Recent News

Sharjah Ramadan Festival 2024 records AED 400 million in sales

SHARJAH/ WAM The Sharjah Ramadan Festival 2024, which concluded its 34th edition last night, Saturday, recorded major success in revitalising the retail sector and commercial activity across the emirate’s markets. The 37-day event delivered enthralling shopping experiences to Sharjah’s residents and visitors, encompassing a wide range of malls, commercial centres, and entertainment destinations across various cities and regions in the ...

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UAE Schools and Nursery Show kicks off Friday at Expo Centre Sharjah

SHARJAH/WAM Expo Centre Sharjah (ECS) is set to host the second edition of the “UAE Schools and Nursery” Show. Organised with the support of Sharjah Chamber of Commerce and Industry (SCCI) and Sharjah Private Education Authority (SPEA), the event, which is set to run from 19th to 21st April, boasts extensive participation of key players in the UAE education sector, ...

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RTA awards contract for 3-lane Al Khaleej Street Tunnel Project

DUBAI/WAM Following the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to complement the development of Al Shindagha Corridor Improvement Project to match the ongoing rapid population growth and urbanisation of the area, and under the oversight of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of ...

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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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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 ...

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