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Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Abu Dhabi Executive Council, has issued a Resolution restructuring the Board of Directors of the Abu Dhabi Global Market (ADGM), under the chairmanship of Ahmed Ali Mohammed Al Sayegh. Under the ...

Abu Dhabi / WAM Counterfeit cheques currently expose banks, businesses and customers to financial, reputational and legal risks, and with sophisticated printing technologies incidences of fraud have increased. This phenomenon has led the UAE Banks Federation (UBF), to combat such risks, including the hosting of a workshop, in coordination with the UBF IT Committee, dedicated to addressing new and innovative ...

Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, has formalised an $3 billion (AED11 billion) deposit into the State Bank of Pakistan to support Pakistan’s economic growth and achieve the long-term objectives of its monetary policy. Announced in December 2018, the decision to formalise the deposit was made under ...

Bloomberg The UK’s main opposition party is backing a plan that could open the door to a second European Union referendum, bringing the possibility of stopping Brexit a step closer. Labour leader Jeremy Corbyn proposed a series of non-binding votes in Parliament on options for how the UK can avoid a no-deal Brexit: One of those options is a new ...

Bloomberg Grounded in Washington by the government shutdown, Secretary of State Michael Pompeo delivered a Trump-style speech by video to the Davos summit defending disruptive politics, touting US economic strength and claiming foreign policy successes. “New winds are blowing across the world,” Pompeo said in the long-distance address to the World Economic Forum in Davos, Switzerland. “The central question is ...

Bloomberg A group of former ambassadors and academics is calling on China to immediately release two Canadians it detained in the wake of the arrest of a top Huawei Technologies Co executive in Vancouver. The open letter addressed to Chinese President Xi Jinping, said its 141 signatories are “deeply concerned” by the detentions of Michael Kovrig and Michael Spavor by ...

Bloomberg South Korean Foreign Minister Kang Kyung-wha defended US efforts to advance North Korea talks, saying in an interview that it would be “excessive” to say Washington is compromising on its denuclearisation goals. “There’s no shifting — not a bit — about what the goal is. It’s complete denuclearisation,” Kang told the Yonhap News Agency in an interview published. Kang ...

Bloomberg Italy’s populists looking for an arch enemy to concentrate their nationalist rhetoric ahead of European Parliamentary elections have found one: France and its Europhile president Emmanuel Macron. France has summoned the Italian ambassador over comments by Deputy Premier and Five Star Movement leader Luigi di Maio that France “never stopped colonising Africa” and is contributing to the waves of ...

Bloomberg It was still dark, but Venezuela’s army had already smothered a mutiny and turned to tear-gassing protesters supporting the rebels. The loyalist Supreme Court announced that it would depose the National Assembly’s head and nullify its motion declaring President Nicolas Maduro’s rule invalid. Then, Brazil’s president predicted a speedy regime change. Governing this hungry and restive nation has become ...

On global climate change, I’ve changed my mind — just slightly. I’ve written about this issue for more than two decades, and my theme has been monotonously consistent. As a starting point, I’ve accepted the prevailing scientific view that man-made greenhouse gases contribute to global warming. But I’ve been routinely pessimistic and skeptical that we can do much about it. ...