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Bloomberg Indian authorities are scrambling to suppress speculation about bank closures a day after the regulator imposed restrictions on a local lender, the latest indication of how jittery savers are amid a slowing economy and scandals in the financial system. “Reports appearing in some sections of social media about RBI closing down certain commercial banks are false,” the Reserve Bank ...

Abu Dhabi / WAM The UAE has been a home to places of worships of many religions for several decades. Christians of various denominations from across the globe, Hindus and Buddhists from South Asia and elsewhere, and believers of many other religions and sects have been practising their faith in this land of tolerance freely and comfortably. As the UAE ...

Boston / Emirates Business dnata, one of the world’s largest air services providers, continues to expand its catering operations in the United States. The company has opened two new, state-of-the-art facilities at Boston Logan International Airport (BOS) and Los Angeles International Airport (LAX) and now offers quality catering services from six airports in the country. dnata’s catering operations in the ...

DUBAI / WAM Catering to the growing banking demand of SMEs, Mashreq on Wednesday announced the launch of NeoBiz, the first digital banking proposition in UAE that will offer customised digital offerings for SME’s including start-ups and young businesses in the country. With the motto, ‘Built for business’, NeoBiz offers key services including digital onboarding, transparent and simplified products, digital ...

Dubai / WAM The Dubai Diamond Exchange’s newly upgraded auction facility was revealed on Wednesday, in a bid to drive a rise in the number of auctions held in Dubai, and boost sales and trade flows through the emirate. DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, on Wednesday unveiled the redesigned ...

AL AIN / WAM Sheikh Hazza bin Tahnoon bin Mohammed Al Nahyan, Under-Secretary of the Court of the Abu Dhabi Ruler’s Representative in Al Ain Region inaugurated the 11th edition of Al Ain Book Fair, which plays a vital role in bolstering the UAE’s publishing industry. Running at Al Ain Convention Centre until October 3, the Book Fair is held ...

Bloomberg It’s a fight that President Donald Trump has been spoiling for, and one that House Speaker Nancy Pelosi was reluctant to give him. And now, with the involvement of the Democratic front-runner Joe Biden, it’s a fight that could overtake the 2020 presidential campaign, no matter who becomes the Democratic nominee. Pelosi announced a formal impeachment inquiry. If it ...

Bloomberg Rejecting dialogue with the opposition would be “irrational,” Russian President Vladimir Putin told Nicolas Maduro, less than two weeks after the collapse of negotiations between the Venezuelan leader and his main opponent Juan Guaido. Putin, one of Maduro’s few international allies, didn’t offer any major new financial support to the embattled regime in his public comments at the opening ...

Bloomberg A US airstrike killed 11 suspected IS militants in southern Libya, US Africa Command said, its second reported raid in a week against the extremist group that once controlled a key coastal city. The strike was carried out around the town of Murzuq, the same location where a September 19 attack was assessed to have left eight extremists dead, ...

Bloomberg A private army linked to Russian President Vladimir Putin has begun fighting on the front lines of the Libyan war, according to people familiar with the matter, the latest projection of Russian power following a decisive military intervention in Syria. More than 100 mercenaries from the Wagner group headed by Yevgeny Prigozhin, also known as “Putin’s chef” for his ...