Recent News

The FIATA-RAME Field Meeting & Conference in the UAE to chart a resilient course for regional logistics sector

DUBAI/ GULF TIME The National Association for Freight and Logistics (NAFL) and International Federation of Freight Forwarders Associations (FIATA) revealed the key topics and programme of the FIATA-RAME (Region Africa Middle East) Field Meeting & Conference, happening on 5th & 6th March 2024, at the press conference held today at the Taj Exotica Resort, Dubai. The event will be hosted ...

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Galadari Automobiles launches first-ever ‘Mazda CX-60 & CX-90’ models in UAE

DUBAI/ GULF TIME Galadari Automobiles Co. launched the highly anticipated first-ever MAZDA CX-60 and CX-90 models during the inaugural ceremony of the all-new Mazda Showroom on Sheikh Zayed Road, Dubai, marking a momentous milestone in the 50-year partnership between Galadari Automobiles and Mazda Motor Corporation, Japan. This demonstrates the company’s commitment to excellence as well as successfully meeting customers’ needs, ...

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WTO Chief urges cooperation at Ministerial Conference amid global challenges

ABU DHABI/ WAM The head of the World Trade Organisation (WTO) on Monday urged member countries to cooperate and deliver concrete results at the ongoing Ministerial Conference, highlighting the importance of trade in addressing global challenges. Opening the WTO’s 13th Ministerial Conference (MC13) in Abu Dhabi, Director-General Ngozi Okonjo-Iweala acknowledged the complex global situation, marked by geopolitical tensions, rising inflation, ...

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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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