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Abu Dhabi / WAM In a bid to achieve food security in developing countries and eradicate global poverty, Abu Dhabi Fund for Development (ADFD), has allocated nearly AED3.2 billion towards development projects in the agricultural and irrigation sectors. Representing seven percent of the total financial assistance contributed by the fund in supporting developing countries to date, this assistance has allowed ...

ABU DHABI / WAM From counterfeit goods to illicit financial flows, to human trafficking and drugs; the ‘shadow’ economy is estimated reach over $3 trillion. With an aim to create a dialogue and address the root cause of illegal trade, The Economist Events will host the third Global Illicit Trade Summit on October 30 at the Etihad Towers, Abu Dhabi. ...

Dubai / WAM Regional and international experts on sustainable built environments will come together at the 7th Annual Emirates Green Building Council, EmiratesGBC, Congress to discuss best practices and strategies to go beyond net zero carbon buildings, and explore the significance of net zero cities in ensuring the viability and liveability of our cities in the future. Organised by EmiratesGBC, ...

Bloomberg Standard Chartered Plc said it will stop financing new coal-fired power plants anywhere in the world as part of its commitment to supporting the Paris Agreement on climate change. The move follows “detailed consultation with a range of stakeholders,” according to a statement from the London-based bank. Environmental degradation, extreme weather and rising seas are among the climate change ...

Bloomberg US equities edged higher as markets largely entered a holding pattern before the Federal Reserve’s rate decision. The dollar climbed with Treasuries. Pharmaceutical companies were among the best performers while energy shares lagged behind as Brent oil pulled back from a four-year high. Nike Inc. fell as much as 3 percent after reporting earnings. The pound weakened as Theresa ...

Bloomberg Oil dropped as US crude inventories rose for the first time in more than a month. Futures dipped as much as 1 percent on Wednesday in New York. Nationwide, crude stockpiles expanded by 1.85 million barrels last week, the first increase since early August, the Energy Information Administration said. Refiners are buying less crude as post-summer maintenance work ramps ...

Bloomberg The head of an industry group representing almost 300 of the world’s biggest airlines slammed an impasse that threatens to ground planes after Brexit as unprofessional and showing disdain for passengers who have bought tickets in good faith. A deal removing the risk of disruption to flights when Britain leaves the European Union on March 29 must be hammered ...

Bloomberg The head of Shopify Inc. said Amazon is encroaching on its turf — and it’s confident it can compete. “They are creating products now that help small businesses market their products better which is frankly the space we are in,” Tobias Lutke, chief executive officer of Ottawa-based Shopify, said in an interview with BNN Bloomberg TV at a tech ...

Bloomberg Ryanair Holdings Plc said it will have to cancel services on Friday after cabin crew unions in Germany, Spain, Belgium, Holland, Portugal and Italy called a strike. Only a “tiny minority” of staff are involved in the action, Ryanair said, adding that the scrapped services amount to 8 percent of the planned schedule and will affect about 30,000 customers. ...

Bloomberg Delta Air Lines Inc.’s computer breakdowns are turning into an unwelcome, annual affair. The US airline grounded all domestic flights on September 25 to deal with a technology issue that affected some of its systems. About an hour later, Delta said it had restored all its systems, allowing the services to resume. While the carrier said there were no ...