February, 2019

• 24 February

  Fed must do more to boost diversity in ranks: Brainard

  

  Bloomberg Federal Reserve Governor Lael Brainard said the US central bank must improve its recruitment of women and people from minority backgrounds because greater diversity leads to better policy decisions. Noting that it was more than a century after the Fed’s creation that the one of its 12 regional banks was headed by an African American — Raphael Bostic, who ...

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• 24 February

  Singapore lenders flag risks from trade war, slowing world economy

  

  Bloomberg After being stung by the market turmoil at the end of last year, Singapore’s banks are bracing for fresh challenges from China-US trade tensions and a slowing world economy. “We expect ongoing global uncertainties to continue to weigh on business sentiment in the near term,” United Overseas Bank Ltd. Chief Executive Officer Wee Ee Cheong told reporters in Singapore ...

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• 24 February

  South Africa sees CPI target staying as range

  

  Bloomberg South Africa’s central bank is unlikely to officially pursue a single point-inflation target soon even though it prefers to anchor price growth close to the 4.5 percent mid-point of its goal range, an adviser to Governor Lesetja Kganyago said. The target range of 3 percent to 6 percent allows for flexibility in protecting the economy from price shocks, Fundi ...

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• 24 February

  Swedbank scandal puts spotlight on CEO’s history of denials

  

  Bloomberg Birgitte Bonnesen, the chief executive officer of Swedbank AB, has consistently denied that her bank had any involvement in the Estonian money-laundering scandal engulfing Danske Bank A/S. This week, her words came back to haunt her. Swedbank was forced to backtrack on its previous assertions and has now acknowledged that it also handled suspicious transactions, which it says have ...

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• 23 February

  Oil rises on trade talks, Opec commitment

  

  Bloomberg Oil in New York posted a second straight weekly advance as investors focus on talks between the US and China on trade and as Opec shows commitment to curbing production. Futures added 0.5 percent in New York to the highest in more than three months. Trade talks in Washington between a Chinese delegation led by Vice Premier Liu He ...

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• 23 February

  UAE becomes number one choice for UK exporters

  

  Emirates Business According to BESA’s latest research, the UAE has overtaken the US and Saudi Arabia as the country that UK companies are most interested in exporting to. The findings come as 83 UK education suppliers have confirmed to exhibit at the influential GESS Dubai 2019, the British Educational Suppliers Association (BESA) announced. GESS Dubai is the leading education conference ...

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• 23 February

  Meraas all set to unveil Dubai Harbour

  

  Dubai / Emirates Business Meraas, a Dubai-based holding company, has announced that it will showcase its industry-defining maritime neighbourhood – Dubai Harbour during the 27th annual Dubai International Boat Show (DIBS) 2019. Set to the highest international standards, Dubai Harbour will be the first yachting community hub in the Middle East. Designed by leading architects with careful attention to detail, ...

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• 23 February

  ERC launches development projects in Sierra Leone

  

  ABU ABU DHABI / WAM The Emirates Red Crescent (ERC), launched a number of development projects in the Republic of Sierra Leone, under the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and the follow-up of HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s ...

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• 23 February

  Ministry holds two-day camp on eco-awareness

  ABU DHABI / WAM The Ministry of Climate Change and Environment (MOCCAE), hosted 40 university students and youth council members at a two-day camp on Sir Bani Yas Island in the emirate of Abu Dhabi. Themed ‘UAE’s Natural Wonders’, the camp was held in collaboration with the Environment Agency – Abu Dhabi (EAD), the Department of Culture and Tourism – ...

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• 23 February

  ‘We must all join forces to make Expo 2020 a success’

  

  ABU DHABI / WAM Stressing the vital importance of Expo 2020 Dubai to the Sultanate of Oman, Dr. Ali bin Mas’oud al-Sunaidy, Minister of Commerce and Industry, said, ”We must all join forces to make this international high-profile gathering a success.” Speaking to the Emirates News Agency (WAM), on the sidelines of the Oman-UAE Economic Forum held in Omani capital, ...

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