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ABU DHABI / WAM Zayed University and Marsh, a global leader in insurance broking and risk management, has signed a Memorandum of Understanding (MoU) at Zayed University in Dubai campus in the presence of Robert M. Makhoul, Executive Chairman of Marsh Middle East and North Africa and Professor Reyadh AlMehaideb, Vice President of Zayed University. Zayed University and Marsh will ...

China’s new Asian Infrastructure Investment Bank (AIIB) has been the source of considerable debate. While its supporters believe the bank will fill a much needed investment gap in Asia’s economic development, its naysayers worry that China will use it to further its own economic and strategic goals in the region. They say the very structure of the AIIB allows China ...

EU President Donald Tusk’s stark warning to economic migrants not to come to Europe because it will not welcome them anymore, reflects the deepening refugee crisis in Europe, where some states have been restricting their borders to stem the influx of refugees. “I want to appeal to all potential illegal economic migrants wherever you are from: Do not come to ...

A commentary by Vasily Kashin, published by Russian news agency Sputnik on March 1, straightforwardly wrote that China has overestimated the effect of its “economic diplomacy,” and has underestimated the influence of factors like politics, ideology, and military relations. Kashin argues that China has upheld a rather naive belief that as long as it increases trade and investment, it will ...

Adam Minter Airline passengers are being packed into planes “like sardines,” says U.S. Senator Charles Schumer. So he wants the Federal Aviation Administration to set minimum seat-size guidelines. The point, Schumer suggested, is to right an injustice: “It’s just plain unfair that a person gets charged for extra inches that were once standard.” In other words: Everyone could soon get ...

ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 1.18% to close at 4418.81 points. Accordingly the Market Capitalization has gained AED 8.38 billion attaining AED 716.79 billion. A total of 0.88 billion Shares were traded with a total value of AED 1.28 billion during the trading session of 03-03-2016 through 12114 transactions. The number of companies which ...

Bloomberg Asian shares and currencies rose along with industrial metals as improving U.S. economic data coupled with prospects for stimulus in China spurred risk-taking. The MSCI Asia Pacific Index was set for its biggest three-day rally since August, led by banks and raw-materials producers. The Stoxx Europe 600 Index snapped a five-day winning streak. South Korea’s won and Malaysia’s ringgit ...

Bloomberg Investors in European companies reliant on developing nations for revenue are proving less bullish in the prospects for a rebound in emerging markets than firms including Citigroup Inc. and Fidelity Investment Management. The region’s shares with the highest exposure to developing countries trade near record lows relative to those reliant on Europe and the U.S., according to Morgan Stanley ...

Athens / AFP EU President Donald Tusk on Thursday issued a stark warning to economic migrants not to come to Europe, as he castigated countries for taking unilateral action to tackle the crisis. On a visit to Greece — on the frontline of Europe’s worst migration crisis since World War II — Tusk told economic migrants it was pointless to ...

Bloomberg The pound ended its longest run of gains in seven months versus the euro and struggled to maintain a rally against the dollar as evidence mounted that the U.K. economy is losing momentum. Sterling retreated against 12 of its 16 major counterparts after a February index of U.K. services, which account for about three quarters of the nation’s output, ...