Bloomberg India and Pakistan’s bitter rivalry is costing them $35 billion worth of annual trade, the World Bank said in a report. Someone might want to tell the two countries’ leaders — both of whom want to boost trade to battle widespread poverty. The World Bank called for South Asia, the world’s least economically-integrated region, to start cooperating instead of ...

ABU DHABI / WAM Abu Dhabi Global Market (ADGM), has announced the signing of a strategic new Memorandum of Understanding (MoU), with Abu Dhabi Smart Solutions and Services Authority (Adsssa). The new partnership is aimed at exploring innovative initiatives and projects that can greatly contribute towards the development of the financial freezone on Al Maryah Island and reinforce efforts to ...

Dubai / WAM Nakheel awarded a contract worth AED35 million ($9.5 million) for the construction of a sports, health and leisure hub at Dubai’s Jumeirah Park community. Featuring an Olympic-size swimming pool, one of Dubai’s biggest gyms, a Clubhouse, spa and medical centre, the new destination will combine first-class sports facilities with a range of restaurants, cafes, shops and services ...