DUBAI / WAM Etihad Credit Insurance (ECI), the credit protection company of the UAE government, has signed an MoU with Export Insurance company “KazakhExport” to enhance trade and support sustainable economic growth between the UAE and Kazakhstan. The MoU is in line with the “We the UAE 2031” vision aimed at strengthening bilateral economic relations between the two countries, driving …

LATAKIA / WAM The Emirates Red Crescent (ERC) delegation has distributed Eid clothing to more than 100 orphan and cancer patients children in the governorate of Latakia, Syria. The gesture was part of Operation Gallant Knight 2, a humanitarian initiative launched by the Joint Operations Command of the Ministry of Defence. The aim of the operation is to bring joy …

BLOOMBERG  China’s central bank surprised most economists and market participants by cutting a short-term policy interest rate, a sign that officials are increasingly concerned about faltering growth and are stepping up stimulus to boost the recovery. The People’s Bank of China (PBOC) lowered the seven-day reverse repurchase rate by 10 basis points to 1.9% on Tuesday, the first reduction in …