BLOOMBERG It’s a familiar pattern that’s played out time and again during China’s stock market rout this year: Bold policy steps to rejuvenate the economy spark a flicker of enthusiasm at the start of the trading day but the recovery fails to last and concern swiftly returns to the troubled property sector. Such was the price action that greeted the ...

BLOOMBERG US equity-index futures dropped after Microsoft Corp and Google’s parent Alphabet Inc delivered a mixed picture of big tech earnings. Contracts on the Nasdaq 100 sank 0.6% and those on the S&P 500 were down 0.4%. Alphabet fell more than 7% in premarket trading after its cloud unit reported a smaller than expected profit. Microsoft, on the other hand, ...

ABU DHABI/ WAM The National Marine Dredging Company (NMDC) announced its record growth rates in net profits during the third quarter of 2023, reaching AED1.513 billion for the first nine months. This reflects the organisation’s leading position in the local, regional and global markets, as well as its strategic role in implementing major vital projects by enhancing its competitiveness and ...

ABU DHABI/ WAM Investcorp Capital plc has announced its intention to proceed with an IPO of 643,000,000 ordinary shares with a nominal value of USD 0.50 (equivalent to AED 1.84) each representing approximately 29.34% of its issued share capital post issuance of the new shares and to admit its shares for listing and trading on the Abu Dhabi Securities Exchange ...

ABU DHABI/ WAM H.H. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of the Office of Development Affairs at the Presidential Court, has met with frontline health workers of the Emirates Polio Campaign (EPC) in Pakistan to thank them for their skill and tireless efforts in helping to stamp out polio. In a video call to mark World Polio ...

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan today welcomed Hakan Fidan, Foreign Minister of the Republic of Türkiye, at Qasr Al Shati. They discussed efforts to enhance the humanitarian response for civilians affected by the crisis in the Gaza Strip, especially in light of critical developments in the area. Fidan conveyed to His Highness the greetings ...

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan today received Mélanie Joly, Canadian Minister of Foreign Affairs. During the meeting at Qasr Al Bahr in Abu Dhabi, His Highness and the Canadian Foreign Minister discussed bilateral relations and ways to strengthen cooperation in various sectors to help both countries achieve their development ambitions. The meeting also touched ...

DUBAI / WAM The Emirates Group has called Emirati high school graduates to join its Aircraft Maintenance Engineer Licence (AMEL) Scholarship Programme, open for admissions now, to qualify for an array of positions across the Group’s aircraft maintenance departments. Candidates will be able to become a Licenced Aircraft Engineer for Emirates, the world’s largest international airline and operator of some ...

ABU DHABI / WAM As part of the “End it right” campaign launched by the General Pension and Social Security Authority (GPSSA), insured individuals have been offered more flexible features when switching jobs, as per recently amended conditions in the Shourak programme. Shourak’s main aim is to improve the quality of life of insured individuals while achieving financial stability for ...

ABU DHABI / WAM Al Seer Marine and L3 Harris Technologies have reaffirmed their teaming agreement at the Abu Dhabi International Petroleum Exhibition Conference, marking yet another significant milestone in the ongoing evolution of their strategic partnership. This continued collaboration serves to fortify their strong relationship, underscored by the successful execution of numerous projects over the past six years. The ...