Bloomberg A less volatile year is ahead for markets, should a forecast by UBS Global Wealth Management’s Nadia Lovell play out. “Next year, we think financial markets will discover what normal looks like from a growth and an inflation standpoint,” the firm’s senior US equity strategist said in an interview on Bloomberg TV’s Surveillance. “In that environment, the S&P can ...

ABU DHABI / WAM His Highness Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of the Abu Dhabi Crown Prince’s Court and the Chairman of the Abu Dhabi Early Childhood Authority (ECA) emphasised that the UAE is dealing with children’s issues through an integrated system, at the legislative, educational, cultural and health levels. His Highness Sheikh Theyab indicated that ...

ABU DHABI / WAM The United Arab Emirates has submitted three proposals to the International Maritime Organisation (IMO) that support the reforms undertaken by IMO regarding the development and improvement of the work system. The reforms were introduced during the meetings of the IMO Council, where the UAE has a Category (B) membership. Through this move, the country hopes to ...

Bloomberg Oil logged its biggest weekly drop since August as Europe’s worsening Covid-19 crisis renewed the prospect of lockdowns just as key consuming nations look to add emergency supply to the market. West Texas Intermediate for January delivery tumbled 3.2%, while the expiring December contract lost 3.7%. Europe’s Brent skidded 2.9%. The wave of infections in Europe is growing, once ...

Bloomberg Global initial public offerings (IPOs) have smashed their previous record this year, propelled by a blank-check boom and companies cashing in on high valuations. With six weeks to go, about 2,850 businesses and special purpose acquisition (SPAC) companies have raised more than $600 billion in IPOs, leaving the records for both deal count and proceeds reached in 2007 in ...

DUBAI / WAM Emirates Post, UAE’s official postal operator and leading express provider, announced that it has partnered with Enoc Group to enhance customer experience in its last-mile delivery services in line with its leading drive to support the growth in logistics and e-commerce in the UAE. Zoom, a leading home-grown convenience store chain owned by Enoc Group, has become ...

DUBAI / WAM Dubai Land Department (DLD) signed a Memorandum of Understanding (MoU) with the Emirates Association for Management Consultants and Trainers (EMCT) to set the general framework for joint cooperation in the field of exchanging information, experiences and research relevant to the profession of management consultancy, administrative training, developing the skills of national cadres, including trainers and administrative consultants, ...

Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, and Chairman of the Board of Trustees of Dubai Future Foundation (DFF), launched the Dubai programme to enable drone transportation. The programme promotes the development and adoption of cutting-edge technologies in line with the vision of His ...

Abu Dhabi / WAM His Highness Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of the Abu Dhabi Crown Prince’s Court and the Chairman of the Abu Dhabi Early Childhood Authority (ECA) emphasised that the UAE is dealing with children’s issues through an integrated system, at the legislative, educational, cultural and health levels. HH Sheikh Theyab indicated that the ...

Abu Dhbai / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 325,883 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. As ...