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Fatima bint Hazza honoured with Arab Woman Award

LONDON / WAM The Arab London Foundation awarded Sheikha Fatima bint Hazza bin Zayed Al Nahyan, Chairwoman of the Board of Directors of the Fatima bint Mubarak Ladies Sports Academy and the Fatima bint Hazza Cultural Foundation, the Arab Woman Award 2023, in recognition of her outstanding achievements and efforts in empowering women in various fields, especially cultural and sports. ...

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UAE condemns Israeli minister’s claims on ‘existence of Palestinians’

ABU DHABI / WAM The UAE has condemned statements by Israeli Minister of Finance Bezalel Smotrich in which he denied the existence of the Palestinian people. The UAE also condemned his use of a map of Israel that includes lands from the Hashemite Kingdom of Jordan and the occupied Palestinian territories. In a statement, the Ministry of Foreign Affairs and ...

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Enec, Nuclearelectrica sign pact on nuclear energy development

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec) and Nuclearelectrica have announced the signing of a memorandum of understanding (MoU) for bilateral cooperation within the nuclear energy sector to support the growth of this critical energy source in tackling the dual challenges of energy security and climate change. The objective of the MoU is to provide both parties ...

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Nordea Asset snaps up Asian financial stocks during global rout

BLOOMBERG Nordea Asset Management AB bought financial stocks in Asia amid this month’s global rout in the sector, as it remains optimistic about their earnings growth prospects. |“We have added to our insurance holdings in Asia,” Hilde Jenssen, Nordea’s head of fundamental equities, said in an interview in Singapore. “It’s clear when half a trillion is wiped off in market ...

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European stocks extend gains, bonds decline as calm returns

BLOOMBERG European shares rallied for a second day and US futures pointed to a firmer open for Wall Street as steps to shore up the financial system helped restore confidence. The Stoxx Europe 600 jumped as much as 1.4%, buoyed by a 3.5% jump in an index of banking shares. Futures for the S&P 500 climbed after a report that ...

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Stocks decline, bonds rally as banking stress deepens

BLOOMBERG European stocks decline and US equity futures retreated as the emergency weekend sale of Credit Suisse Group AG to UBS Group AG failed to soothe market jitters over the health of the banking system. Investors turned to the safest assets, spurring gains in Treasuries, while gold rose on haven demand. The Stoxx Europe 600 index dropped 0.7%, with a ...

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Bitcoin thrives in chaos, breaks above $28,000 for first time since June 2022

BLOOMBERG Turmoil in the banking sector, hotter-than expected inflation data, and renewed hopes for a dovish Federal Reserve has Bitcoin reaching levels not seen in about nine months. The largest digital coin topped $28,000 for the first time since June 2022, trading at around $28,200 on Monday. Bitcoin is now up more than 70% since the start of the year. ...

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Short selling key for Korea’s global index goal, says bourse CEO

BLOOMBERG South Korea needs to take the politically sensitive step of fully lifting curbs on stock short selling to ensure inclusion in a key global index, the head of the country’s securities exchange said. Asia’s sixth-largest equity market is seeking to be upgraded in MSCI Inc.’s equity gauge to developed status from emerging, part of efforts to revitalise the sector ...

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