Bloomberg Japanese stocks declined by the most in almost four months, extending losses from late last week as hawkish comments from the US Federal Reserve crushed the reflation trade that had driven the market earlier this year. The selloff briefly sent the Nikkei 225 Stock Average down as much as 4%, the most since April 2020, amid a global selloff ...

Sharjah / WAM “Sharjah is committed to supporting refugees around the world by extending a strong and reliable helping hand reflected in several sustainable humanitarian programmes that mirror the ethos of our cultural project”, said HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, during a virtual event held to honour the winner of ...

DUBAI / WAM The number of real estate transactions in the emirate of Dubai in May reached 4,429, the highest total sales transaction values since March 2017 in excess of AED11.11 billion, with a growth of 1.4 percent compared to last April. A total of 20,989 real estate sale transactions were recorded from January to May worth AED 47.19 billion, ...

Abu Dhabi / WAM Emirates Development Bank (EDB) on Sunday announced that it has signed an agreement with Beehive, the UAE’s first Peer-to-Peer (P2P) platform, to expand funding options for the small and medium-sized enterprises (SMEs). The announcement follows EDB’s strategic pledge to support SMEs, startups and large corporates across five priority sectors including manufacturing, healthcare, infrastructure, food security and ...

Dubai / WAM The interest rates charged by the Emirates Inter-Bank Offered Rate (EIBOR) jumped across all terms post the Central Bank of the UAE increased on Thursday its base rate applicable to the overnight deposit facility (ODF) by 5 basis points to 15 bps, replicating the US Federal Reserve’s move on Wednesday, according to the CBUAE’s figures. The one-year ...

Bloomberg Saudi Arabia gave a first glimpse of the ambition behind the merger of two of its pension and insurance funds with a plan to rival the world’s largest investors of its kind. The new entity will boast assets of over $250 billion, according to the chief executive officer of Hassana Investment Co, the investment management arm of the kingdom’s ...

Abu Dhabi / WAM Wizz Air on Sunday launched its new electronic flight bag (EFB), a technical solution that will replace all printed onboard manuals and materials with iPads for pilots. The new system brings increased efficiency to all aspects of flight planning. It builds on the airline’s broader sustainability commitments by significantly reducing paper use and fuel consumption. Under ...

Abu Dhabi / WAM Emirates Development Bank (EDB) on Sunday announced that it has signed an agreement with Beehive, the UAE’s first Peer-to-Peer (P2P) platform, to expand funding options for the Small and Medium-sized Enterprises (SMEs). The announcement follows EDB’s strategic pledge to support SMEs, startups and large corporates across five priority sectors including manufacturing, healthcare, infrastructure, food security and ...

Dubai / WAM A specialised state-of-the-art hospital has opened its doors in Dubai Science Park, offering spinal, neurosurgical, neurological, orthopaedic and radiosurgery treatments, supported by an advanced cancer centre and neuro-rehabilitation space. The AED 700 million Neuro Spinal Hospital and Radiosurgery Centre has 114 beds – four times the capacity of its former premises in Jumeirah. The hospital also features ...

SHARJAH / WAM Sharjah Airport received the inaugural flight of the Kazakh airline “FlyArystan”, coming from Almaty International Airport and greeted it with a traditional water cannon salute. The airline seeks to benefit from the growing demand for travel to and from the Emirate of Sharjah by building this line, with a frequency of two weekly flights. The choice of ...