DUBAI / WAM The Federal Competitiveness and Statistics Authority (FCSA) signed a partnership agreement with the Statistical Centre of the Gulf Cooperation Council for the Arab States of the Gulf (GCC-Stat) as it prepares to host the second UN World Data Forum in the UAE on October 22. The Memorandum of Understanding (MoU) was signed by Abdullah Nasser Lootah, Director-General ...

Abu Dhabi / Emirates Business In a bid to develop its operations and launch strategic initiatives that contribute to the Abu Dhabi Economic Vision 2030, Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, announced an upgrade in the tick size for stocks of companies with a share price of less than 1.00 AED. This announcement is in line ...

DUBAI / WAM Ibrahim Obaid Al Zaabi, Director-General of the Insurance Authority, said that Emiratisation is a vital national issue and requires cooperation between the public and private sectors and relevant institutions, as well as their greater efforts. Al Zaabi added that the authority is working hard to achieve the aspirations and directives of the UAE’s wise leadership with regards ...

DUBAI / WAM The transformation to a green economy needs fundamental cooperation of both the private and public-sector leaderships, and this responsibility will be highlighted at the annual World Green Economy Summit (WGES) 2018. WGES, which will be held October 24-25, will encourage political and corporate leaders to exchange views on how to best use their authority to engage society ...

Bloomberg South Sudan’s warring parties signed a peace deal granting rebels key positions in a transitional government, the latest bid to end an almost five-year conflict that’s claimed tens of thousands of lives. The accord will restore rebel leader Riek Machar as President Salva Kiir’s deputy, while appointing four other vice presidents and adding new posts for ministers and lawmakers. ...

JEDDAH / WAM The Kingdom of Saudi Arabia has suspended diplomatic ties and halted new trade and investment dealings with Canada. The move comes following a statement released by the Canadian Ministry of Foreign Affairs on the arrest of a women’s rights activist. According to the Saudi Press Agency, SPA, the Kingdom’s Ministry of Foreign Affairs expressed its “disbelief” by ...

Bloomberg The Senate Intelligence Committee’s bipartisan Russia probe is increasingly likely to stretch past the midterm elections, as the panel plans to interview more witnesses for a final report detailing its findings, including on the actions of Donald Trump’s 2016 campaign. Panel chairman Richard Burr of North Carolina had wanted to wrap up his probe well before the November congressional ...

Bloomberg Nigerian President Muhammadu Buhari’s re-election bid is facing a growing challenge as members of his party defect to the opposition and support diminishes in a key region that’s stood by him politically for 15 years: the north. Home to about 40 percent of the West African nation’s voters, Nigeria’s North East and North West regions have long been Buhari’s ...

Bloomberg Imran Khan’s party said it has formed a majority in Pakistan’s parliament after coalition talks with smaller groups and independent lawmakers, paving the way for the former cricket star to take over as prime minister. The Pakistan Tehreek-e-Insaf, or Movement for Justice, has 174 members of the national assembly on its side so far, above the 172 needed for ...

Bloomberg Indra Nooyi is stepping down as chief executive officer of food and beverage giant PepsiCo Inc., handing the reins to a top lieutenant in a transition that will draw attention to the dearth of prominent female CEOs in corporate America. Nooyi, 62, will leave the role in October and remain chairman until early 2019. Ramon Laguarta, 54, who has ...