BLOOMBERG India has confronted Myanmar in recent months with intelligence showing that China is providing assistance in building a surveillance post on a remote island in the Bay of Bengal, according to Indian officials with knowledge of the matter. Indian government representatives at various levels have shared satellite imagery with Myanmar counterparts that they said depicted Chinese workers helping to ...

OTTAWA / WAM Two people died and more than a million were without power after an ice storm hit Canada’s two most-populated provinces ahead of a holiday weekend, bringing freezing rain and strong winds that toppled trees and weighed down power lines, Reuters reported. Just under a million people did not have power in Quebec and about 110,000 in Ontario ...

BLOOMBERG Policy-sensitive Treasury notes fell and US stock futures advanced after a solid March jobs report did little to alter views on the Federal Reserve’s next policy move. Futures on the S&P 500 erased losses to trade higher, while the two-year Treasury yield jumped 11 basis points to 3.94% after the March jobs report showed payroll growth moderated, while wages ...

BLOOMBERG India announced steps to deepen its foreign exchange market by allowing local residents trade currency derivatives contracts popular in the offshore market, according to the central bank. Local lenders with a so-called IFSC Banking Unit — basically having a unit in the International Financial Services Centre currently in Gift City in Gujarat — will be permitted to offer non-deliverable ...

TIRANA / WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Edi Rama, Prime Minister of the Republic of Albania, have emphasised on the privileged relations between the two nations, This came as the UAE top diplomat met with the Albanian Premier here where he conveyed the greetings of President His Highness Sheikh Mohamed ...

ABU DHABI / WAM The World Trade Organisation (WTO) said that UAE’s trade in goods with the rest of the world hit $1.024 trillion in 2022 as the share of both exports and imports increased on the back of higher crude oil prices. Imports accounted for 22% of that amount while exports grew by 41%. According to the WTO’s Global ...

SHARJAH / WAM The 40th edition of Ramadan Nights 2023 kicked off at the Expo Centre Sharjah. Organised by the Expo Centre Sharjah with the support of the Sharjah Chamber of Commerce and Industry, the event, which will run until April 21, offers an exciting array of entertainment programmes, unique heritage activities, and captivating surprises in the world of shopping. ...

ABU DHABI / WAM Abu Dhabi Future Energy Company (Masdar) announced on Thursday it has achieved financial close on three solar photovoltaic (PV) projects it is developing in the Republic of Uzbekistan. Construction will begin imminently on the plants, which will have a combined capacity of around 900 megawatts — the largest solar development programme in the region. Financing for ...

ABU DHABI / WAM The Central Bank of the UAE (CBUAE) issued a new banknote of AED1000 denomination, made of polymer for circulation in the market. The new banknote will be available at banks and exchange houses starting from April 10. In the design of the new banknote, the CBUAE was keen to highlight the success story of the UAE, ...

LATAKIA / WAM Upon the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the Emirates Red Crescent (ERC) announced the construction of 1,000 prefabricated housing units worth AED65 million, as part of its participation in Operation “Gallant Knight 2” launched by the Joint Operations Command of the Ministry of Defence to assist Syrian families affected by the ...