Bloomberg Chinese stocks listed on US exchanges soared, rebounding from a steep selloff, after China vowed to keep its stock market stable and support overseas share listings. Alibaba Group Holding Ltd. and Baidu Inc. both soared at least 20% in US premarket trading, while Didi Global Inc. jumped more than 40%. The American depository receipts (ADRs) are tracking a rally ...

  Bloomberg Strategists are cutting their targets for European equity markets this year, with the region’s benchmark now seen ending 2022 flat as risks from the war in Ukraine, soaring commodity prices and central bank tightening pile up. The Stoxx Europe 600 Index will be little changed for the year by the end of December, at 488 index points, according ...

  ABU DHABI / WAM The General Pension and Social Security Authority (GPSSA) announced that in 2021 the estimated insurance expenditures reached over AED8 billion with an increase of AED499.4 million in comparison to 2020, during which the value of insurance expenditures amounted to AED7.5 billion. Speaking about the expenditure growth, Mohamed Saif Al Hameli, GPSSA’s Director-General, said, “We constantly ...

  ABU DHABI / WAM The Ministry of Human Resources and Emiratisation has announced that working hours for private-sector employees during Ramadan will be reduced by two hours daily. All private sector entities operating in the country are required to comply with its provisions, the ministry said in a circular, which is issued in implementation of the Federal Decree-Law No. ...

  DUBAI / WAM The United Arab Emirates (UAE) has been ranked first regionally and 10th globally for Influence in the Global Soft Power Index (GSPI) 2022. The UAE advanced to 15th place globally in the overall GSPI ranking, up from last year’s 17th in the GSPI 2021. The country sits at the top in the region and remains at ...

  ABU DHABI / WAM The UAE is confidently reinforcing its stature as an international economic centre based on a sustainable economy and comprehensive economic partnerships with eight countries, which account for 26 percent of the world’s population, through starting a new era of strategic cooperation with these countries. The UAE is forging comprehensive partnership agreements with this group of ...

Sharjah / WAM The Board of Directors of Dana Gas has announced that it will recommend the distribution of a 4.5 fils per share cash dividend for the second half of 2021, to bring the total dividend for the year ended December 31, 2021 to 8 fils per share, a 45% increase compared to 2020. For the full year 2021, ...

  DUBAI / WAM Emirates has confirmed that it will be commencing daily services to Tel Aviv from June 23. Emirates will operate its three-class Boeing 777-300ER on the route, featuring eight private suites in First Class, 42 lie flat seats in Business Class and 304 spacious seats in Economy Class. Adnan Kazim, Chief Commercial Officer, Emirates Airline, said, “We ...

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has received a phone call from Fumio Kishida, Prime Minister of Japan. During the call, His Highness and the Japanese Prime Minister discussed the strategic relations between the two countries and ways to ...

  DUBAI / WAM The United Arab Emirates (UAE) has been ranked first regionally and 10th globally for Influence in the Global Soft Power Index (GSPI) 2022. The UAE advanced to 15th place globally in the overall GSPI ranking, up from last year’s 17th in the GSPI 2021. The country sits at the top in the region and remains at ...