Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, has formalised an $3 billion (AED11 billion) deposit into the State Bank of Pakistan to support Pakistan’s economic growth and achieve the long-term objectives of its monetary policy. Announced in December 2018, the decision to formalise the deposit was made under ...

Bloomberg The UK’s main opposition party is backing a plan that could open the door to a second European Union referendum, bringing the possibility of stopping Brexit a step closer. Labour leader Jeremy Corbyn proposed a series of non-binding votes in Parliament on options for how the UK can avoid a no-deal Brexit: One of those options is a new ...

Bloomberg Grounded in Washington by the government shutdown, Secretary of State Michael Pompeo delivered a Trump-style speech by video to the Davos summit defending disruptive politics, touting US economic strength and claiming foreign policy successes. “New winds are blowing across the world,” Pompeo said in the long-distance address to the World Economic Forum in Davos, Switzerland. “The central question is ...