Mohamed meets world leaders at WGS

  Dubai / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, separately received Macky Sall, President of Senegal, and Kentaro Sonoura, Parliamentary Vice-Minister for Foreign Affairs of Japan, in Dubai on Sunday, as part of the World Government Summit. He welcomed both delegates and wished them ...

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Uncertainty surrounds future of globalisation: Gergawi

  Dubai / WAM Mohammed Al Gergawi, Minister of Cabinet Affairs and the Future and Chairman of World Government Summit (WGS) said that the fifth edition of the summit fittingly articulates the vision of the UAE President HH Sheikh Khalifa bin Zayed Al Nahyan, and has convened under the guidance of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime ...

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ADFD strategic partner at WGS2017

  Dubai / WAM In the role of strategic partner, Abu Dhabi Fund for Development (ADFD) attended and participated at the fifth edition of the World Government Summit (WGS, 2017). Themed ‘Shaping Future Governments’, the summit has drawn participation from 139 countries and the largest international organisations and global institutions to discuss challenges and opportunities such as globalisation, education, health, sustainable ...

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Public-private partnerships key for promoting trade: Senegal prez

  Dubai / WAM Whatever its size or power, no country today can exist autonomously, said President of Senegal Macky Sall speaking on the worries of a slow-down in trade on the back of protectionist sentiments in the United States. “It would be a mistake to fall back on our own economies because economies are interdependent. Capital, goods and people are ...

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Firm oil boosts Saudi, Kuwait rebounds but Egypt slips

  Bloomberg Petrochemical and banking shares boosted Saudi Arabia’s bourse on Sunday after oil prices firmed at the end of last week, while small and mid-sized stocks were the main movers on other Gulf markets. Saudi Arabia’s index added 0.8 percent with nearly three-quarters of the 14 listed Saudi petrochemical shares advancing, after Brent oil futures closed 1.9 percent higher ...

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A $200bn Danish investor sorts bad hedge funds from good

  Bloomberg The hedge fund business isn’t what it used to be. For starters, a lot of funds in the industry forgot to hedge at crucial moments over the past decade, according to the men now running the $200 billion wealth management unit of Denmark’s biggest lender, Danske Bank A/S. “If you look back over time, there are a lot ...

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UAE and Moldova step up efforts to promote mutual investments

  Chisinau / Emirates Business Eng. Sultan bin Saeed Al Mansouri, Minister of Economy, recently met Moldovan Prime Minister Pavel Filip as part of an extended high-level Emirati visit to Moldova. Representatives from the government and the private sector, investors, and entrepreneurs invited to attend the UAE-Moldova Business Forum were also present during the meeting set to discuss potential collaborative ...

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ADNIC reports AED205mn net profit

  Abu Dhabi / Emirates Business Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for corporates and individuals, announced on Sunday its preliminary financial results for full-year 2016. The company reported a net profit of AED 205 million for this year, a significant turnaround back into strong profit. Commenting on the strong results, Shaikh ...

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7th annual Light Festival ends on a positive note

  Sharjah / Emirates Business The Sharjah Commerce and Tourism Development Authority (SCTDA) concluded the seventh annual Sharjah Light Festival in a ceremony held at University City Hall. The ceremony was attended by Sheikh Sultan bin Ahmed Al Qasimi, Chairman of Sharjah Media Corporation and Chairman of Sharjah Media Centre; Sheikha Bodour bint Sultan bin Muhammad Al Qasimi, Chairperson of ...

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