President Nicolas Maduro’s announcement that all 100-bolivar notes were being called in by the government to combat the hoarding of currency shocked Venezuelans. The largest denomination of country’s crippled currency was pulled from circulation before it was replaced by the new, larger-denomination bills. It led to chaos and confusions. Frustrated people thronged banks and ATMs to deposit the bills. …

  Abu Dhabi / WAM Due to the dramatic drop in oil prices in 2014, the decline in the emirate’s growth expectations is inevitable, but such decline is expected to be mitigated by the contribution of non-petroleum commodities sectors which will reduce the impact of the decline in oil prices, according to the 2nd Abu Dhabi Competitiveness Report 2016, issued by …

  Dubai / WAM As part of its efforts to support and protect the interests of Dubai’s business community, the Dubai Chamber of Commerce and Industry hosted the 2nd roundtable meeting of 2016, which gathered representatives of various business councils and groups operating under its umbrella. During the meeting which was attended by Abdulla Al Maeeni, Director-General, Emirates Authority for Standardisation …