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DUBAI / WAM Husin Bagis, Indonesian Ambassador to the UAE, accompanied by Ridwan Hassan, Consul-General of the Republic of Indonesia in Dubai, on Sunday rang the Nasdaq Dubai market-opening bell to celebrate the listing of two green Sukuk issued by the government of Indonesia, with a total value of $2 billion. Indonesia intends to use the capital raised by the ...

Dubai / WAM The Business Registration and Licensing (BRL), sector in the Department of Economic Development (DED), Dubai, stated that 4,086 companies operated in the gold sector in Dubai, according to a report issued by the sector. The report includes statistics on the number of companies operating in Dubai, the activities of the gold market sector, and the distribution of the ...

Abu Dhabi / WAM The Environment Agency – Abu Dhabi (EAD), announced a Sustainable Aquaculture Policy for the Emirate of Abu Dhabi geared towards promoting the growth of a competitive local aquaculture industry that will assist in reducing pressure on the severely exploited local fisheries. The policy will also contribute to food security and economic growth for the UAE by producing ...

Bloomberg President Donald Trump said the US is making “great progress” in trade negotiations with Japan even though a deal could come only after the latter’s elections in July. “Agriculture and beef heavily in play” in the talks, Trump tweeted after spending about 2 1/2 hours golfing with Japanese Prime Minister Shinzo Abe. “Much will wait until after their July ...

Bloomberg The US escalation of trade tensions won’t solve any of its problems but will create volatility in global markets and hurt the world economy, according to China’s top financial regulator. Higher US tariffs will have a “very limited” impact on China’s economy even if it raises levies to the maximum level, and would hurt the US about as much, ...

Bloomberg The Trump Administration unveiled its latest package to help farmers survive a trade war with China, adopting a model that aims to avoid influencing production decisions. The corn futures fell. The program includes $14.5 billion in direct payments to producers. Aid for most crops will be calculated based on what is grown in each county rather than just individual ...

Bloomberg Samarco Mineracao SA, the Brazilian mining venture that hasn’t operated since a deadly dam collapse in 2015, is postponing restructuring talks for $3.8 billion of debt until at least November, according to three people with knowledge of the plan. Creditors of the company’s $2.2 billion in defaulted bonds and $1.6 billion in loans and other obligations are agreeing to ...

Bloomberg Facebook Inc. said it removed 2.2 billion fake accounts in the first quarter, a record that shows how the company is battling an avalanche of bad actors trying to undermine the authenticity of the world’s largest social network. In the final quarter of 2018, Facebook disabled just more than 1 billion fake accounts and 583 million in the first ...

Bloomberg Iran’s top diplomats are touring neighboring countries, including three Arab Gulf monarchies, to try to shore up support after the US announced plans to increase troop deployments in the region and sell weapons to some of the Islamic Republic’s top rivals. Foreign Minister Mohammad Javad Zarif arrived in the Iraqi capital, Baghdad, for meetings about the frictions, the semi-official ...

Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, attended a celebration held at the Sheikh Zayed Grand Mosque to mark Zayed Humanitarian Work Day, which falls on 19th of Ramadan every year. The event was sponsored by the Ministry of Presidential Affairs and organised by the General Authority for ...