Bloomberg US equity-index futures fluctuated between gains and losses, while the dollar halted a two-day rally, as investors assessed the outlook for economic recovery and awaited the latest Federal Reserve minutes to gauge the direction of monetary policy. Contracts on the S&P 500 Index slipped 0.1% after the underlying gauge falls by the most in four weeks. The dollar halted ...

Bloomberg Shares in HDFC Bank Ltd jumped after the Reserve Bank of India (RBI) said it would allow the lender to issue new credit cards, partially removing a months-long ban. The lender will roll out the preparations and strategies it has put in place to “come back with a bang” in credit cards, it said in a statement. It will ...

ABU DHABI / WAM Mubadala Capital, the asset management subsidiary of Mubadala Investment Company, has closed its third Private Equity fund, MIC Capital Partners III (Fund III), with total commitments of $1.6 billion. Fund III surpassed its initial target and raised capital commitments from a diverse set of new and existing investors including leading pension plans, endowments, insurance plans, government ...

ABU DHABI / WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, received a call from Florence Parly, French Minister of Armed Forces, during which they discussed ways of boosting bilateral cooperation regarding regional defence and military issues of mutual interest to serve interests of the two friendly countries. Within the framework of cooperation between two countries, ...

ABU DHABI / WAM Major electricity projects valued at AED51 million ($13.9 million) have been inaugurated by the government of the Comoros. Financed by Abu Dhabi Fund for Development (ADFD), these projects will supply electricity to more than 12,000 homes and are expected to stimulate the economy of the island nation. Azali Assoumani, President of the Comoros, attended the inauguration ...

Bloomberg Oil fell for a fourth day, heading for the longest run of losses since March, on the threat to demand from the delta coronavirus variant. West Texas Intermediate futures declined 0.5% after losing almost 3% over the previous three sessions. US gasoline consumption fell for a third week, according to a survey by Descartes Labs, while data from China ...

NEW DELHI / WAM India has launched a series of competitions to popularise Expo 2020 Dubai as its preparations gather steam for participation in the world exposition in just over six weeks. “The main purpose of these competitions is to amplify the core message of the Dubai World Expo: Connecting Minds, Creating the Future,” according to an overview of the ...

DUBAI / WAM The Dubai World Trade Centre is preparing to host the 15th edition of Light Middle East from September 28-20. The grand event will see exhibitors from 23 countries shine the spotlight on how they’ve pivoted towards growing market opportunities over the last 12 to 18 months. Local stalwarts including Abensal, Cinmar, Creation Gulf, and Scientechnic, will rub ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has inaugurated the 300 megawatt (MW) first stage of the 900MW fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park. Implemented by Dubai Electricity and Water Authority (Dewa) using the Independent Power Producer (IPP) model, the solar park is ...

Abu Dhabi / WAM Major electricity projects valued at AED51 million (US$13.9 million) have been inaugurated by the government of the Comoros. Financed by Abu Dhabi Fund for Development (ADFD), these projects will supply electricity to more than 12,000 homes and are expected to stimulate the economy of the island nation. Azali Assoumani, President of the Comoros, attended the inauguration ...