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FUJAIRAH / WAM The UAE Armed Forces have continued preparations for the Military Show ‘Union Fortress 4’, which is scheduled to be held on February 2 at the Fujairah Corniche. The Union Fortress 4 will be implemented by main units of ground and air forces, in addition to the Presidential Guard. The aim of this show is to demonstrate the ...

Bloomberg Anwar Ibrahim has emerged as the winner in a district by-election, clearing the way for the formerly jailed leader to become the nation’s eighth prime minister. Anwar, 71, leader of the largest party in the ruling coalition, is set to be inaugurated on Monday after winning 71 percent of votes against six other candidates for a parliament seat, the ...

Dubai / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan issued Federal Decretal Law No. (9) of 2018 on public debt, to enable the federal government to issue sovereign bonds, and help the banking sector meet international liquidity rules as soon as they are issued. In addition, the law will enable banks operating in the state to purchase ...

Abu Dhabi / WAM In line with its efforts to revolutionise its services and enhance investor experience, Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, launched its new integrated digital platform, “Sahmi” which provides digital services for individual investors. The platform was launched during the GITEX Technology Week 2018, in which ADX has a presence at the Abu ...

Bloomberg China’s exports rebounded, while imports remained robust, thanks to strong demand at home and abroad despite worsening relations with the US Exports in dollar terms rose 14.5 percent in September compared to the same period last year, the customs administration said, higher than the forecast of 8.2 percent. Imports climbed 14.3 percent, leaving a trade surplus of $32 billion. ...

Bloomberg A regular client of the International Monetary Fund (IMF), investors are asking whether Pakistan’s 13th loan program since the late 1980s will finally break a cycle of financial crashes and bailouts. Pakistan’s history of taking the lender’s money while dragging its heels on economic reforms suggest otherwise. With Islamabad now formally requesting IMF aid — seeking to raise anywhere ...

Bloomberg The UK Treasury is planning new measures to encourage investment in machinery and factories to help revive Britain’s flagging productivity, two officials familiar with the matter said. Chancellor of the Exchequer Philip Hammond may use the budget on October 29 to announce the measures, with tax breaks under active consideration, according to the officials, who declined to be named ...

Bloomberg Facebook Inc. said intimate information, including search results, recent locations and hometowns, were stolen from 14 million users by attackers in a major hack of the social network disclosed two weeks ago. The company said the cyber-attack, one of the worst to hit Facebook, affected 30 million people rather than about 50 million the company first reported September 28. ...

Bloomberg A gauge of underlying US inflation was below estimates in September as used-car costs fell and housing rents cooled, signalling that price gains may remain close to where Federal Reserve policy makers want them amid an outlook for continued gradual interest-rate hikes. Excluding volatile food and energy costs, the core consumer price index rose 2.2 percent in September from ...

DUBAI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy and Hartwig Loger, Austrian Minister of Finance have discussed means of strengthening the overall economic, commercial and investment cooperation between the UAE and Austria. During the meeting, which was held at the premises of the Ministry of Economy in Dubai, they also discussed other key issues, such as exchanging ...