Recent News

UAE and Democratic Republic of Congo Presidents discuss strengthening bilateral ties

ABU DHABI/ WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan met today with His Excellency Félix Tshisekedi, President of the Democratic Republic of the Congo (DRC), who is on a working visit to the UAE. The meeting explored ways to enhance bilateral cooperation and collaboration in various fields with the aim of promoting development and prosperity in ...

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Mansour bin Zayed receives Chief of Amiri Diwan of Qatar

ABU DHABI/ WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, received today at Qasr Al Watan in Abu Dhabi, Sheikh Saoud bin Abdulrahman Al-Thani, Chief of the Amiri Diwan of the State of Qatar. At the beginning of the meeting, Sheikh Saoud conveyed the greetings of H.H. Sheikh ...

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MAJID Developments unveils debut residential project ‘Mayfair Gardens’ in Jumeirah Garden City

DUBAI/GULF TIME MAJID Developments, a premier real estate development company marks its entrance in Dubai’s real estate market with the launch of Mayfair Gardens, a residential community building in the heart of Dubai. Majid Developments is not just another name in the real estate market, it’s a brand built on a legacy of delivering superior craftsmanship and innovative design around ...

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Stocks

World markets tremble over risks to the US economy, Japan’s Nikkei dips 12.4%

BANGKOK / WAM In the latest bout of sell-offs that are shaking world markets as investors fret over the state of the US economy, Japan’s benchmark Nikkei 225 stock index plunged 12.4 percent on Monday. The Nikkei closed down 4,451.28 points at 31,458.42. The market’s broader TOPIX index fell 12.8 percent as selling picked up in the afternoon, the Associated ...

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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 ...

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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 ...

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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 ...

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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. ...

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