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DUBAI / WAM Dubai Customs has launched its official page on LinkedIn to connect with clients, employees, and the LinkedIn community. Director of Dubai Customs Ahmed Mahboob Musabih who launched the organisation’s page on the globally recognised professional platform said that the move is aimed at empowering the organisation to engage the world’s professional community and attract more talents in ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and the Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, attended the signing of two agreements between Expo 2020 Dubai and the Ministries ...

ABU DHABI / WAM Abu Dhabi Ports, the master developer, operator and manager of the emirate’s commercial and community ports on Saturday, announced plans to design and construct a new cruise jetty at Sir Bani Yas Cruise Beach, off the coast of Abu Dhabi. The AED 100 million (€24.5 million) new jetty project will be completed in Q4 2020, in ...

ABU DHABI / WAM After another successful year for tourism in Abu Dhabi, which saw a 5% year-over-year increase of American visitors, the country’s capital made a compelling case at this year’s New York Times Travel Show about why American visitors should make 2020 the year they visit Abu Dhabi. Abu Dhabi’s participation in the travel show was organised by ...

Bloomberg The Federal Reserve Board said that the coronavirus outbreak presented a “new risk” to the economic outlook for the US and warned of disruptions in global markets. “Because of the size of the Chinese economy, significant distress in China could spill over to US and global markets through a retrenchment of risk appetite, US dollar appreciation, and declines in ...

Bloomberg The International Monetary Fund’s (IMF) top deputy, David Lipton, will depart after nine years, handing President Donald Trump a chance to install an ally at the head of the institution. Lipton and another senior official are leaving in the first significant shakeup of the leadership team by Managing Director Kristalina Georgieva, who took office in October. Lipton, the IMF’s ...

Bloomberg Two former managers of a German bank were arrested in a money-laundering probe linked to Denmark’s $2 billion Cum-Ex tax scandal. The two North Channel Bank managers were taken into custody on February 4, prosecutors in the German city of Koblenz said in a statement. It’s part of a probe into the actions of the pair and five other ...

Bloomberg Bank of America Corp (BofA) awarded Chief Executive Officer Brian Moynihan $26.5 million for 2019, unchanged from a record amount a year earlier. Moynihan, 60, received $25 million in stock grants and a $1.5 million salary, the bank said in a filing. While he hasn’t received a cash bonus since 2007, part of his stock award will settle in ...

Bloomberg Australia’s central bank chief Philip Lowe signalled his board is firmly on hold for now, saying further cuts to the nation’s already historically-low interest rate risk doing more long-term damage to the economy than the short-term benefit they would create. “While it’s plausible that we can move towards our goals, at least right at the moment the risks have ...

Bloomberg Philippine central bank Governor Benjamin Diokno said he anticipates the next interest-rate cut will probably come around the middle of this year. The bank will remain “data-dependent,” but still has monetary policy space to ease after it lowered interest rates for the fourth time in a year, Diokno said in an interview with Bloomberg TV’s Haidi Lun. Bangko Sentral ...