Bloomberg Emerging-market stocks retreated from their highest level in a year as oil’s descent into a bear market weighed on energy producers and investors assessed the outlook for the global economy. Shares in Russia and the oil-exporting Gulf region led losses as oil traded near $40 a barrel in New York after tumbling to the lowest close since April …

  Dubai / WAM AED1 billion is set to be invested in projects and companies of Dubai Future Accelerators – the ambitious programme launched to advance research and development, and entrepreneurship, in strategically important sectors in the UAE. The move follows the directives of Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum. …

  Dubai / WAM A recently-released Dubai Chamber of Commerce and Industry special report has revealed that the UAE is becoming increasingly competitive in Saudi Arabia’s import market, as the Kingdom constitutes the 2nd largest destination for UAE-made products after India. The movement of goods between the two countries has been facilitated by the GCC customs unification procedures and efficient transportation …