Bloomberg Global debt loads surged during the second quarter as households seized on low mortgage rates and governments continued borrowing heavily to revive pandemic-battered economies. The amount of the world’s outstanding debt swelled during the three months by about $4.8 trillion to a record $296 trillion, according to a report by the Institute of International Finance. The increase was led ...

ABU DHABI/ WAM In his capacity as Ruler of Abu Dhabi, President HH Sheikh Khalifa bin Zayed Al Nahyan, issued a law establishing the Creative Media Authority as part of the Department of Culture and Tourism – Abu Dhabi. The authority aims to enhance growth of emirate’s creative sector and will act as a regulatory and supervisory body, ensuring hard ...

ABU DHABI / WAM The number of Israeli companies operating in the UAE is expected to grow 100 percent by 2022, the President of the UAE-Israel Business Council (UIBC) told Emirates News Agency (WAM). “With bilateral trade expected to exceed $1 billion in 2021, $3 billion in three years, and over 500 Israeli companies (currently) importing, exporting and operating in ...