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Japan ramps up yen intervention warning after BOJ-fuelled selloff

BLOOMBERG Traders are piling into fresh bets against the yen, triggering pushback from Japanese authorities who are threatening once again to take action including the possibility of currency intervention. The yen edged away from a year-to-date low on Wednesday after Masato Kanda, Japan’s top currency official at the finance ministry, said authorities are ready to act if needed. “We’re on ...

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US futures slip before Federal Reserve’s likely ‘hawkish’ hold

BLOOMBERG US stock futures slipped and Treasuries edged higher ahead of the Federal Reserve interest-rate decision and the US government’s new borrowing plan. Contracts on the S&P 500 and the Nasdaq 100 dropped by about 0.3%. WeWork Inc plunged 42% in premarket trading after the Wall Street Journal reported that the company plans to file for bankruptcy as early as ...

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Dubai Financial Market and Tawasal SuperApp Partner to Boost Accessibility and Investor Engagement

DUBAI/ GULF TIME Dubai Financial Market (DFM) announces its strategic partnership with Tawasal , a multi-purpose SuperApp based in the United Arab Emirates. The collaboration aims to provide users with comprehensive real-time data from Dubai’s capital market, significantly improving user access to information and enabling informed financial decision-making. The collaboration between DFM and Tawasal aims to enhance data accessibility, seamlessly ...

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UAE President receives King of Jordan in official ceremony

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan welcomed His Majesty King Abdullah II bin Al-Hussein of the Hashemite Kingdom of Jordan on a state visit to the UAE today. His Majesty’s procession was greeted at Qasr Al Watan in Abu Dhabi, with an official reception ceremony featuring a cavalcade of horsemen on Arabian horses in the ...

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ZainTECH’s participation at GITEX Global 2023 a resounding success

DUBAI/ GULF TIME ZainTECH, the integrated digital solutions provider of Zain Group, concluded its successful debut at GITEX Global 2023, the largest ICT and technology exhibition and conference in the Middle East,  which took place in Dubai, UAE, 16-20 October. The company took this opportunity to showcase the depth and breadth of its solutions portfolio, and to annouce a series ...

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UAE President receives Azerbaijan Foreign Minister

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan today received Jeyhun Bayramov, Foreign Minister of the Republic of Azerbaijan. During the meeting, which took place at Qasr Al Bahr in Abu Dhabi, the Foreign Minister conveyed to His Highness the greetings of Ilham Aliyev, the President of Azerbaijan, along with his wishes for the continued progress and ...

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Mohammed bin Rashid honours UAE’s Amnah Al Mansoori, Qatar’s Abdullah Al Berri as joint Arab Reading Champions 2023

DUBAI/ WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, honoured winners of the Arab Reading Challenge 2023 at the concluding event of the 7th edition, which also saw awards granted to Community Champion, Outstanding Supervisor and Best School, as well as the People of Determination Champion. His Highness Sheikh Mohammed bin ...

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