Recent News

ERC provides Eid clothing, food to underprivileged Somali families

MOGADISHU / WAM The Emirates Red Crescent (ERC) distributed Eid clothing to 600 families in the Somali capital, Mogadishu, along with 3,500 sacrificial animals, on the occasion of Eid Al-Adha. The ERC said this initiative is part of its continuous efforts to support underprivileged families, and alleviate their burdens, in line with the UAE’s show of solidarity towards friendly people. ...

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Abu Dhabi startup ecosystem fastest growing in Mena region

ABU DHABI / AD MEDIA OFFICE Abu Dhabi has ranked as the fastest-growing emerging ecosystem in the Middle East and North Africa (Mena) region, marking a 28 per cent growth in ecosystem value in the 2024 Global Startup Ecosystem Report (GSER) by Startup Genome and the Global Entrepreneurship Network, launched during London Tech Week. GSER, which uses the world’s most ...

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On behalf of Abdullah bin Zayed, Noura Al Kaabi participates in 25th anniversary ceremony of Kosovo’s Liberation Day

PRISTINA / WAM On behalf of H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, Noura Al Kaabi, Minister of State, attended the 25th anniversary ceremony of Kosovo’s Liberation Day, which was held under the patronage of Dr. Vjosa Osmani, President of the Republic of Kosovo. During this occasion, Al Kaabi commended the close ties between the UAE ...

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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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