World stock markets have plunged as a Donald Trump presidency looks increasingly likely. Japan's Nikkei slumped by 6 per cent. The Pound is up by a cent against the US dollar - but down against the Euro. Mexico's currency - Peso - plummeted by 13 per cent to a record low. The Dow Jones is down by 1.5 per cent while SMP has also dropped by 1.7 per cent Wednesday morning. Oil is down by 2 per cent while the price of gold has risen by a whopping $12 since voting began.
Wall Street soars as traders bet on potential war off-ramp
Wall Street ended sharply higher on Tuesday, lifted by speculation about a potential de-escalation in the Middle East conflict that has sent oil prices soaring and fuelled fears of global inflation in recent weeks.
US trade chief sees only limited role for WTO
The World Trade Organisation will play only a limited role in global trade policy after a failed ministerial meeting in Cameroon, US Trade Representative Jamieson Greer said on Monday, vowing to seek alternative arrangements with like-minded countries.
Dubai South awards AED 2 billion contract for development of 'Hayat' project
Dubai South Properties has awarded a AED 2 billion contract for the development of multiple phases of the 'Hayat' project, a luxury master-planned community spanning 10 million square feet.
Australia to halve tax on fuel, underwrite spot cargoes
Australian Prime Minister Anthony Albanese has announced on Monday that the government would halve the excise on fuel and diesel and remove the heavy road user charge for three months to help households cope with a surge in costs driven by the Iran war.
Business leaders affirm strength of Dubai's diversified economic model
Leaders of Business Groups operating under the Dubai Chamber of Commerce say the emirate continues to build on a strong and resilient economic model, driven by diversification, close public-private sector collaboration, and the ability to respond quickly to global change.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received a phone call on Tuesday from Vladimir Putin, President of the Russian Federation.
UAE air defences intercepted 8 ballistic missiles, 4 cruise missiles and 36 drones launched from Iran on Tuesday, the Ministry of Defence said.
The United Arab Emirates has been appointed to the Consultative Group of the UN Human Rights Council, representing the Asia-Pacific region.
