Bloomberg US equity futures rise as Chinese signals for possible easing measures outweighed concern over virus curbs in Europe. European stocks were boosted by deal activity. December contracts on the S&P 500 and Nasdaq 100 Index rise 0.3% each after a cautious week that saw the benchmark gauge underperform the technology measure. Telecom Italia SpA jumped as much as 30% ...

Bloomberg MSCI Inc’s decision to start tracking internet giants JD.com Inc and NetEase Inc. via their Hong Kong shares rather than American Depositary Receipts may reinforce a gradual shift in liquidity away from the US for Chinese stocks. The move comes amid heightened tension between the US and China over listing rules that is seeing some firms favour security at ...

Bloomberg Saudi Tadawul Group Holding is seeking to raise as much as AED3.67 billion ($1 billion) after setting the price range for an initial public offering (IPO) at 95 riyals ($25.32) to 105 riyals per share, the company said on Sunday. The Riyadh-based bourse, on which oil giant Saudi Aramco trades, plans to sell a 30% stake, or 36 million ...

DUBAI / WAM The UAE has won the bid to host the 27th International Council of Museums (Icom) General Conference 2025 in Dubai under the theme ‘The Future of Museums in Rapidly Changing Communities’. The new global achievement is set to further strengthen the UAE’s leading position as the capital of creativity and innovation across various fields. The result of ...

Abu Dhabi / WAM GCC-based venture capital firm VentureSouq (VSQ) announced the launch of its Mena fintech fund, the region’s first sector specific fund focused on FinTech across the Middle East & North Africa (Mena) region and Pakistan. The $50 million VentureSouq fund invests in early-stage fintech and SaaS companies and focuses on key subsectors including payments infrastructure, alternative credit, ...

ABU DHABI / WAM The Abu Dhabi Investment Office (Adio) welcomed more than 240 UK business leaders, entrepreneurs and innovators to the inaugural event organised by its London office to discuss expansion opportunities to the United Arab Emirates (UAE) capital. The main event took place virtually and featured speeches and panel discussions on advantages of investing in emirate’s enabling business ...

DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower) said it has recorded a remarkable growth in the number of customers from different parts of Dubai to obtain company’s high-quality environmentally-friendly district cooling services. During the first nine months of this year, Empower has witnessed a growth of 49% in the number of new registered individuals and companies, compared to ...

ABU DHABI / WAM The Federal Competitiveness and Statistics Centre (FCSC) announced that the UAE was ranked first in nine international competitiveness indexes related to the progress achieved for Goal 5 of the Sustainable Development Goals 2021, which is gender balance. The UAE is continuing its rapid progress in the United Nations Development Programme Gender Inequality Index, rising eight places ...

ABU DHABI / WAM In celebration of the UAE’s Golden Jubilee, His Highness Sheikh Abdulla bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has launched Mubadala’s television commercial (TVC) titled 50 Years of Progress taking viewers on a journey through the nation’s remarkable story. Produced as an ode to the nation, the TVC highlights important themes that ...

Dubai / WAM The Pearl Initiative, the leading Gulf non-profit organisation promoting a corporate culture of accountability and transparency, hosted 37 CEOs of leading regional and international corporations along with UAE ministers at Expo2020 Dubai for its annual CEO Council meeting to discuss the increasingly important role of the private sector in realising national policy agendas. The distinguished gathering of ...