It’s hard to overstate the amount of money that has been rushing into the debt of developing nations. The biggest exchange-traded fund focused on emerging-markets bonds has almost doubled its assets this year, data compiled by Bloomberg show. Dollar-denominated debt of developing economies is poised for its best annual return since 2009. Yields on the debt have dropped to …

  Abu Dhabi / WAM The UAE offered AED4.34 billion (US$1.2 billion) in foreign aid to Yemen from April 2015 to July 2016 as part of its humanitarian and development aid to support the Yemeni people and its ongoing efforts to lay down the foundations for development, security, stability and peace in the Arab Republic of Yemen. The massive foreign aid …

  Dubai / WAM Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA) honoured sectors, agencies, firms and individuals selected as winners of the 7th RTA Safety Award 2015. The award, which is presented annually and recognises the best safety practices of all RTA processes, aims to honour the best consultant, …