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Newly appointed ministers sworn in before UAE President and Vice Presidents

ABU DHABI / WAM Newly appointed UAE ministers were sworn in before UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan; His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai; and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, on Thursday ...

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Chinese stocks rebound amid easing bets after dismal start to year

BLOOMBERG China stocks rallied on Thursday in what was largely seen by market watchers as a technical rebound amid expectations of policy easing by the central bank. The Hang Seng China Enterprises Index of major mainland companies listed in Hong Kong jumped as much as 2.3% before finishing the day up 1.4% — the most in two weeks. It had ...

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Global stocks edge higher in countdown to US inflation

BLOOMBERG Global stocks rose as investors awaited US inflation data that will help clarify the path for Federal Reserve policy. Europe’s Stoxx 600 index advanced 0.5%, while US equity futures showed the S&P 500 and Nasdaq 100 indexes were set to add to earlier gains. A gauge of Asian stocks rallied as Japanese equities hit a fresh three-decade high. Treasuries ...

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Walmart expands rollout of generative AI search on app

BLOOMBERG Walmart Inc opened up access to a generative artificial intelligence (AI) tool that allows shoppers to search for products by specific use cases, rather than look up one item at a time. The technology is now available for use on the Walmart app on Apple Inc’s iOS mobile operating system, the world’s largest retailer said in a statement at ...

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ADIB launches B2B marketplace to empower Small and Medium Enterprises

ABU DHABI/ WAM Abu Dhabi Islamic Bank (ADIB) has announced the introduction of ADIB Business Souq, an innovative digital marketplace designed to provide comprehensive support to Small and Medium-sized Enterprises (SMEs). This all-in-one digital platform aims to significantly reduce the cost of doing business by offering a wide range of exclusive offers and discounts. ADIB Business Souq is an online ...

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UAE President participates in Vibrant Gujarat Global Summit in India

AHMEDABAD/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has participated in the 10th edition of the Vibrant Gujarat Global Summit in India, following an invitation from the Indian Prime Minister His Excellency Narendra Modi. Held in Ahmedabad, Gujarat, the three-day summit is being attended by numerous heads of state, government officials, decision-makers, and business and finance professionals ...

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CEPA fuels prosperity and sustainable growth for UAE and India

ABU DHABI/ WAM The economic, trade, and investment cooperation between the UAE and India represents a model for constructive international collaboration to stimulate bilateral investments and trade. This was culminated in the Comprehensive Economic Partnership Agreement (CEPA) between the two countries, contributing to creating more opportunities for sustainable mutual growth in their economies. This comprehensive economic partnership reflects the strength ...

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