Abu Dhabi / WAM The Managing Director of the International Monetary Fund (IMF) Christine Lagarde recently provided recommendations to develop a medium-term strategy that would enable Arab countries to generate government revenues to supportgrowth. “Gradual fiscal consolidation and vigorous implementation of structural reforms will help the UAE economy adjust to lower oil price,” Lagarde said in a statement at the …

  DUBAI / Emirates Business The Dubai Chamber of Commerce and Industry (DCCI) hosted the UAE-Latvia Business forum at its premises on Sunday, which focused on enhancing trade relations and economic cooperation between the two countries. The forum was attended by a high-level delegation led by Raimonds Vejonis, President of Latvia, and the country’s deputy prime minister and economy minister, …

  DUBAI / Emirates Business ENOC introduced PIN-less and paperless debit and credit card transactions in the forecourts of its service station network – a first in the UAE for fuel retailers. The initiative has been launched in partnership with ENOC’s technology partner, Network International, to ensure security of transactions, while enabling cardholders to retain confidentiality of their PIN numbers. …