Recent News

Mansour bin Zayed receives French Ambassador to UAE

ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, received, in his office at Qasr Al Watan, Nicolas Niemtchinow, Ambassador of the French Republic to the UAE. During the meeting, the two sides discussed bilateral relations and opportunities to enhance cooperation in the investment, economic, development ...

Read More »

‘RamadanInDubai’ campaign brings exclusive shopping, memorable experiences for shoppers across city’s malls, retail districts

DUBAI/ WAM As the Holy Month of Ramadan unfolds, Dubai’s bustling shopping scene is abuzz with activity, inviting both residents and visitors to immerse themselves in a unique shopping experience filled with joyous moments and unforgettable gifting opportunities. As part of the #RamadanInDubai campaign, shoppers are treated to a myriad of promotions, exclusive discounts, and diverse experiences, presented by leading ...

Read More »

ADNOC signs second long-term Heads of Agreement for Ruwais LNG project

ABU DHABI/ WAM ADNOC announced today the signing of a 15-year Heads of Agreement (LNG agreement) with SEFE Marketing & Trading Singapore Pte Ltd., a subsidiary of Germany’s SEFE Securing Energy for Europe GmbH, for the delivery of one million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG). The LNG will primarily be sourced from ADNOC’s lower-carbon Ruwais ...

Read More »

Stocks

Nasdaq futures sink earnings from tech giants fell short of expectations

BLOOMBERG US equity futures slumped after earnings from tech giants fell short of Wall Street’s high expectations and as investors prepared for the first interest-rate decision of the year from the Federal Reserve. Contracts on the Nasdaq 100 slid 1.2%, while those on the S&P 500 retreated 0.5%. Microsoft Corp, Alphabet Inc and Advanced Micro Devices Inc dropped in premarket ...

Read More »

Stocks muted before major earnings test for Wall Street

BLOOMBERG European stocks and US futures kept to small ranges as investors looked forward to a rush of major earnings for insights on whether the record-breaking rally on Wall Street can continue. Europe’s Stoxx 600 crept to a new two-year high as media and travel and leisure stocks led gains. US equity futures were steady after another record close on ...

Read More »

Stocks make cautious start as investors look for rate updates

BLOOMBERG Markets opened the week on a cautious note as investors readied for central bank updates on the outlook for interest rates and braced for a deluge of earnings. Oil prices rose amid escalated tensions. Europe’s Stoxx 600 index held near the highest level since January 2022, supported by rallying energy shares. Futures contracts for the S&P 500 and the ...

Read More »

Beijing tightens securities lending rule to support stock market

BLOOMBERG China will halt the lending of certain shares for short selling from Monday, the securities regulator announced, in a move to support the country’s slumping stock markets. Strategic investors won’t be allowed to lend out shares during agreed lock-up periods, the Shanghai Stock Exchange and Shenzhen Stock Exchange said in separate releases following the China Securities Regulatory Commission’s statement. ...

Read More »

Global stocks stall after latest results subdue buoyant mood

BLOOMBERG Global stocks took a breather on Thursday after recent sharp gains as investors processed the latest earnings news and looked forward to a meeting of the European Central Bank (ECB) and economic growth data from the US. Europe’s Stoxx 600 index slipped and the blue-chip Euro Stoxx 50 traded flat after soaring to a 23-year high. Chipmaker STMicroelectronics NV ...

Read More »
Send this to a friend