BAKU/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan today arrived in Baku on an official visit to the Republic of Azerbaijan at the invitation of His Excellency Ilham Aliyev, President of Azerbaijan. The official delegation includes His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court; H.H. Sheikh ...

BAKU/ WAM uring his official visit to the Republic of Azerbaijan, President His Highness Sheikh Mohamed bin Zayed Al Nahyan today visited the tomb of the national leader of Azerbaijan Heydar Aliyev, the founder of modern Azerbaijan, where His Highness laid a wreath. His Highness also visited the Martyrs’ Lane, placing a wreath at the Eternal Flame Memorial. Accompanying His ...

BLOOMBERG Lululemon Athletica Inc, Abercrombie & Fitch Co and American Eagle Outfitters Inc raised their sales outlooks on Monday on the back of a strong holiday quarter, bucking fears of consumer weakness amid stubbornly high inflation and elevated interest rates. The upgrades come after what had been a more cautious tone in the retail industry. Nike Inc said in December ...

ABU DHABI/ WAM The Emirates Red Crescent (ERC) has finalised preparations to send a vital shipment of winter clothing to the Gaza Strip, bolstering UAE efforts under the ‘Gallant Knight 3’ humanitarian operation. This timely aid addresses the urgent need for warmth during the region’s harsh winter. The Authority explained that 400,000 winter jackets, manufactured in Egypt, will be delivered ...

BLOOMBERG The Australian dollar’s late 2023 rally faces a new hurdle with inflation data expected to strengthen the case for earlier interest-rate cuts by the Reserve Bank. The Aussie jumped nearly 10% against the greenback from late October through December as the RBA sounded hawkish while traders priced Federal Reserve rate cuts this year. The rally may struggle to extend ...

BLOOMBERG Stocks and bonds posted small moves on Monday as investors recalibrated their bets in the wake of last week’s selloff, which saw the steepest loss for the S&P 500 since October. The Stoxx 600 benchmark was little changed along with futures in the US, while Asian markets declined. Boeing Co shares are in focus as groundings of the 737 ...

BLOOMBERG The grounding of Boeing Co’s 737 Max 9 quickly gathered pace, with carriers from the US to Panama to Turkey pulling the model from service for inspections after a fuselage section on a brand-new Alaska Airlines jet blew out during flight. After Alaska Air kept its fleet of 65 737 Max 9s on the ground following the incident on ...

ABU DHABI/ WAM In the presence of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the UAE has announced its participation in developing a module on Nasa’s Lunar Gateway Station alongside the USA, Japan, Canada and the ...

DUBAI/ WAM The UAE has taken significant steps towards supporting the digital content production sector and investing in its capabilities to increase its contribution to the country’s economy. This initiative is a key focus of the UAE’s National Strategy for Cultural and Creative Industries and complements a series of initiatives to attract professionals in the creative industries and innovative content ...

DUBAI/ WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, met with participants of the annual ‘Camel Trek’ at the Seih Al Salam area of Al Marmoom Desert Conservation Reserve in Dubai. The camel trekkers were heading to the Heritage Village in Global Village after embarking on a ...