Abu Dhabi / WAM The Emirates Red Crescent (ERC), has intensified its urgent relief aid efforts to the residents of the Red Sea Coast of Yemen since the start of October. The ERC previously declared a comprehensive plan to rebuild the Red Sea Coast, at a cost of AED107.1 million, which includes the restoration of a 143-kilometre international coastal road, ...

Dubai / WAM The Business Registration and Licensing (BRL) sector in the Dubai Department of Economic Development (DED) issued 1,898 new licenses during October 2018, an increase of 25.8% compared to September (1,509 licenses), as Dubai remained a destination of choice for investment in diverse business sectors. Among the new licenses issued, 62.1% were commercial, 35.5% professional, 1.4% related to ...

Bloomberg So many world leaders came to the French capital on Sunday to commemorate the end of World War I that organisers had to use buses to move them around. But the focus was on whether two of the 69 — Donald Trump and Vladimir Putin — would find time to get together amid the ceremonies. French President Emmanuel Macron ...

Bloomberg Wildfires north of San Francisco and near Los Angeles have killed at least 23 people, caused record destruction and forced the evacuation of more than 250,000 people, including in Malibu, the coastal enclave of the rich and famous. The fires have spread to more than 170,000 acres and threaten to destroy tens of thousands of structures, according to the ...

Bloomberg Sri Lanka’s ousted PM Ranil Wickremesinghe is ready for polls after President Maithripala Sirisena dissolved the island nation’s parliament and called for a snap general election. “We are prepared to go for an election, but this is illegal,” said Harsha De Silva, who was state minister of economic affairs under Wickremesinghe’s government. “There will be a massive backing of ...

Bloomberg Poland is set to mark the centennial anniversary of regaining its sovereignty amid concerns that events on Sunday may be hijacked by far-right groups. PM Mateusz Morawiecki said this week that he expects as many 200,000 to gather in Warsaw and celebrate independence in an outpouring of patriotism. The government and nationalist groups will march together, in a test ...

Bloomberg A top Chinese official gave National Security Adviser John Bolton a pointed warning on Taiwan, as the two sides began a round of high-level meetings to bolster relations strained by trade disputes. Yang Jiechi — a member of Communist Party’s 25-seat Politburo — told Bolton during a meeting at the White House that the status of the democratically run ...

Bloomberg European Union President Donald Tusk said he has “different views” from US President Donald Trump on trans-Atlantic relations and other elements of geopolitical order, pushing back after the American leader’s latest criticism of Europe. Tusk’s remarks came after Trump called “very insulting” comments by French President Emmanuel Macron that a “strong and sovereign Europe” was needed to defend its ...

Bloomberg A debate is breaking out in the Treasury market before Wednesday’s release of US consumer-price data as tumbling crude oil leads investors to ratchet back inflation expectations. In one camp, you have the likes of Societe Generale SA. The bank sees price pressures building into 2019, fuelling demand for inflation protection, in part as investors anticipate more US tariffs ...

Bloomberg Even fund managers who were once shunning the pound are now betting on a rally as the UK inches towards a Brexit divorce deal. Allianz Global Investors, which has been consistently short the pound since the referendum in 2016, has switched to multiple long positions on the currency. Union Bancaire Privee sees volatility rising and is looking to buy ...