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Abu Dhabi / Emirates Business The Abu Dhabi Education Council (ADEC), Abu Dhabi Global Market (ADGM), and INSEAD sign a Memorandum of Understanding (MoU) in support of building up financial services knowledge and competence in Abu Dhabi. The MoU was signed by HE Dr Ali Al Nuaimi, Director General of ADEC, HEAhmed Al Sayegh, Chairman of ADGM and Prof Miguel ...

Dubai / WAM The UAE Water Aid Foundation (Suqia), under the umbrella of the Mohammed bin Rashid Al Maktoum Global Initiatives, has implemented two projects to provide drinking water to over 90,000 people in Somalia. Suqia has implemented these projects in cooperation with the Mohammed bin Rashid Al Maktoum Charity and Humanitarian Establishment. This is one of Suqia’s humanitarian projects ...

Dubai / WAM Dubai will continue to add more schools as new data released by Knowledge and Human Development Authority (KHDA), signaled strong growth in the private education sector. Private schools in Dubai reported an average annual enrollment growth of 6.6 percent over the last decade with 120 new schools expected to open over the next 10 years, the educational ...

Abu Dhabi / WAM Tourism Development and Investment Company (TDIC), the master developer of tourism, cultural and residential destinations in Abu Dhabi, has released a dozen rehabilit- ated Hawksbill turtles back to the sea to mark World Turtle Day, which is marked on May 23. The released turtles were rehabilitated at a special centre on Sir Bani Yas Island. The ...

Bloomberg OPEC and its allies were poised to continue their production cuts for another nine months after Iraq backed an extension, removing one of the last remaining obstacles to an agreement. The proposal is the latest attempt by oil producers from Saudi Arabia to Russia to prop up prices and revive their economies. The talks are closely followed elsewhere as ...

Bloomberg Oil halted its advance after a four-day gain before OPEC meets on Thursday to decide on whether to prolong output cuts by the group and its partners. July futures dropped as much as 1 percent in New York after front-month prices on Monday capped a 4.3 percent increase over four sessions. Iraq backed a proposal to extend production curbs ...

SINGAPORE / Reuters US President Donald Trump’s proposal to sell half of the United States’ strategic oil reserve surprised energy markets on Tuesday since it counters OPEC’s efforts to control supply in order to boost prices. The White House requested in its budget released late on Monday gradually selling off the nation’s Strategic Petroleum Reserve (SPR) starting in October 2018 ...

BEIJING / Reuters Russia has kept its top spot as oil supplier to China, beating Saudi Arabia for the second month in row, as independent refiners scooped up more volumes before their first batch of quotas expire. Saudi Arabia and Russia, both vying for more market share in China, have said they support an oil cut extension until March 2018 ...

Bloomberg India’s biggest tax reform in history is also set to make its small-to-medium businesses more transparent. On July 1, as India rolls out its landmark national sales tax, businesses that make less than 100 million rupees — which the government refers to as micro, small and medium enterprises — will all have to digitize. The firms, often accused of ...

Bloomberg Japan’s wages may still be falling by some measures, but some analysts are so convinced that the country’s labor shortages are going to impose a cost shake-out for companies and markets that they’ve started making investment recommendations. “The labor shortage is becoming more acute,” with unemployment at just 2.8 percent, Bank of America Merrill Lynch analysts including strategist Shusuke ...