H.E. Mr. Ali bin Ahmed Al Kuwari, Minister of Commerce and Industry and Acting Minister of Finance, met with H.E. Mr. Reza Ardakanian, Minister of Energy of the Islamic Republic of Iran, via video conferencing.During the meeting, officials reviewed the…
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Cathay Pacific expects lower first-half loss on cost savings, cargo flights
Hong Kong, Cathay Pacific Airways Ltd (0293.HK) said on Friday that losses in the first half are expected to be “somewhat” lower than last year, due to cost-saving measures and strong demand for cargo flights, Reuters reported. Crew quarantine measures…
UK retail sales dip as lockdown easing allows socializing
London, Retail sales in Britain slipped back in May as people ventured out to spend money at restaurants and pubs following the easing of coronavirus lockdown restrictions, official figures showed Friday. The Office of National Statistics found that re…
Asian shares mostly rise as markets digest Fed moves
Tokyo, Asian shares mostly rose Friday, as investors digested the latest message from the U.S. Federal Reserve on raising short-term interest rates by late 2023, said an AP report.The Bank of Japan kept its ultra-lax monetary policy intact, as investor…
UAE Engages Onshore and Offshore Financial Institutions to Combat Money Laundering and Terrorist Financing
His Excellency Ahmed Ali Al Sayegh, Minister of State, alongside His Excellency Khaled Mohamed Balama, Governor of the Central Bank of the UAE, Bryan Stirewalt, Chief Executive, Dubai Financial Services Authority (DFSA) and Emmanuel Givanakis, Chief Ex…
Joint Statement on the Eighth US-UAE Economic Policy Dialogue
The Eighth US-UAE Economic Policy Dialogue on was held on Tuesday in Washington.The dialogue was co-chaired by the UAE Ministry of Foreign Affairs and International Cooperation’s Assistant Minister for Economic and Trade Affairs Abdulnasser Alshaali an…