Bloomberg Most Asian stocks fall on Wednesday as the dollar held around a one-year high, bolstered by robust US economic data that highlighted the case for tighter monetary policy and pushed up Treasury yields. MSCI Inc’s Asia-Pacific stock index snapped a four-day climb, with Japan lower amid slower export gains. US and European futures fluctuated. The S&P 500 extended a ...

Bloomberg The post-pandemic retail trading frenzy has drawn a lot of credit for driving stock prices to a series of record highs. Yet overlooked is the return of an even bigger force in the equity market: corporate America. From Apple Inc to Bed Bath & Beyond Inc, US companies have announced plans to buy $1.06 trillion of their own shares ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued the Federal Decree — Law No.33 of 2021 on the regulation of labour relations in the private sector that will take effect from February 2, 2022. The new decree-law seeks to enhance the elasticity, resilience and sustainability of the labour market nationwide, as well as ...

ABU DHABI / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, has stated that the UAE, represented by its wise leadership and people, is keen to convey its message of peace and tolerance to the entire world. Sheikh Nahyan commended to the UAE’s successful experience, which extends for nearly 50 years. He noted that the homeland ...

DUBAI / WAM On the third day of the Dubai Airshow 2021, the Ministry of Defence announced the conclusion of 6 deals worth AED 4,257,401,000.00 with local and international companies. This brings the total deals concluded during the first three days to 16 deals, with a total value of AED 20, 781,446,000.00. The deals of the first day amounted to ...

ABU DHABI / WAM Tawazun Economic Council (Tawazun) and Al Yah Satellite Communications Company PJSC (“Yahsat” and, together with its subsidiaries, “the Group”) the UAE’s flagship satellite solutions provider, on Tuesday announced the signing of an agreement for the incorporation of their proposed joint venture, Star Technologies, at Dubai Airshow. Star Technologies will develop best-in-class satcom capabilities, building upon the ...

ABU DHABI / WAM The UAE and Russian Federation have signed a ‘declaration of intent’ to form a joint task force that will work to promote cooperation between the two countries in the energy sectors specifically in clean energy. The announcement aims to achieve sustainable developments requirements, as well as, Paris Climate Change Agreement as the two countries are pioneers ...

DUBAI / WAM Sarah bint Yousif Al Amiri, UAE Minister of State for Advanced Technology and Chairwoman of the UAE Space Agency, discussed with Kamal bin Ahmed Mohammed, Minister of Transportation and Communications and Chairman of the National Space Science Agency in the Kingdom of Bahrain, ways to enhance prospects for cooperation in the space sector. In their meeting on ...

Sharjah / WAM HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah and Chairman of Sharjah Executive Council (SEC), chaired on Tuesday the meeting of the Executive Council at the Ruler’s Office. The meeting discussed a number of topics on its agenda on developing government work of the development projects in all vital ...

Dubai / Emirates Business The Dubai Financial Market (DFM) on Tuesday announced an incentives program to encourage new IPOs and listings from private sector companies representing numerous rapidly growing economic sectors that strongly contribute to GDP as well as the new-economy related firms. The program encompasses unprecedented incentives including financial support to the cost of private companies’ IPOs on DFM’s ...