BLOOMBERG The International Monetary Fund (IMF) and China have a “strong partnership,” the organisation’s chief, Kristalina Georgieva, said as she wrapped a visit to the biggest lender for many developing economies and a key player in talks about their debt and financial stability. “In a world where so many countries are vulnerable to the impact of the Covid and world ...

BLOOMBERG Chinese stocks jumped after the nation rolled out further property support measures, the latest in an intensifying campaign to rescue the beleaguered sector that’s been dragging down the economy. The Hang Seng China Enterprises Index gained as much as 3.6%, with property names Longfor Group Holdings Ltd and China Resources Land Ltd leading  the advance. A Bloomberg  Intelligence gauge ...

BLOOMBERG European stocks climbed, bolstered by signs China’s stimulus measures are seeping through into the economy and wagers that global interest rates are approaching a peak. The Stoxx 600 gauge rose 0.9%, halting three days of losses. Gains were led by resources shares, including mining giants Rio Tinto Plc, Glencore Plc and Anglo American Plc, as metals prices rallied. A ...

SHARJAH / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, approved 25 new scholarships for postgraduate studies at the University  of Sharjah (UOS) for Sharjah citizens, who were accepted to enroll in the university’s various programmes for the academic year 2023/2024. The third batch of postgraduate scholarships comprises 3 doctoral scholarships, 21 ...

NAIROBI / WAM The International Renewable Energy Agency (Irena) and the African Union Development Agency (Auda-Nepad) have signed an agreement aimed at supporting African countries in their efforts to achieve the African Union’s Agenda 2063 and the United Nations Sustainable Development Goal 7 to ensure access to affordable, reliable, sustainable and modern energy for all. The agreement was signed on ...

ABU DHABI / WAM Jamil Kawar, Vice President for the Middle East and North Africa (Mena) at ICEYE, an international satellite manufacturing company, said the success of astronaut  Sultan Al Neyadi’s mission had enhanced the UAE’s leadership in space sciences and its track record as a leader in the global space industry. In his statement to the Emirates News Agency ...

DUBAI / WAM Emirates NBD has announced it invested in Komgo, a leading software development and technology services company transforming the trade finance industry. The strategic equity investment was made by Emirates NBD’s Innovation Fund, the bank’s corporate venture fund. Emirates NBD’s corporate venture capital arm will enable the group to invest in tech start-ups and companies supporting its digital ...

ABU DHABI / WAM Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) is inviting Chinese tourists and residents to experience Golden Week, a national holiday celebrated annually during October. Guests visiting the emirate, especially those who are experiencing it for the first time, will get to explore a wide variety of experiences to mark the occasion and ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Monday attended the 20th edition of the Abu Dhabi International Hunting and Equestrian Exhibition (Adihex) at the Abu Dhabi National Exhibition Centre. Organised by the Emirates Falconers’ Club and running from September 2-8, this year’s event is being held under the theme ‘Sustainability and Heritage, ...

ABU DHABI / WAM Mubadala Capital, the $20 billion global asset management firm, and Petrobras, the Brazilian integrated energy company, on Monday signed a memorandum of understanding (MoU) that will see the two parties explore a potential investment by Petrobras into a biofuel project currently being developed by Mubadala Capital in the State of Bahia, Brazil. The MoU builds on ...