Bloomberg Stocks fell around the world as geopolitical risks over Ukraine rippled through global markets, adding to concerns about inflation and the prospect of aggressive Federal Reserve interest-rate hikes to tame it. US futures dropped, with airlines sliding in premarket trading as Ukraine tensions hit travel stocks and companies exposed to Russia and eastern Europe were under pressure. Expensive ...

  Bloomberg Russian stocks and bonds slumped as traders weighed the risks of escalating tensions over Ukraine. The benchmark MOEX index was down more than 3%, dragged lower by losses in Sberbank PJSC and natural-gas exporter Gazprom PJSC. Russia’s cost of borrowing in dollars surged the most in two years as yields on 2029 bonds jumped nearly 60 basis points. ...

  Bloomberg Oil rises for an eighth straight week as tensions between Ukraine and Russia heightened concern about tight global supplies. The global benchmark rose 1.3% this week, touching $95 a barrel before paring gains. National Security Advisor Jake Sullivan said that the US believes Russia could take offensive military action or attempt to spark a conflict inside Ukraine as ...

  Dubai / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai World Trade Centre Authority (DWTCA), on Sunday opened the 27th edition of Gulfood, the world’s largest food and beverage sourcing event, at the Dubai World Trade Centre (DWTC). HH Sheikh Ahmed toured the show accompanied by Mariam Al Mheiri, UAE Minister of Climate Change ...

  ABU DHABI / WAM The Abu Dhabi School of Government (ADSG) and Udacity signed a memorandum of understanding (MoU) on Sunday that fosters collaboration in scientific and training fields of common interest. Through this MoU, the parties will combine efforts to launch targeted and tailored programmes to uncover the digital and leadership career potential of Abu Dhabi government employees, ...

  DUBAI / WAM Dubai Electricity and Water Authority (Dewa) completed the extension of 394 kilometres of fibre optic (FO) ducts in 2021 across different areas in Dubai. This increased the total length of these cable ducts since 2015 and until the end of last year to 3,275 kilometres. The external FO ducts protect and direct all fibre optic cables ...

  ABU DHABI / WAM The upcoming visit of President of Turkey, Recep Tayyip Erdogan, to the UAE on Monday reflects a significant step towards enhancing the growing strategic relations between the two regional partners. The Emirati-Turkish relations witnessed a qualitative leap with the visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and ...

  Abu Dhabi / WAM Bangladesh is keen to establish a direct shipping line with the UAE, which will reduce the existing navigation time by two thirds and pave the way for exponential growth in bilateral trade, a top Bangladeshi diplomat told the Emirates News Agency (WAM). AK Abdul Momen, Foreign Minister of Bangladesh, who is on a four-day official ...

  DUBAI / WAM The UAE Government Media Office announced the success of the second edition of the “World’s Coolest Winter” campaign, that was launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on December 2021. The campaign promoted tourism, natural sites and entertaining destinations and experiences ...

  Dubai / Gulf Time Danube Home, the leading one-stop retail solution for all home interior and improvement needs in the region, opened its newest showroom in Dibba, Fujairah. The showroom was inaugurated by Sheikh Abdullah bin Hamad bin Saif Al Sharqi, President of the UAE Federation and Vice-President of the Asian Federation of Body Building and Physical Strength, in ...