Traders work on the floor of the New York Stock Exchange on Thursday. Associated Press
The United Arab Emirates has expressed its deep regret and condemnation of the recognition by the United States of the Syrian Golan Heights as sovereign Israeli territory, describing it as a move that disrupts all efforts to achieve a lasting peace in the Middle East.
Syria asked the United Nations Security Council on Tuesday to hold an urgent meeting on the US decision to recognize the Golan Heights as Israeli territory.
Arab officials said the summit would be dominated by the Golan Heights and Palestinian demands for an independent state in the West Bank and Gaza Strip, areas also occupied by Israel in the 1967 war.
Washington: The US government cut aid to El Salvador, Guatemala and Honduras on Saturday after President Donald Trump blasted the Central American countries for sending migrants to the United States and threatened to shutter the US-Mexico border. A surge of asylum seekers from the three countries have sought to enter the United States across the southern border in recent days.
China’s central bank (CB) will use foreign exchange intervention and monetary policy tools to stop the yuan weakening past the key 7-per-dollar level in the near-term, three people familiar with the central bank’s thinking said. “At present, rest assured they will certainly not let it break 7,” a source told Reuters.
Indian shares hit a record high on Monday after exit polls from the country’s marathon election indicated a new term for Hindu nationalist Prime Minister Narendra Modi. While opposition parties refused to concede and the country faces a nerve-jangling three day wait until the official count begins,
Ajman Bank, in collaboration with Rasmala Investment Bank Limited (Rasmala), a leading alternative investment manager, has announced the launch of Makaseb Real Estate Investments SPV Limited, domiciled in the Abu Dhabi Global Market (ADGM).
STARZPLAY, the leading subscription video on demand (SVOD) service in the Mena region, has entered into a strategic alliance with Sharaf DG, one of the region’s most successful electronic retailers, to offer a free annual subscription to DG Member Programme members.