Bloomberg The US equity-index futures dropped with Treasuries as investors weighed inflation risks and the impact of a minimum corporate tax on technology firms. The dollar ticked up. Futures on the Nasdaq 100 and S&P 500 declined, while European stocks fluctuated between gains and losses. The 10-year rate added two basis points after Treasury Secretary Janet Yellen said a slightly ...

Bloomberg The debate about when the Federal Reserve will start scaling back bond purchases is driving some investors to emerging-market assets less exposed to a potential surge in US yields. William Blair Investment Management and Fidelity International are bulking up on high-yield or frontier bonds that are less sensitive to US interest rates. Meantime, Bank of America Corp is recommending ...

DUBAI / WAM With Spain welcoming fully vaccinated international visitors starting from Monday, UAE travellers planning their summer getaways can now choose from over 30 cities in 19 countries across the Emirates network that have opened their doors for tourism and business. From July, Emirates will operate over 280 weekly flights from Dubai to cities in Europe, the US, Middle ...

DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower) has saved more than 1,312 megawatts of electricity last year, which represents a total value of AED3.4 billion and marked a record number of fresh water savings, which amounted to more than 349 million imperial gallons by the end of 2020. The company reaffirmed its full commitment to support the UAE’s ...

ABU DHABI / WAM The UAE has strongly condemned Iran-backed Houthi terrorist militias’ systematic attempts to attack civilians and civilian objects in Khamis Mushait, Saudi Arabia, with an explosive drone, which was intercepted by the Coalition Forces. In a statement released by the Ministry of Foreign Affairs and International Cooperation (MoFAIC), the UAE reiterated that these systematic terror attacks by ...

Dubai / Emirates Business Emaar Properties saw property sales in Dubai surge by 250 percent in the first five months of 2021, compared to the same period last year. Total property sales to date reached AED10.5 billion, against AED3 billion in the same period last year. The company is forecasting even higher growth for H1 2021. Commenting on the figures, ...

Abu Dhabi / WAM Over AED1.4 billion transactions were struck on UAE financial markets on Sunday, pushing the Abu Dhabi main share index 0.26 percent up to 6623 pts, compared to the last trading session, with the Dubai main index following suit at 2820 pts. The International Holding Company led the best performing shares with over AED683 million in trades, ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa) announced that its installed capacity has reached 12,900 megawatts (MW) of electricity and 490 million imperial gallons of desalinated water per day (MIGD) thanks to its state-of-the-art infrastructure, innovation and planning. In comparison with the 1990s, which witnessed the merger of the Dubai Electricity Company and the Dubai Water Department and ...

Dubai / WAM Enoc group opened two new service stations in Sharjah, bringing the total number of Enoc’s service stations to nine in Sharjah and 155 across the UAE. Located in Al Rahmaniya residential area on the E611, both service stations are part of a larger plan to construct 12 new stations in Sharjah by the end of the year ...

Abu Dhabi / WAM The Financial Intelligence Unit of the United Arab Emirates (UAE FIU) signed two separate Memoranda of Understanding (MoUs) with the Bangladesh Financial Intelligence Unit (BFIU) and the Financial Reporting Centre (FRC) of the Federal Republic of Somalia in line with international efforts to exchange financial information and expertise, as well as collaborate with relevant authorities and ...