Arthur Denouveaux

Dubai Financial Services Authority publishes

Dubai - Arab Today

The Dubai Financial Services Authority (DFSA) published a Trade Finance Report detailing key findings of a review of trade finance activities carried out in and from the Dubai International Financial Centre (DIFC). The review assessed the quality of systems and controls, in particular measures to mitigate trade-based money laundering risks, at banks and other financial service providers in the DIFC.Read more

Second Abu Dhabi Competitiveness Report 2016 launched

Abu dhabi - Arab Today

Due to the dramatic drop in oil prices in 2014, the decline in the emirate’s growth expectations is inevitable, but such decline is expected to be mitigated by the contribution of non-petroleum commodities sectors which will reduce the impact of the decline in oil prices, according to the 2nd Abu Dhabi Competitiveness Report 2016, issued by the Department of EconomicRead more

Parliament to review CBE report on financial aid sent to Egypt

Cairo - MENA

The House of Representatives' Economic Affairs Committee will review a report prepared by the Central Bank of Egypt (CBE) on the volume of financial aid dispatched to Egypt since 2011. Of all 29 billion dollars, Saudi Arabia sent eight billion dollars, while the UAE and Kuwait dispatched six and five billion dollars respectively, Ali el Mosilhy, the head of theRead more

US consumer sentiment falls in June on future concerns

Washington - Xinhua

- U.S. consumer sentiment slid in June due to rising concerns about future economic growth. The final reading of the consumer sentiment for June fell to 93.5 from 94.7 in May, said the Thomson Reuters/University of Michigan index of consumer sentiment on Friday. "While no recession is anticipated, consumers increasingly expect a slower pace of economic growth in the yearRead more

Norway's central bank keeps key rate unchanged at 0.50 %

Oslo - Xinhua

Norway's central bank said on Thursday its executive board has decided to keep the key policy rate unchanged at a record low of 0.50 percent because forecast is little changed since the March Monetary Policy Report. "Growth in the world economy is moderate, and oil prices have risen further since March. Financial markets have recently been marked by the uncertaintyRead more

Olympic velodrome to be ready in July

Rio de Janeiro - Arab Today

Construction work on Rio de Janeiro's Olympic velodrome will not be completed until mid-July, city mayor Eduardo Paes said on Monday. But the track will be ready for competition within a fortnight and testing will take place as planned on June 25, Paes told reporters. Last month the city of Rio de Janeiro cancelled a contract with debt-saddled constructor TecnosoloRead more

Market exchange rates in China

Beijing - Xinhua

The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 12 major currencies announced on Tuesday by the China Foreign Exchange Trading System: Currency Unit Central parity rate in yuan U.S. dollar 100 657.91 Euro 100 743.07 Japanese yen 100 6.1851 Hong Kong dollar 100 84.751 British pound 100 935.72 Australian dollar 100 485.33Read more

International soccer friendlies results

Rome - Arab Today

Following are the collated results from pre-Euro 2016 international soccer friendlies on Monday: At Krakow Poland 0 Lithuania 0 At Verona Italy 2 Finland 0 At Reykjavik Iceland 4 Liechtenstein 0 source : xinhua Read more

Benefits of technology, innovation must be shared with those in need

United Nations - Xinhua

UN Secretary-General Ban Ki-moon on Monday urged leaders to share their benefits from science, technology and innovation with "those who stand to gain most." Ban made the remarks, while addressing the first multi-stakeholder forum on science, technology and innovation for the Sustainable Development Goals (SDGs), a set of 17 development targets to be reached by all UN member states byRead more

Iranian foreign ministry: US report on Iran politicized

Tehran - Arab Today

Iranian Foreign Ministry Spokesman Hossein Jaberi Ansari said on Monday that the US recent report on Iran is 'politicized' and 'invalid' due to lack of the most obvious facts, according to IRNA News Agency. Speaking to reporters at his weekly press briefing, Ansari made the remarks in a response to the US claims on branding Iran as a sponsor ofRead more