Bloomberg Indian stocks rose for a second day on expectations that the government’s surprise $20 billion company tax cut will revive economic growth and boost company earnings. The S&P BSE Sensex jumped 2.8 percent to 39,909.03 in Mumbai, while the NSE Nifty 50 Index advanced 2.9 percent. Both gauges surged 5.3 percent, marking their biggest gain since May 2009, after ...

HODEIDAH / WAM Through its humanitarian arm, the Emirates Red Crescent (ERC), the UAE provided relief aid to Yemenis who survived the Houthi militias artillery shelling in Hais, southern Hodeidah, west of Yemen. A team from the ERC distributed shelter aid and food baskets to the families in Hais, following an appeal from the local authorities. The families who benefitted ...

ABU DHABI / WAM The UAE consolidated government expenditure rose AED119 billion during Q1 2019, a growth of 21.6% as compared with the same period in 2018, according to figures released by the Central Bank of the UAE (CBUAE). In its quarterly review, CBUAE said, UAE government expenses went up y-o-y by 16.3% during Q1. Moreover, capital spending, measured by ...