Recent News

Presidents of UAE and Republic of Korea discuss opportunities to strengthen Special Strategic Partnership in Seoul

SEOUL/ WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency Yoon Suk Yeol, President of the Republic of Korea, met in Seoul today to explore opportunities to build upon the Special Strategic Partnership between the UAE and Republic of Korea and expand bilateral cooperation across various fields. The two leaders also discussed regional and international ...

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Joyalukkas unveils new showroom in Dallas, US, with irresistible offers

DALLAS/ GULF TIME Joyalukkas, the renowned global Jewellery brand, proudly held the grand inauguration of its first showroom in Dallas on May 26. Esteemed dignitaries Susan Fletcher – County Commissioner, Tony Singh – Deputy Mayor and Tammy Meinershagen-Councilwoman, attended the ceremony in the presence of Joy Alukkas, Chairman of Joyalukkas group. Speaking about the new showroom, Joy Alukkas stated, “Dallas ...

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Malabar Group scales up its ‘Hunger-Free World’ programme

MUMBAI/ GULF TIME ‘Hunger-Free World’, the ongoing social welfare program by Malabar Group to provide nutritious daily meals to the needy, will be expanded to cover more people and cities. At present, as many as 31,000 food packets are distributed under the ambitious program, initiated to support the United Nations’ Sustainable Development Goal 2 – Zero Hunger. As part of ...

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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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