Bloomberg A stronger US dollar is proving to be an early test for emerging-market currencies on the eve of Joe Biden’s inauguration. The greenback gained over the last two weeks, buoyed by the president-elect’s proposal for a $1.9 trillion stimulus package. Most developing-nation currencies have slumped in that span, and history suggests further pain may be in store. MSCI Inc.’s ...

Bloomberg India’s equity benchmark falls in line with its regional peers, and is now set for a second day of declines. That slump will put the S&P BSE Sensex even further away from the key 50,000 level it was looking to breach last week. The benchmark slid 1% to 48525.55 as of 11:59 am in Mumbai, with four stocks falling ...

Bloomberg Markets were mildly risk-off on Monday as investors weighed strong economic data from China, US President-elect Joe Biden’s stimulus plans and surging coronavirus trends. Carrefour SA tumbled 5.8%, leading Europe’s Stoxx 600 lower, after Canada’s Alimentation Couche-Tard Inc. abandoned talks on a $20 billion merger. The dollar ticked higher, oil prices were weaker and US equity futures dipped. Asian ...

ABU DHABI / WAM The Ministry of Energy and Infrastructure is cooperating with federal and local authorities to achieves goals 6,7 and 11 of the Sustainable Development Goals (SDGs), through implementing projects and initiatives aimed at making cities and communities comprehensive, safe, flexible and sustainable by 2030, in line with the UAE Centennial 2071 and the ministry’s contributions to the ...

ABU DHABI / WAM The Abu Dhabi Department of Finance (DoF) on Sunday announced an AED 6 billion supply chain financing initiative to support a variety of sectors, as a key initiative in its commitment to support small and medium enterprises (SMEs). The first phase of this initiative is in partnership with the National Health Insurance Company (Daman) and First ...

Abu Dhabi / WAM President HH Sheikh Khalifa bin Zayed Al Nahyan has sent a message of condolences to President Vladimir Putin of Russia on the death of the Russian Ambassador to the UAE Sergei Kuznetsov. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and HH Sheikh Mohamed bin Zayed Al Nahyan, Crown ...

Dubai / WAM du, from Emirates Integrated Telecommunications Company (EITC), and Etisalat, from Emirates Telecommunication Group Company, have announced the finalisation of their master developer agreements (MDA) with Emaar Properties. As part of new partnership, both operators will, through the Taawun infrastructure deployment initiative, cover Emaar’s major projects, providing essential telecommunications infrastructure. Customers will be able to choose their retail ...

ABU DHABI / WAM Khalifa University of Science and Technology (KU) has announced the signing of a research agreement, which will be co-funded by Aldar properties and Sandooq Al Watan, to develop economical, reusable and disposable contact lenses for those suffering from colour blindness. The project team will include researchers from Khalifa University who are currently working in collaboration with ...

DUBAI / WAM The Ministry of Health and Prevention (MoHAP) has won two prestigious awards at the HIMSS-Elsevier Digital Healthcare Award Middle East 2020, which is organised by the Healthcare Information and Management Systems Society (HIMSS). In Outstanding ICT Innovation category, MoHAP came first through the ‘Newborn Hearing Screening’ project, which aims to deploy a universal and automated newborn hearing ...

ABU DHABI / WAM Mubadala Investment Company (Mubadala), The Abu Dhabi National Oil Company (Adnoc), and ADQ, on Sunday announced the signing of a Memorandum of Understanding (MoU) to establish the Abu Dhabi Hydrogen Alliance (the Alliance). The Alliance partners will collaborate to establish Abu Dhabi as a trusted leader of low-carbon green and blue hydrogen in emerging international markets. ...