ABU DHABI / WAM The United Arab Emirates is the sixth largest source of the Foreign Direct Investment (FDI), inflows to Sri Lanka, and its largest trading partner in the Middle East with bilateral trade representing more than half of the country’s total trade with the region, a top Sri Lankan official told the Emirates News Agency (WAM). There was …

AL AIN / WAM Strata Manufacturing, the advanced composite aero-structures manufacturing facility wholly-owned by Mubadala Investment Company, successfully delivered its first shipset of Empennage Ribs for the 777X, the world’s largest and most efficient twin-engine jet produced by Boeing. The announcement, made during Dubai Airshow 2019, follows the landmark agreement between the two companies signed during Abu Dhabi Global Aerospace …

Bloomberg China’s central bank said it will “increase counter-cyclical adjustment” to ward off downward pressure on the economy, while staying vigilant on the possibility of expectations that inflation may spread. The economy faces greater difficulties as investment growth slows and industrial production remains sluggish, the People’s Bank of China (PBOC) said in its third-quarter monetary policy report. The central bank …