DUBAI / WAM In line with preparing the draft of the federal budget for the fiscal year 2018, which covers the second year in the five-year plan for 2017-2021, H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance (MoF), issued the financial circular No. (1) of 2017 concerning the preparation of the draft ...

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Thursday attended the Hosn Al Ittihad (Union Fortress), a public live military demonstration involving all branches of the UAE Armed Forces, held at Abu Dhabi’s Corniche. HH the Crown Prince was flanked by ...

  Abu Dhabi / WAM Etisalat Group and Qualcomm Technologies Inc. have on Thursday signed a strategic agreement to work together to advance the development of next generation network technologies. The collaboration will focus on accelerating 5G standardisation to bring forward the possibility of commercially available 5G networks as early as 2019. As part of the agreement, the two companies will ...

  Abu Dhabi / WAM The 15th edition of the Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX) will be held from September, 12-16 at Abu Dhabi National Exhibition Centre (ADNEC). The event will be held under the patronage of H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in the Western Region and Chairman of the Emirates Falconers Club. The ...

  Dubai / WAM Daily volumes on the Dubai Gold and Commodities Exchange (DGCX) in February traded 62,844 contracts per day. Trading activity on the exchange’s Indian products remained consistent on the back of increased volatility in Indian markets due to the Union Budget announcement made at the beginning of the month and the ongoing state elections. The DGCX Indian product ...

  DUBAI / WAM Representatives from the UAE’s Ministry of Economy and the Federal Democratic Republic of Ethiopia, have discussed the means of developing future economic ties to boost levels of trade, promote bilateral investments and encourage the UAE business sector to explore potential economic opportunities in Ethiopia, notably in commerce, industry, tourism and agricultural investment sectors. The meeting was attended ...

  Bloomberg The dollar extended gains, while Treasuries retreated as bets increased that the Federal Reserve will raise rates in two weeks. US stocks fell from records as a torrid run in bank shares ended. Lenders led declines a day after reaching the highest level since 2007, while energy producers slipped with the price of crude. Data showing U.S. jobless ...

  DUBAI / Reuters Egypt’s stock market rose sharply on Thursday after the finance minister said he would propose only a gradual introduction of a stamp duty on transactions, while stocks going ex-dividend dragged down Dubai. The Egyptian index climbed 2.6 percent as blue chip Global Telecom jumped 7.6 percent. Amr al-Garhy told Reuters on Wednesday that he would propose ...

  KUALA LUMPUR / AP A North Korean envoy rejected a Malaysian autopsy finding that VX nerve agent killed Kim Jong Nam, saying on Thursday the man probably died of a heart attack because he suffered from heart disease, diabetes and high blood pressure. Malaysia dismissed the claim. The death of Kim, the estranged half brother of North Korea’s ruler, ...

  Bloomberg French presidential candidate Marine Le Pen was stripped of her European Parliament immunity from prosecution because of a judicial investigation in France into the posting on her Twitter account of images of murders by IS. The European Union assembly voted by a show of hands on Thursday in Brussels to make the move against Len Pen, who leads ...