Bloomberg President Donald Trump added to the criticism of the World Bank’s plan for low-interest loans to China. “Why is the World Bank loaning money to China?” Trump said in a Twitter post. “Can this be possible? China has plenty of money, and if they don’t, they create it. STOP!” His tweet came a day after Treasury Secretary Steven Mnuchin, ...

Bloomberg Oil in New York posted the biggest weekly gain since June after Saudi Arabia surprised the market with a significant supply cut beyond what was agreed to with fellow Opec+ members. WTI settled 1.3% higher after Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said the country would continue its voluntary cut of 400,000 barrels a day. That brings ...

ABU DHABI / WAM In yet another global breakthrough in the 5G journey, Etisalat achieved over 3.1Gbps download throughput over its 5G Stand Alone (SA), network. In October this year, Etisalat successfully completed the first end-to-end 5G SA call in the UAE, becoming the first operator globally to achieve this milestone. The new throughput record is a result of a ...