Mali government to receive additional Dh1 billion: ADFD

Abu Dhabi: Abu Dhabi Fund for Development (ADFD) will provide Dh1 billion to support the balance of payments and national housing project in Mali. ADFD has signed two agreements with the Government of Mali. These include an Dh918 million concessionary loan to support the balance of payments in the country as well as an additional […]

UK firms hit the brakes as Brexit and bad weather weigh in — CBI

London: Britain’s private sector has had its worst three months in nearly seven years as the Brexit impasse and poor weather hit economic growth, the Confederation of British Industry said on Sunday. After a surge earlier this year, caused by companies stockpiling ahead of the original March 29 Brexit deadline, private sector activity in the […]

Saudi economy expands 1.7% in first quarter, agency says

Riyadh: Saudi Arabia’s economy expanded 1.7 per cent in the first quarter compared with 1.4 per cent in the same period a year earlier, according to data released by the kingdom’s statistics authority on Sunday. Growth in the oil sector stood at 1 per cent compared with 0.5 per cent a year earlier. The non-oil […]

Chain reaction

Although an estimated 90 per cent of the world’s trade relies on shipping, the sector has been notoriously conservative in adapting to new developments, but that looks set to change as ports and maritime operators embrace connected technologies such as autonomous transport to artificial intelligence and blockchain. In December, DP World joined a group of […]