BLOOMBERG  China took steps to slow a decline in the yuan for a fourth time, as its weakness intensified on souring sentiment towards the world’s second-largest economy. The central bank set its so-called fixing for the managed currency at a stronger-than-expected level, after the offshore yuan extended a seven-month low. The move came after reports that regulators have stepped up …

DUBAI / WAM Dubai Customs has assisted Japanese customs authorities in intercepting a significant quantity of illicit drugs. Up to 700 kilogrammes of “methamphetamine” powder, valued at approximately $310 million, were concealed within a cargo ship originating from an Asian country and bound for Japan. The successful operation led to the apprehension of both the cargo ship and the illegal …

VIENNA / WAM Over the last 54 years, the Opec International Seminar constitutes one of the most major events in the international energy calendar in reshaping the future of the global energy industry and its fair transition towards sustainability and addressing consequences of climate change. The Emirates News Agency (WAM) has signed an agreement with the Organisation of the Petroleum …