Bloomberg The world’s largest chocolate market is finally getting a taste of the ruby range, the first new type in more than 80 years. Switzerland’s Barry Callebaut AG, the top maker of bulk chocolates, is rolling out its ruby breakthrough in the US almost two years after announcing the discovery. The new type of chocolate, with its pinkish hue, expanded ...

Bloomberg Oil rose as Saudi Arabia reported drone attacks on pumping stations, the latest escalation in Middle East tensions after tankers were hit by sabotage over the weekend. Futures rose 1.2% in New York, reversing the previous day’s drop. Unidentified dro-nes attacked two pumping st-ations belonging to Saudi Ara- mco, forcing the state oil company to suspend operations in the ...

ABU DHABI / WAM Aldar Properties PJSC has reported a 20 percent year-on-year increase in revenue to AED1.76 billion in the first quarter of 2019. Asset management net operating income rose 9 percent to AED 431 million, driven by last year’s asset acquisitions while development sales totalled AED1 billion in the first quarter of 2019, up 49 percent from year ...

Bloomberg The US prepared to hit China with new tariffs even as President Donald Trump said he’ll meet his Chinese counterpart, Xi Jinping, at next month’s G-20 summit, an encounter that could prove pivotal in a deepening clash over trade. The US Trade Representative’s office released a list of about $300 billion worth of Chinese goods including children’s clothing, toys, ...

DUBAI / Emirates Business Emirates NBD, a leading financial institution in the region has bagged four prestigious titles at The Asian Banker’s International Excellence in Retail Financial Services 2019 Awards. Emirates NBD was named ‘best retail bank in the Middle East’ and ‘best retail bank in the UAE’, in recognition of the various milestones achieved by the retail banking division ...

Bloomberg Bitcoin strengthened past $8,000 for the first time in about 10 months on Tuesday, crossing another milestone as cryptocurrencies continued their scorching rally. The largest digital token climbed as much as 3.8% before trading at $8,096 in London, according to Bloomberg composite pricing. Tuesday’s advance follows a 25% surge a day earlier — the biggest one-day increase for Bitcoin ...

ABU DHABI / Emirates Business Etihad Airways, the national airline of the UAE, announced it is extending its free Abu Dhabi stopover campaign to the end of the year due to the popularity of the special offer in its opening month. Travellers flying through the capital of the UAE with the airline are invited to enjoy a free two-night hotel ...

ABU DHABI / WAM The Financial Services Regulatory Authority (FSRA), of the Abu Dhabi Global Market (ADGM), updated its “Guidance for the Regulation of Crypto Asset Activities”, the second edition to the initial guide published on June 25, 2018. The updated guide reinforces the FSRA’s focus and commitment as a financial services regulator to support innovation and maintain rigorous regulatory ...

ABU DHABI / WAM The Higher Shari’ah Authority (HAS), for financial and banking activities in the UAE, has held its third meeting for 2019 under the chairmanship of Sheikh Dr Ahmed bin Abdulaziz Al Haddad, Chairman of the HSA. The Authority reviewed, during the meeting, product approval requests and related inquiries submitted by several Islamic Financial Institutions (IFIs), highlighting the ...

ABU DHABI / WAM Ahmed Hatem Al Manhaly, UAE Ambassador to Mexico, received José Navalón, Ambassador of the Confederation of Chambers of Commerce in Mexico in Charge of the UAE Affairs. During the meeting, Navalón, who participated in the third Global Business Forum on Latin America that was held in Panama, praised the forum’s organisation and the aspirations of the ...