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ABU DHABI / WAM The UAE Banks Federation (UBF) has announced that it has secured the support of the Central Bank for its initiative that aims to develop a unified framework to handle customer complaints. The UBF is a professional body representing 48 member banks operating in the UAE. “The proposed framework was developed as part of UBF’s continued efforts ...

DUBAI / WAM Under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, the Arab Youth Centre has announced its organising of ‘Arab Youth Start-up Marketplace’ (AYSM), a unique annual event that sheds light on creative Arab youth start-ups. As part of centre’s initiatives, the AYSM seeks to establish a platform ...

Bloomberg President Donald Trump sought to impose order in his White House in the face of a widening Russia probe, ending a tumultuous week by appointing a new lead lawyer, sidelining his old one and hiring a new communications director as two top spokesmen quit in protest. The changes leave Trump with new leaders on his legal and communications teams ...

Bloomberg Confrontations over a contested Jerusalem shrine turned more violent, with three Palestinian protesters killed in clashes with Israeli security forces and three members of a Jewish family stabbed to death in a West Bank settlement by a Palestinian assailant. The diplomatic fallout from new Israeli security measures at a shrine in Jerusalem’s Old City also intensified as the Palestinian ...

Bloomberg A Senate panel said that Donald Trump Jr. and President Donald Trump’s former campaign manager Paul Manafort agreed to discuss handing over documents ahead of a possible public hearing. The Senate Judiciary Committee also said it would issue a subpoena to compel the testimony of a third witness, Glenn Simpson, who runs Fusion GPS, after he refused an invitation ...

Bloomberg Republican and Democratic leaders in the House reached a deal to move ahead on a bill that would prevent the Trump administration from acting unilaterally to remove sanctions on Russia. The agreement to fix procedural concerns, add sanctions against North Korea, and modify provisions that would restrict the participation of US energy companies in some international projects, clears the ...

Bloomberg Poland’s parliament defied international allies including the US and approved legislation that gives the ruling political party extensive control over the judiciary. After clearing the lower house, the 100-seat upper chamber passed the bill early Saturday with 55 votes, defeating opposition attempts to delay it. The European Union has warned of possible sanctions and the US has expressed concern. ...

Bloomberg A high-tech Chinese spy ship in international waters off Australia’s northern coast has been monitoring joint military exercises between Australia and the US, the Australian defense force said. “Australia defense can confirm that a Chinese People’s Liberation Army-Navy Type 815 Dongdiao-class auxiliary general intelligence vessel has been operating off the north-east coast of Australia,” the Department of Defense said ...

It is said that America’s armed forces have been stressed by 16 years of constant warfare, the longest such in the nation’s history. For the Air Force, however, the high tempo of combat operations began 26 years ago, with enforcement of the no-fly zone in Iraq after Desert Storm. With an acute pilot shortage, particularly in the fighter pilot community, ...

The Asian dollar bond market has been a cornucopia for issuers this year. Amid plentiful liquidity, it’s easy to lose sight of just how little reward there is now for all the risks investors are being asked to accept. Less than seven months into 2017, asset managers and private-bank clients have written checks for $175 billion to companies and governments ...