Bloomberg Chinese technology shares climbed on Monday after recording their best weekly advance since January as bargain hunters continued to load up on the beaten-down sector. The Hang Seng Tech Index rallied 1.1%, led by live streaming giant Kuaishou Technology and Alibaba Health Information Technology Ltd. Food delivery company Meituan erased earlier losses and rise 1.5% ahead of its results, ...

Bloomberg Stocks in Europe and US futures were steady on Monday, bolstered by Jerome Powell’s signal that pandemic-era Federal Reserve policy support will be withdrawn cautiously and gradually. Contracts on the S&P 500 were little changed and those on Nasdaq 100 edged higher after a record Wall Street close in the wake of Chair Powell’s Jackson Hole speech, while the ...

ABU DHABI / WAM The National Central Cooling Company PJSC (Tabreed) has announced the acquisition of an additional 50 percent stake in the exclusive 80,000 refrigeration ton district cooling scheme supplying Al Maryah Island in Abu Dhabi, including its major entertainment, hospitality, retail, commercial and residential developments. The acquisition is from joint venture partner, Mubadala Infrastructure Partners (MIP), bringing Tabreed’s ...

MOSCOW / WAM Dr Mohammed Ahmed Al Jaber, UAE Ambassador to Russia, has highlighted the importance of cooperation between the UAE and Russia in maintaining international security. In his statement to the Russian News Agency (TASS), Al Jaber said, “We are confident that the strategic cooperation and mutual trust between our leaderships will enable our countries to respond to threats ...

NEW DELHI / WAM The Trade Promotion Council of India on Sunday held a webinar on “India-UAE: Trade and Investment Opportunities in Agri and Food Processing.” The webinar aimed at briefing the Indian stakeholders on trade, investment and collaboration opportunities specifically in the food, beverages, food processing and packaging technology sectors in the UAE. The webinar highlighted how India and ...

Abu Dhabi / WAM The UAE has the most competitive industrial sector in the Arab world, according to the latest UN global rankings published. The country has reached 30th in the world in the 2021 United Nation’s Industrial Organisation’s (Unido) Competitive Industrial Performance Index (CIP) report which tracks 152 countries. The UAE has climbed five places since 2020 and nine ...

Abu Dhabi / WAM Al Seer Marine, an Abu Dhabi-based company fully owned by International Holding Company (IHC), listed on Sunday under the ticker ASM on the Abu Dhabi Securities Exchange (ADX) Second Market. Founded in 2002, Al Seer Marine is a leader in marine services in the region, with total assets of AED3.98 billion as at the end of ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) has installed 15 electric vehicle (EV) Green Charger stations at Expo 2020 Dubai’s pavilions: Opportunity; Sustainability and Mobility. The Green Chargers will serve the electric vehicles visitors to the Expo. Dewa has installed five Green Chargers at each pavilion, enough to charge 30 electric vehicles simultaneously, in addition to two stations ...

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, stated that the UAE has supported the medical sector during the Covid-19 pandemic, making it a universal model of successfully addressing the crisis. His Highness Sheikh Mohammed bin Rashid made this statement while chairing a meeting ...

Dubai / WAM The International Renewable Energy Agency (Irena) and World Government Summit on Sunday signed a Memorandum of Understanding to jointly promote the development of the renewable energy sector globally. With a focus on the energy system, the two organisations will use their convening power to identify effective solutions to meet global challenges, promote sustainable development and support governments ...