DUBAI / WAM Spending cuts and a relative stability in oil prices are helping GCC states record a current account surplus, the International Monetary Fund (IMF) said on Tuesday. The IMF’s Regional Economic Outlook for the Middle East and Central Asia, released on 2nd May in Dubai, emphasises that the countries will need to continue with plans to diversify ...

  Dubai / WAM Dubai Financial Market (DFM) will organise its International Investor Roadshow in London on May 17 and 18. Senior representatives from 16 companies listed on DFM and Nasdaq Dubai will update London-based international fund managers on their respective companies’ growth strategies as well as most recent developments. Organised in collaboration with HSBC, the roadshow will take place ...

  ABU DHABI / WAM The Nawah Energy Company, the newly-formed nuclear operating joint venture company, between the Emirates Nuclear Energy Corporation (ENEC) and Korea Electric Power Corporation (KEPCO) held its first Board of Directors meeting. The board was chaired by Saeed Fadhel Al Mazrooei, joined by David Scott as Vice Chairman along with board members Mohamed Al Hammadi, Ahmed ...

  Bloomberg US President Donald Trump said he would meet with Kim Jong Un amid heightened tensions over North Korea’s nuclear weapons program if the circumstances were right. “If it would be appropriate for me to meet with him, I would absolutely, I would be honored to do it,” Trump said on Monday in an Oval Office interview with Bloomberg ...

  Bloomberg German Chancellor Angela Merkel told President Vladimir Putin that European Union sanctions will have to remain on Russia, in a chilly encounter in the Black Sea resort of Sochi that exposed their differences on issues from Ukraine and human rights in Chechnya to Russian electoral interference. Addressing a joint press conference with Putin after about two hours of ...

  Bloomberg U.K. Prime Minister Theresa May alluded to the leaked details of her disastrous dinner with Jean-Claude Juncker to remind voters that Brexit talks will be tough and she alone is up to the task. Germany’s Frankfurter Allgemeine Sonntagszeitung newspaper on Sunday said that the European Commission president left the April 26 talks at Downing Street shocked at May’s ...

  Leaked details of a dinner conversation between UK Prime Minister Theresa May and European Commission President Jean-Claude Juncker suggest that the Brexit talks won’t just be contentious — they’ll be brutal. At this point, the perception helps May as much as it does the EU leaders. After the June election in the UK, however, May will be at a ...

  Statements by two leaders in opposite hemispheres could help explain an announcement Tuesday that Infosys Ltd., the Indian outsourcing giant, will hire 10,000 American workers over the next two years. We believe jobs should be offered to American workers firstand. This will be the last year when we can be ahead of the curve in technology … Two years ...

  Finally, thankfully, the first 100 days of the Trump presidency have passed. This meaningless standard for judging a president can now fade into oblivion, where it belongs, and where it will remain for at least another four years. Maybe the passage of the 100-day mark will allow both the president and those who write about him (which includes, of ...

  In the latest attempt to strengthen his grip on power, the beleaguered Venezuelan President Nicolas Maduro has ordered for writing a new constitution. The socialist leader’s call for a constitutional assembly has further angered his opponents whose relentless campaign to oust him has brought hundreds of thousands into the streets demanding his removal. The move comes two days after ...