In the affluent nations of northwestern Europe, people with university educations have taken over politics. Cabinet ministers with fancy degrees are nothing new, but more and more parliamentary seats have been going to college graduates. In some countries, the highly educated’s share of seats is completely unprecedented. In others, it hasn’t been this high since the 1800s, when politics was ...

Bloomberg Stocks fell and gold and the yen climbed as geopolitical tensions flared up again, with U.S. President Donald Trump weighing new economic sanctions that could target China after a nuclear test on Sunday by North Korea. The Stoxx Europe 600 Index declined, with all industry sectors in the red, after a report that Pyongyang is preparing to launch an ...

Reuters Stock markets in the United Arab Emirates were mostly quiet on Monday as they resumed trading after a long holiday weekend for Eid al-Adha, but Abu Dhabi-listed Dana Gas soared after it agreed on overdue payments from Iraqi Kurdistan’s government. Dana jumped 14.1 percent to 0.73 dirham, its highest level since early July, and was by far the market’s ...

Bloomberg UK Brexit Secretary David Davis dismissed as “nonsense” published reports that Prime Minister Theresa May is set to approve paying as much as 50 billion pounds ($64.8 billion) to leave the European Union. May is ready to agree to the total in a bid to kickstart trade talks, but won’t disclose details until after the Conservative Party conference in ...

Dubai / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA) announced that the authority has made progress in the supply, extension and commissioning of major water transmission networks, with a total length of 46km, and a total cost of AED260 million, in various parts of Dubai. Al Tayer said, “To date, approximately 13km, ...

Dubai / WAM Despite the summer being a typically slow period for markets, the Dubai Gold and Commodities Exchange (DGCX) witnessed an uptick in trading volumes in key products, predominantly driven by increased investor interest in the Exchange’s offerings in Euro Futures, INR Options and Indian Single Stock Futures. The Exchange has strategically used the summer months to roll-out several ...

Abu Dhabi / WAM The Ministry of Education and the Abu Dhabi Education Council (ADEC), on Sunday announced a plan to begin a process to achieve the standardisation of their education systems to support a unified and highly-performing education sector across the nation. The plan will unify the education sector through the development of the Emirati School Model across all ...

Dubai / WAM The future plans for the use of the Expo 2020 Dubai site after it closes its doors in April 2021 will be revealed at CityScape Global 2017, taking place at the Dubai World Trade Centre next week, from September 11-13. The integrated development of the Expo site, post-2021, has been a central part of the planning process ...

MAKKAH / WAM The Official UAE Hajj Mission has distributed 153,000 meals to pilgrims of various nationalities at the holy sites during their Hajj, to honour the memory of the late Sheikh Zayed bin Sultan Al Nahyan. Dr. Mohammed Matar Al Kaabi, Chairman of the General Authority of Islamic Affairs and Endowments and Head of the Official UAE Hajj Mission, ...

Dubai / WAM In his capacity as the Ruler of Dubai, Vice President and Prime Minister, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has issued Law No. 10 of 2017 regarding the Zayed bin Mohammed Family Gathering. Sheikh Mohammed also issued Decree No. 22 of 2017 appointing HRH Princess Haya bint Al Hussein as Chairman of the Board of ...