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  ABU DHABI / WAM As part of the UAE’s policy to build trade and economic relations with other countries of the world, Sultan bin Saeed Al Mansouri, Minister of Economy, will embark on a six-day tour of Cuba and Mexico on Sunday. During the visit, Al Mansouri will hold talks with senior Cuban and Mexican officials on ways to ...

  Dubai / WAM The UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC), has, in co-operation with Expo 2020 Dubai, celebrated the cultural collaboration with sub-Saharan Africa at the launch of the book ‘Shared Vision, Shared Voices’ in the presence of HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation. Reem bint Ibrahim Al Hashemi, ...

  Bloomberg China pledges to boost global trade and cooperation by opening up further and giving greater access to foreign investors, President Xi Jinping said on Saturday. China wants to create a level playing field for foreign and local companies so that they can share in the Asian country’s growth, Xi said in a speech at the Asia-Pacific Economic Cooperation ...

  Bloomberg Samsung Electronics Co.’s $8 billion deal to buy Harman International Industries Inc. helped breathe some life into a few moribund auto stocks, especially Visteon Corp., as investors speculate that there could be a buying spree of companies that make technology for self-driving cars. Visteon’s shares have surged about 16 percent this week after falling 39 percent this year ...

  Bloomberg The earthquake that struck New Zealand this week could cost the insurance industry as much as NZ$5.3 billion ($3.7 billion), according to catastrophe modeler AIR Worldwide. The insured losses will be at least NZ$1.15 billion, the unit of Verisk Analytics Inc. said in a statement on its website. Most damage to residences will be covered by the Earthquake ...

  Colombo / AFP Sri Lanka’s economy has begun to stabilise after securing a $1.5 billion bailout earlier this year, but the island needs to build its dwindling foreign reserves, the IMF said on Saturday. The Washington-based International Monetary Fund said it had just concluded its first review of Sri Lanka’s economy after announcing the bailout in June and labelled ...

  Bloomberg Turkey’s top policy board chaired by Prime Minister Binali Yildirim said after a surprise meeting that the central bank will take any measures necessary to keep inflation under control. Economy Coordination Board met in Ankara to discuss how to insulate the economy from the recent volatility in financial markets, which policy makers decided were mostly due to global ...

  New York / AFP Ford announced it will keep producing an SUV model in Kentucky, rather than move it to Mexico, in a decision overplayed by President-elect Donald Trump who claimed he had saved an entire plant from closure. Trump repeatedly took aim at Ford and other groups during the White House campaign for moving production overseas in search ...

  Paris / AFP An original drawing from “Explorers on the Moon”, widely regarded as one of the two best Tintin adventures, sold for a record 1.55 million euros at a Paris auction on Saturday, auction house Artcurial announced. The 50 cm X 35 cm drawing in Chinese ink by the Belgian cartoonist known as Herge shows the boy reporter, ...

  San Francisco / AFP Facebook’s board of directors authorized spending as much as $6 billion to buy back shares in the leading social network. The stock repurchase program would go into effect at the start of next year, potentially allowing Facebook to take advantage of a price dip triggered early this month by word that revenue growth will slow ...