Recent Posts

Dubai external trade with Russia up 67% at AED9.2b

DUBAI / WAM Dubai external trade with Russia has witnessed rapid growth in the past few years, from AED 5.5 billion in 2016 to AED 7.38 billion in 2017 (37%) and in 2018 it made AED 9.21 billion, a 25% increase compared to 2017. The figures show a 67% growth in two years from 2016 to 2018. Trade with Russia ...

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Banks invest AED10.3b in bonds over 8 months

ABU DHABI / WAM Banks operating in the UAE increased their investments in bonds since the beginning of 2019 to make for losses caused by a fall in proceeds from their other investment instruments, including loans. The value of investments in bonds by banks during the first eight months of 2019 amounted to AED10.3 billion, which increased their total investments ...

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World loses $400bn of food before it reaches stores: UN

Bloomberg The world loses about $400 billion of food before it even gets delivered to stores, according to the United Nations. Some 14% of all food produced is lost annually, with central and southern Asia, North America and Europe accounting for the biggest shares, the UN’s Food and Agriculture Organisation (FAO) said in a report, citing the latest data as of ...

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