DUBAI / WAM Spending cuts and a relative stability in oil prices are helping GCC states record a current account surplus, the International Monetary Fund (IMF) said on Tuesday. The IMF’s Regional Economic Outlook for the Middle East and Central Asia, released on 2nd May in Dubai, emphasises that the countries will need to continue with plans to diversify …

  Dubai / WAM Dubai Financial Market (DFM) will organise its International Investor Roadshow in London on May 17 and 18. Senior representatives from 16 companies listed on DFM and Nasdaq Dubai will update London-based international fund managers on their respective companies’ growth strategies as well as most recent developments. Organised in collaboration with HSBC, the roadshow will take place …

  ABU DHABI / WAM The Nawah Energy Company, the newly-formed nuclear operating joint venture company, between the Emirates Nuclear Energy Corporation (ENEC) and Korea Electric Power Corporation (KEPCO) held its first Board of Directors meeting. The board was chaired by Saeed Fadhel Al Mazrooei, joined by David Scott as Vice Chairman along with board members Mohamed Al Hammadi, Ahmed …