Bloomberg In a market gripped by concerns over rising interest rates and soaring inflation, investors are avoiding European food delivery companies, turned off by their steep losses and determined efforts to expand. Shares in Delivery Hero SE plunged 59% last quarter, the second-worst performance in Europe’s Stoxx 600 Index. Peers Just Eat Takeaway.com N.V. and Deliveroo Plc dropped more than ...

  Bloomberg Chinese technology stocks fell for a second day amid continued concern about the risk of local firms getting kicked off American exchanges. The Hang Seng Tech Index, which tracks some of the biggest Chinese firms in the sector, closed down 0.7% Friday, having earlier lost as much as 3.9%. It falls 1.4% after the US securities regulator played ...

Bloomberg GameStop Corp shares surged as much as 22% in extended trading after the company said it plans to ask shareholders for approval of a stock split in the form of a dividend. The gaming retailer will request at its upcoming annual meeting that shareholders approve a proposal to increase the number of Class A shares to 1 billion from ...

  DUBAI / WAM Osmar Chohfi, President of the Arab Brazilian Chamber of Commerce (ABCC), has said that visitors to Expo 2020 Dubai have exceeded 20 million, indicating that the global event was a success. “The past few years have proven to be an exceptionally challenging period for the world. We must laud the UAE’s successful efforts in organising the ...

  Dubai / WAM Dubai Customs on Thursday revealed the emirate’s external foodstuff trade in 2021 grew 11% to reach AED57 billion, compared to AED51.4 billion in 2020. According to the latest figures released by Dubai Customs, exports grew 11.3% to AED10.8 billion from AED9.7 billion in 2020, while re-exports went up by 10% to AED 7.9 billion from AED ...

  ABU DHABI / WAM The UAE moon-sighting committee will meet on Friday, April 1 (Sha’ban 29), after the Maghreb prayer at the Abu Dhabi Judicial Department under the chairmanship of Abdullah Sultan bin Awad Al Nuaimi, Minister of Justice, to indicate the start of the Holy Month of Ramadan. The committee will hold a meeting under the chairmanship of ...

  Abu Dhabi / WAM ADQ, an Abu Dhabi-based investment and holding company, on Thursday announced it entered an agreement to acquire a majority equity stake in Unifrutti Group (Unifrutti), a leading global producer and distributor of high-quality fresh produce, from existing shareholders. Unifrutti produces, trade and distributes more than 100 varieties of fresh produce including apples, bananas, cherries, grapes ...

  ABU DHABI / WAM Five Abu Dhabi government entities have united at the Annual Investment Meeting (AIM) 2022 to demonstrate their support for local and international investors seeking expansion opportunities in the emirate. Led by the Abu Dhabi Investment Office (Adio), the group comprising Abu Dhabi Global Market (ADGM), Abu Dhabi Residents Office (ADRO), Abu Dhabi Securities Exchange (ADX) ...

Abu Dhabi / WAM Abu Dhabi National Exhibitions Company (Adnec) has announced that 40 percent of construction work on the biggest exhibition hall in the Middle East and North Africa (Mena) has been completed. This hall, the first of its kind in the region, is being built on a space of 1,000 square metres in the Marina area, opposite the ...

  Dubai / WAM Dr Abdulrahman Al Awar, Minister of Human Resources and Emiratisation, and Faiyaz Siddiq Koya, Minister of Industry, Trade, Tourism, Lands and Mineral Resources of Fiji, signed a memorandum of understanding (MoU) in the area of labour relations, on the sidelines of the World Government Summit. During the signing, the two sides highlighted the importance of strengthening ...