Bloomberg Investors pulling out of China due to the recent regulatory crackdown may overlook India, where stocks are looking pricey after their climb to successive records, according to UBS Group AG. “The perception of risks in China has gone up and may lead investors to take out money and deploy it into other emerging markets,” Sunil Tirumalai, head of India ...

Bloomberg Bitcoin and Ether reached their highest levels in more than two months after a major Ethereum upgrade and even in the face of uncertainty over crypto rules in the US infrastructure plan. Bitcoin gained as much as 3.1% to $45,328 on August 8, its highest level since May 18. Ether increased as much as 3.5% to $3,191, gaining for ...

TUNIS / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a letter to President Kais Saied of Tunisia, addressing bilateral relations and ways to enhance them, as well as issues of mutual interest. The letter was delivered by Dr Anwar bin Mohammed Gargash, the Diplomatic Advisor to President His Highness Sheikh Khalifa, during his meeting with ...

DHAHRAN / WAM The Saudi Arabian Oil Company Aramco announced on Sunday its second quarter 2021 financial results, reporting a 288 percent increase in net income from the same quarter of last year to $25.5 billion and declaring a dividend of $18.8 billion. The Company’s net income for the first half of the year was $47.2 billion, representing a 103 ...

ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD), the economic development arm of the UAE government, has signed an agreement with the Government of Guinea to provide a concessionary loan valued at AED95.5 million ($26 million) to finance developing a major interchange and roads project in the heart of Conakry, the nation’s capital city. Once completed, this project ...

ABU DHABI / WAM The UAE has welcomed appointment of Hans Grundberg as the UN Special Envoy for Yemen and reiterated its support for all efforts aimed at finding a peaceful solution towards ending Yemeni crisis. The Ministry of Foreign Affairs and International Cooperation praised the pivotal role played by the Kingdom of Saudi Arabia to bring about stability in ...

ABU DHABI / WAM Wizz Air announced on Sunday that it is ramping up pilot recruitment across its network, with plans to hire 4,600 new pilots by 2030. The airline has already trained over 150 additional pilots to fly over 100 percent of pre-Covid-19 capacity this summer. It aims to recruit over 300 more by the end of this year, ...

ABU DHABI / WAM The Federal Authority for Identity and Citizenship (ICA) has launched the second generation of the Emirates ID card as part of the new generation of Emirati passports and national ID card project. Major-General Suhail Saeed Al Khaili, Acting Director-General of the ICA, said that the issuance of the new generation Emirates ID is part of achieving ...

AJMAN / WAM Ajman Free Zone (AFZ) recorded a significant growth of 35 percent in the number of new registered companies during the first half of 2021 compared to the same period in 2020. The report showed 867 newly registered companies in the zone, compared to 567 companies in the same period last year. This is a testament to the ...

ABU DHABI / WAM The Federal Authority for Identity and Citizenship (ICA) has launched the second generation of the Emirates ID card as part of the new generation of Emirati passports and national ID card project. Major-General Suhail Saeed Al Khaili, Acting Director-General of the ICA, said that the issuance of the new generation Emirates ID is part of achieving ...