Recent News

UAE leaders congratulate President of Türkiye on re-election

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to Recep Tayyip Erdoğan on his re-election as President of the Republic of Türkiye. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy ...

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Adihex, the global platform that revolutionised falconry

ABU DHABI / WAM The Abu Dhabi International Hunting and Equestrian Exhibition (Adihex) has been, for many years now, providing limitless opportunities to promote sustainable hunting as well as Emirati and international falcon breeding companies, through its thousands of visitors. Like birds of a feather, Emirati falconers and visitors from GCC countries and various parts of the world flock to ...

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Fujairah all set to host World Juniors Taekwondo Championships in 2025

FUJAIRAH / WAM The International Taekwondo Federation’s (ITF) Executive Board in a meeting in the Azerbaijani capital, Baku, on Sunday, chaired by International Taekwon-Do Federation (ITF) President, Dr Chungwon Choue, announcing that the emirate of Fujairah will be hosting the 2025 World Juniors Taekwondo Championships. Moreover, the board revealed that Ouchi City in China would host the World Senior Taekwondo ...

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US futures waver, Treasuries slip on robust economic data

BLOOMBERG US equity futures wavered as strong economic data raised the possibility on more interest rate rises, dampening some of the optimism about a potential debt-ceiling deal. Contracts on the S&P 500 traded flat, while the tech-heavy Nasdaq 100 ceded some gains. Treasury yields climbed after the data, reversing earlier declines. A report on consumer spending painted a picture of ...

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Nasdaq fought off fierce rivals to win IPO of SoftBank’s arm

BLOOMBERG Nasdaq Inc may be the coveted destination for tech companies looking to go public. But the exchange had to pull out all the stops to lure chip designer Arm Ltd, likely to be the largest initial public offering of the year. The proposed listing sparked a remarkable, behind-the-scenes scrum involving heads of state, exchange officials and the billionaire founder ...

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China equity rout deepens

BLOOMBERG Chinese stocks in Hong Kong plunged as a weakening currency, disappointing earnings and worries over the US debt-ceiling deadlock saw traders trim positions ahead of a long weekend. The Hang Seng China Enterprises Index closed 2.2% lower on Thursday, capping its worst seek since March before markets close on Friday for a holiday. XPeng Inc fell the most following ...

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Nasdaq futures up 1.6% as Nvidia drives tech rally

BLOOMBERG Nasdaq futures rallied and chipmakers soared as a bullish sales forecast from Nvidia Corp ignited gains in companies linked to the frenzy for artificial intelligence (AI). Nvidia shares soared 23% in US premarket trading after its forecast for surging revenue surprised even the most optimistic analysts on Wall Street, propelling the company to the cusp of a $1 trillion ...

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LVMH, Kering decline as China worries spur $56b luxury rout

BLOOMBERG European luxury stocks including LVMH and Gucci owner Kering SA fell as a wave of Covid infections in China weighed on sentiment — extending a rout that’s wiped about $56 billion from the sector over the past two days. Shares in Birkin bag maker Hermes International and UK trench coat company Burberry Group Plc also declined, with concerns about ...

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