Bloomberg Central banks should accept that reversing crisis-era monetary policy will be “bumpy” and shouldn’t delay doing so just for fear of upsetting financial markets, according to the Bank for International Settlements. Claudio Borio, who heads the institution’s economics department, urged policy makers to press ahead, both to address financial stability risks and to insulate their economies against the next ...

Abu Dhabi / WAM President HH Sheikh Khalifa bin Zayed Al Nahyan issued a number of Federal Decrees on the ratification of international and bilateral agreements between the UAE and a number of friendly countries, as well as establishment of UAE Embassy in the Maldives. The Decrees were published in the latest issue of the Official Gazette. Federal Decree No. ...

CALIFORNIA / WAM A delegation led by Saeed Mohammed Al Tayer, MD and CEO of the Dubai Electricity and Water Authority (Dewa), has visited the US. The visit is part of Dewa’s efforts to expand cooperation with international universities, companies and research centres, and review best practices and the latest research in a variety of areas, including renewable energy, water, ...

DUBAI / Emirates Business The food and beverage (F&B) sector based in Jebel Ali Free Zone (Jafza), the UAE’s premier regional business and logistics hub, showed significant growth in 2017 reflecting continuing confidence in the industry in the UAE. The sector’s volume of trade rose to 3.5 million metric tonnes, valued at AED11.1 billion which accounted for 17.85 percent and ...

ABU DHABI / WAM The Abu Dhabi City Municipality (ADM) launched a new service, as part of the Unified Portal Services App of the Department of Urban Planning and Municipalities, named RASID. The service aims to engage community members in identifying eyesores that detract from the appearance of public facilities, cities, and streets, as well as public and private facilities. ...

ABU DHABI / WAM The capital value of local public shareholding companies registered at the Securities and Commodities Authority (SCA) reached AED410.36 billion at the end of 2017, according to the SCA’s latest statistics. In 2017, the SCA registered five public shareholding companies, including two public companies and three private companies, with their total capital value reaching AED74.4 billion. Abu ...

DUBAI / WAM Emirates Global Aluminium (EGA) received its first shipment of bauxite ore in preparation for the commissioning of its under-construction Al Taweelah alumina refinery. The 61,450-tonne shipment of bauxite from Compagnie des Bauxites de Guinee sailed to the UAE from Republic of Guinea in West Africa in 33 days. Once Al Taweelah alumina refinery is at full production, ...

MORONI / WAM Comoros President Azali Assoumani received His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, who is currently on an official visit to the country. The meeting was attended by Comoros’s Minister of Foreign Affairs, International Cooperation and the Francophonie, Mohamed El Amine Souef and the country’s Minister of State for Foreign ...

NEW DELHI / WAM India on Sunday expressed confidence that the upcoming visit of His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, “would provide the two sides with an opportunity to further strengthen their Comprehensive Strategic Partnership.” Raveesh Kumar, Joint Secretary and Spokesperson of the Ministry of External Affairs, warmly recalled Sheikh Abdullah’s ...

New York / WAM UN Women and the UAE-based non-profit NAMA Women Advancement Establishment (NAMA) signed a Memorandum of Understanding (MoU) in New York, to consolidate their efforts in implementing the UN Women Flagship Programme “Stimulating Equal Opportunities for Women Entrepreneurs” in South Africa, the UAE and the region, with support from UN Women headquarters. To be implemented in a ...