DFSA, StanChart focus on curbing illicit wildlife trade

DUBAI / WAM The Dubai Financial Services Authority (DFSA), hosted senior executives from Standard Chartered Bank to discuss how financial institutions and regulators can work together to help curb illegal wildlife trade and disrupt the flow of illegal funds arising from this predicate crime. David Fein, Group General Counsel at Standard Chartered and Vice-Chair of the Financial Taskforce of the ...

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Qasr Al Watan Palace welcomes visitors

Abu Dhabi / WAM The new Qasr Al Watan Library, located inside Qasr Al Watan Palace in the Presidential Palace compound, is now open to the public, marking the addition of a new major attraction to Abu Dhabi’s cultural and tourism assets. Inaugurated on March 11, Qasr Al Watan Library is distinguished by its exceptional location in the centre of ...

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ERC assists Rohingya refugees in Bangladesh

Dhaka / WAM Refugee camps in Bangladesh will see several support services underway to help improve Rohingya living conditions. The Emirates Red Crescent (ERC), announced on Sunday that it began relief operations to improve sanitation and access to potable water, as well as adequate medical care. An ERC delegation led by Dr. Mohammed Ateeq Al Falahi, Secretary-General of the ERC, ...

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Cityscape to spotlight new UAE developer ventures

Abu Dhabi / WAM Major developers out to lure Abu Dhabi’s property and asset investors maintain ready-made quality infrastructure and attractive payment plans are now key to closing land and villa sales with the UAE capital’s increasingly shrewd buyers. Cityscape Abu Dhabi is set to feature two prominent new-to-market entries to capture sales with strong infrastructure-and-payment pitches. Leading the drive ...

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China top officials pledge lower tariffs to aid growth

Bloomberg China’s top officials pledged to lower tariffs and expedite debt sales in 2019 as they seek to manage an economic slowdown while tackling the trade standoff with the US. The country will continue to cut import taxes and create a first-rate environment for foreign businesses as it opens up the economy, Vice Premier Han Zheng said at the China ...

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Miners halt output as cyclones batter Australia

Bloomberg Global miners BHP Group and Glencore Plc halted output at energy and metals operations as two cyclones hit Australia for the first time since 2015. BHP stopped output at the Pyrenees oil project off Western Australia as cyclone Veronica tracked towards a hub of liquefied natural gas and iron-ore export operations. Ships left ports and workers fled the region ...

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Facebook, Google face privacy fines in Australia plan

Bloomberg Tech giants such as Facebook Inc and Alphabet Inc’s Google will face tougher penalties if they flout privacy laws, under a plan Australia’s prime minister said is necessary to safeguard personal information. Australia’s government will introduce measures to increase fines for breaches, strengthen disclosure policies and embolden its privacy regulator to crack down on data misuse, according to a ...

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Piramal to cash in on India’s property distress

Bloomberg Billionaire Ajay Piramal’s son is seeking to take advantage of teetering Indian developers to expand his property business. Piramal Realty, which counts Goldman Sachs Group Inc and Warburg Pincus & Co as minority investors, is looking to buy land from distressed developers and build a portfolio of commercial assets, Anand Piramal, the group’s executive director, said in an interview ...

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Thai military party leads polls, Prayuth poised to keep power

Bloomberg A political party created by Thailand’s ruling military government was leading in the first election since a 2014 coup, putting junta chief Prayuth Chan-Ocha in position to return as prime minister. Palang Pracharath won 7.5 million votes with 92 percent counted, according to unofficial results posted on the Election Commission’s Facebook page. Pheu Thai, a political party linked to ...

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134 killed in ethnic massacre in Mali

Bloomberg An attack by an ethnic militia on three villages in central Mali claimed 134 lives, the latest clash in an increasingly violent conflict that is fuelled by extremism. Another 46 were injured in the attack on ethnic Fulani villages on Saturday morning near Bankass in the Mopti region, Boubacar Diallo, a spokesman for the defense ministry, said by phone. ...

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