One Belt, One Road (OBOR) is China’s plan to expand its politic and economic influence via a network of economic integration initiatives with stops across three different continents. China has big plans to fund the initiative. The Chinese Development Bank (CDB), the lead financial body for OBOR, will invest $890 billion into over 900 projects. China has also announced …

  BLOOMBERG Stocks declined worldwide and emerging-market currencies slid to a one-month low after two Federal Reserve officials signaled that the U.S. economy could warrant a rate hike at the central bank’s meeting next month. Equities gauges in the U.S., Europe and developing nations maintained losses, while the dollar pared gains after a report showed companies added fewer workers in …

  ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 0.24% to close at 4469.04 points. Accordingly the Market Capitalization has gained AED 1.75 billion attaining AED 724.94 billion. A total of 442.36 Million Shares were traded with a total value of AED 0.64 billion during the trading session of 04-05-2016 through 7443 transactions. The number of companies …