Bloomberg As recession looms, stock prices slide and sterling sinks, British firms are backing off expansion and instead handing money back to investors by buying back shares like never before. Companies in the FTSE 100 Index are set to repurchase stock worth almost $57 billion this year, significantly above previous peaks, according to financial services firm AJ Bell Ltd. ...

  Dubai / WAM Non-oil trade of Dubai Airport Free Zone (Dafz), part of the Dubai Integrated Economic Zones Authority (DIEZ), rose by more than 36 percent year-on-year in 2021, reinforcing Dubai’s strength as a global hub for trade and commerce. Figures shared by the Dafz in cooperation with Dubai Customs showed that the free zone’s non-oil trade exceeded AED162 ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a cable of congratulations to Yoweri Museveni, President of Uganda, on the occasion of his country’s Independence Day anniversary. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, sent a similar cable to President ...