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EMIRATES BUSINESS The sixth edition of the SIKKA Art Fair continues to host an exciting line-up of music, dance, plays, poetry recitals, improvisational performances and open- air cinema screenings till March 24, featuring local and international talents at the Al Fahidi Historical Neighbourhood in Bur Dubai. SIKKA Art Fair is the flagship arts and cultural initiative organised by Dubai Culture ...

EMIRATES BUSINESS Statistics Center — Abu Dhabi released a new issue of its monthly report on the consumer price index (CPI) and the inflation rate in the Emirate of Abu Dhabi for February 2016, replacing, with 2014 as the base year. This CPI is used in measuring inflation and represents an important input in conomic and monetary planning. As the ...

Sunaina Rana / Emirates Business From sophisticated oil paintings to mammoth sculptures, artists from across the globe exhibited their fine pieces of equestrian art in front of a crowd which has an eye for purebred Arabian horses, at the 12th Dubai International Horse Fair Art Gallery. Held under the patronage of HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler ...

Dubai / Emirates Business Preparations are proceeding on-schedule and according to plans for the Mother of the Nation Festival and its five distinct activity zones, as announced by the organising committee at Abu Dhabi Tourism & Culture Authority. The update comes ahead of the Festival’s official launch on Thursday, March 24. With only five days remaining until the Festival opens ...

Bloomberg Stephen Crabb, the ex-secretary of state for Wales, has been appointed to succeed Iain Duncan Smithas U.K. work and pensions secretary after the former Conservative leader resigned in protest at planned cuts to welfare payments for the disabled. The move comes after Duncan Smith dramatically resigned last night, sending PM David Cameron a two-page letter that attacked a series ...

Bloomberg The outlook on Serbia’s junk credit rating was raised to positive by Moody’s Investors Service, which cited the country’s implementation of structural and fiscal reforms to help ease its debt burden. Moody’s left the Balkan nation’s sovereign debt rating at B1, four steps short of investment grade and on par with Vietnam and Kenya. Fitch Ratings has Serbia at ...

Bloomberg Bonds are set to extend this week’s gains because investors are underestimating the power of the European Central Bank’s stimulus, says Commerzbank AG, ranked as the top dealer by Germany’s debt agency. Government securities across the euro zone rose this week as the Federal Reserve said on Wednesday it will raise interest rates more slowly than previously anticipated. Its ...

Bloomberg Next Wednesday marks exactly three months until Britain’s referendum on its European Union membership. That gives another opportunity for an insight into how concerned pound traders are about the outcome. The benchmark three-month gauge of volatility in sterling versus the dollar will cover the June 23 vote for the first time next week, giving traders another instrument to protect ...

Aberdeen / AP It’s Thursday night and the Spider’s Web watering hole is packed with beefy guys in windproof jackets and massive backpacks. The exhausted oil rig workers pile their bags against the wall, play pool or just slump in the leather seat. But despite the crowded atmosphere, there’s not much laughter. It’s not work that bothers them, but the ...

WASHINGTON / AP Cuba’s government said it plans to do away with a penalty on converting U.S. dollars, but warned the Obama administration not to expect more changes until the U.S. trade embargo is lifted. Three days before President Barack Obama visits the island, Cuban Foreign Minister Bruno Rodriguez dismisses Obama’s lofty rhetoric about using his visit to speak directly ...