Tawazun announces Dh2.5b defence fund

Abu Dhabi: The Tawazun Economic Council on Wednesday announced the launch of its Defence and Security Development Fund with capital of Dh2.5 billion ($680 million). A statement from Tawazun, the government agency responsible for economic diversification efforts, said the fund will “unveil key financing and investment programmes” at IDEX 2019, which starts on Sunday. Tareq […]

UK inflation hits two-year low on falling energy costs

London: British annual inflation hit a two-year low point in January, undershooting the Bank of England’s 2.0 per cent target on falling oil and other energy costs, official data showed on Wednesday. The Consumer Prices Index 12-month rate hit 1.8 per cent last month, down from 2.1 per cent in December, the Office for National […]