Bloomberg China’s financial regulator said it will implement a series of measures to shore up nation’s troubled smaller banks and insurers while continuing a clampdown on shadow financing, property speculation. The regulator will introduce measures to eliminate bad loans and promote mergers, capital injections and the restructuring of high risk institutions, the China Banking and Insurance Regulatory Commission said in ...

DUBAI / WAM The Director General of Dubai Municipality, Dawood Al Hajri, revealed that Dubai Municipality has distributed about 4,200 residential plots to citizens in a number of areas of the emirate during 2018 and 2019 and the allocation of these plots comes in implementation of the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime ...

ABU DHABI / WAM The UAE has condemned a decision by Turkey to send military forces to Libya in a stark violation of the international community’s and UN Security Council’s resolutions on Libya, according to Security Council Committee established pursuant to Resolution 1970 of 2011 to prevent the sale or supply of arms to Libya without its approval. Such a ...