Bloomberg Oil prices climbed to a two-month high as China was said to offer a trillion-dollar buying spree to defuse trade tensions with the world’s biggest economy. Futures climbed 3.3 percent in New York to cap the third straight weekly increase. Bloomberg News reported China proposed a six-year shopping binge for American goods, diminishing concerns about a brake on economic ...

DUBAI / WAM The key to African economic emergence lies in the removal of barriers, increased connectivity between nations and infrastructure development, DP World’s Group Chairman and Chief Executive Officer, Sultan Ahmed Bin Sulayem, told African leaders and top executives in Dakar, Senegal. “We believe in viability of Africa, we believe in investing in the continent, during our investment in ...

GANDHINAGAR, India / WAM Narendra Modi, Prime Minister of the Republic of India, today met with Dr. Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, and Dr. Ahmed Al Banna, UAE Ambassador to India. They explored prospects for further cooperation between the UAE and India, building on the strong existing ties between the two countries, and discussed ...

HADRAMAUT / WAM A power generator has been delivered by the Emirates Red Crescent (ERC) on Saturday in the Ramah district in Hadramaut Desert, as part of the continuous Emirati support for the energy sector in particular and infrastructure of the entire region in general. Sheikh Mohamed Ahmed Al Menhali, representative of the Ramah Local Council, expressed thanks to the ...

Karachi / WAM The Sheikha Fatima Field Humanitarian Hospital has been opened in Karachi by Hamad Obeid Ibrahim Salim Al Zaabi, the UAE Ambassador to Pakistan, to provide therapeutic, diagnostic and preventive services to underprivileged segments of society, primarily women, children and elderly people, in Pakistan. Noura Al Suwaidi, Director of the General Women’s Union, said the facility, which provides ...

Abu Dhabi / WAM From its inception in 1971 until December 2018, the Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, has financed hundreds of development projects worth AED4.4 billion ($1.187 billion) in the renewable energy sector around the world. Driving the objectives of the United Nations’ Sustainable Development Goals (SDGs), these projects have ...

Bloomberg US President Donald Trump agreed to hold a second summit with North Korean leader Kim Jong-un at the end of February. What the two leaders hope to achieve remains a mystery. The summit announcement came after a 90-minute White House meeting between Trump and Kim Yong Chol, one of the North Korean leader’s top aides. They discussed “denucleariaation and ...

Bloomberg A pipeline explosion north of Mexico City killed at least 66 people, confronting President Andres Manuel Lopez Obrador with the biggest crisis since he took office pledging to crack down on graft and fuel theft. Petroleos Mexicanos said its specialists and local officials were working to deal with a fire caused by the illegal tap on the gasoline line ...

Bloomberg President Donald Trump promised a “major announcement” on the government shutdown as he and House Speaker Nancy Pelosi headed into a long holiday weekend with no sign their increasingly acrimonious standoff is any closer to an end. The president plans to renew his demand for a wall on the US border with Mexico, but also offer incentives for congressional ...

Bloomberg Hungarian labour unions are staging nationwide protests and threatening the first general strike since the end of communism to pressure Prime Minister Viktor Orban into repealing a controversial new law on overtime. Rallies were planned in Budapest and more than a dozen other cities on Saturday against what critics have dubbed the “slave law”, which allows companies to ask ...