ABU DHABI / WAM Abu Dhabi Exports Office (Adex), the export-financing arm of Abu Dhabi Fund for Development (ADFD), signed a $30 million (AED110.19 million) line-of-credit agreement with the Eastern and Southern African Trade and Development Bank (TDB) to bolster trade between the UAE and the Bank’s Member States. The first of its kind to be signed by Adex with ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa) announced the signing of a Memorandum of Understanding with Dubai Municipality to consolidate cooperation on developing a geolocation infrastructure project in Dubai as part of the Geo Dubai initiative. The MoU, signed by Saeed Mohammed Al Tayer, MD & CEO of Dewa; and Dawood Al Hajri, Director-General of Dubai Municipality, includes ...

Getting a touch ahead of events, the New York Times noted last week that the recent electoral victories of the Scottish National Party could lead to “the biggest blow to a British prime minister since Lord North lost the colonies in America.” The markets took a different view. In trading, after the election results were clear, sterling rose against the ...