ABU DHABI / Agencies The UAE on Thursday affirmed its commitment to the Opec+ agreement. “The UAE remains committed to the Opec+ agreement and its existing monthly production adjustment mechanism,” affirmed Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, in a statement to Emirates News Agency (WAM). “The UAE believes in the value the Opec+ agreement brings ...

  ABU DHABI / WAM Masdar City and Mashreq Bank have signed a Memorandum of Understanding (MoU) to provide financial services to Small and Medium-sized Enterprises (SMEs) and start-ups based in the City. This will include easy access to NeoBiz, the bank’s first digital banking platform designed specifically for start-ups and SMEs. The MoU was signed by Abdulla Balalaa, Executive ...

  DUBAI / WAM HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has announced the launch of the “One Billion Meals” campaign to secure food aid for vulnerable communities in 50 countries. Organised by Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI), the campaign is an expansion of the UAE’s ...

NEW YORK / WAM The United Arab Emirates announced a commitment of $85 million to support humanitarian operations in Ethiopia. In coordination with the Famine Relief Fund, the contribution will be disbursed to several agencies, including the World Food Programme (WFP), the International Committee of the Red Cross (ICRC), the United Nations Children’s Fund (UNICEF), and the United Nations High ...

  Abu Dhabi / Gulf Time Malabar Gold & Diamonds, one of the largest jewellery retailers globally with a strong retail network of over 280 outlets spread across 10 countries celebrate Mother’s Day by launching an exclusive jewellery collection that can be gifted to mothers as a shimmering tribute to their selfless love. Arab Mother’s Day is celebrated on March ...

Russians are facing a psychological conundrum all human beings confront every day, but at a far more consequential level. It is this: How much will they choose to know, or deliberately not know? Their answer may decide the course of history. If the war of aggression by Russian President Vladimir Putin against Ukraine is the world’s most urgent problem, the ...

Investors shouldn’t get overly excited about stock splits. In most cases, they don’t amount to much. After the close of regular trading, Amazon.com shares surged as much as 10% after the internet giant announced plans for a 20-for-1 split. The company also said it would buy back up to $10 billion of its stock. Companies that do stock splits make ...

  Forget the open road. The true emblem of the contemporary United States is the “stroad” — those high-volume, hybrid arteries that are not quite walkable streets, not quite high-speed roads. Lined on both sides by parking lots and strip malls, they are the commercial lifeblood of conventional suburban development. They may also be the answer to America’s housing affordability ...

  It’s a future investors in China must learn to live with: The expanding list of Chinese companies subject to US sanctions or procurement controls. As the US and European Union impose sweeping economic penalties on Russia over its invasion of Ukraine, China Inc can easily become collateral damage, too. The US government has already put Beijing on notice. US ...

  Bloomberg Citigroup Inc, in the midst of overhauling its businesses in Russia when the country went to war, has seen efforts to sell a consumer-banking unit there stall and is helping some employees transfer abroad. The moves show how Vladimir Putin’s invasion of Ukraine has quickly made the future less certain for many of Citigroup’s roughly 3,000 workers in ...