDP was driven by the growth in the non-hydrocarbon sector, estimated at 1.1 percent, as well ...

DUBAI / WAM The United Arab Emirates and the Kingdom of Saudi Arabia strengthen their economic partnership to enhance the trade, diversify and create opportunities for the businesses and people in both the countries. Etihad Credit Insurance (ECI), the UAE Federal export credit company has partnered with the Saudi Fund for Development (SFD), for financing and providing credit insurance to ...