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UAE Nation Brand hits record 10.6mn votes

Dubai / WAM The UAE Nation Brand hit a record of 10.6 million votes from 185 countries as the campaign drew to a close to announce the logo that will represent the UAE and lead the country’s inspiring story towards the next 50 years. Voters have contributed to planting 10 million trees to empower communities in areas affected by climate ...

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Oil caps strongest year since 2016 on Opec cuts, trade truce

Bloomberg Oil in New York capped its biggest annual increase since 2016, as Opec’s production cuts tempered supplies while a trade pact between the US and China buoyed the outlook for demand. West Texas Intermediate futures fell 1% yet climbed 34% this year as Opec and its allies cut production and a trade deal between Washington and Beijing neared. With ...

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China ramps up credit support to aid growth

Bloomberg China’s central bank will increase the supply of cheap funding to banks by cutting the amount of cash they need to hold as reserves, a move aimed at putting a floor under economic growth in 2020. The required reserve ratio for commercial lenders will be lowered by 50 basis points from January 6, unleashing about 800 billion yuan ($115 ...

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