Recent News

Startups to be recognized and awarded for Innovation and Sustainability

DUBAI/ GULF TIME Startups from around the world that drive innovation in sustainability and bring positive change in the world will be recognized and celebrated through the VerdExim Sustainability Awards in Dubai on Feb 26. The VerdExim Sustainability Awards, instituted by Exim Finance, a Dubai-based finance facilitation company, will be presented at a glittering ceremony in Intercontinental Hotel, Dubai, on ...

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Abdullah bin Zayed, FM of Guinea-Bissau discuss enhancing bilateral cooperation

ABU DHABI/ WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, has met with Guinea-Bissau Minister of Foreign Affairs, International Cooperation and Communities, Carlos Pinto Pereira, to discuss strengthening cooperation ties. The meeting, which took place in Abu Dhabi today, addressed bilateral relations and ways to enhance joint cooperation in all areas, including economic, commercial, and development ...

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Abdullah bin Zayed, Luxembourg’s Vice PM discuss strengthening cooperation

ABU DHABI/ WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, and Xavier Bettel, Vice Prime Minister, Minister for Foreign Affairs and Foreign Trade and Minister for Development Cooperation and Humanitarian of the Grand Duchy of Luxembourg, today discussed ways to strengthen cooperation between the two countries across all areas The meeting addressed a number of issues ...

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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 ...

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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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