Bloomberg The International Monetary Fund (IMF) warned governments not to rock the boat with trade wars and other disruptions at a time when the global economy is already sailing through choppy waters. “We see downside risk and that means one has to be very careful,” IMF First Deputy Managing Director David Lipton told Bloomberg Television. “With trade tensions, not knowing ...

DUBAI / WAM Dubai Customs announced an 8.5 percent increase in customs transactions for the first quarter in 2019. Customs transactions grew to 2.6 million from 2.4 million in the same period of 2018. According to Dubai Customs, if this momentum is kept up, the customs authority is expected to reach 10.5 million transactions by year-end compared to 9.6 million ...

Dubai / Emirates Business The Ministry of Climate Change and Environment (MOCCAE) on Saturday launched the Fujairah Cultured Coral Reef Gardens, the largest project of its kind in the UAE, in collaboration with Fujairah Municipality, Dibba Fujairah Municipality and the Fujairah Adventures. In line with the Ministry’s strategy to protect the UAE’s biodiversity and ensure its sustainability, the project is ...