Bloomberg Hong Kong’s market rally is benefiting developers to drugmakers, which rushed to sell stock in the biggest week for follow-on equity offerings in more than two years. Companies listed in the city priced a combined $2.5 billion of such share sales last week, making it the busiest week since June 2015, according to data compiled by Bloomberg. The flood ...

Reuters Gulf stock markets were sluggish in early trade on Monday with real estate developers weighing on Dubai because of continued concern about the impact of ample supply of new homes on the sector. The Dubai index lost 0.6 percent to 3,492 points as Emaar Properties dropped 0.8 percent and Deyaar and Union Properties both fell 0.7 percent. In the ...

AL AIN / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Sunday patronised the graduation ceremony of the 42nd batch of cadet officers of Zayed II Military College in Al Ain. The ceremony began upon the arrival of His Highness Sheikh Mohammed bin Rashid at the college ...

Dubai / WAM The UAE occupied the first regional position and the 17th international position on the Global Talent Competitiveness Index (GTCI), according to the 2018 publication issued by the Business School for the World (INSEAD), in France. The report is a comprehensive annual benchmarking measuring how countries and cities grow, attract and retain talent, providing a unique resource for ...

ABU DHABI / Emirates Business A delegation from the Abu Dhabi International Boat Show (ADIBS) managed by Abu Dhabi National Exhibitions Company (ADNEC) attended Boot Düsseldorf, one of the largest premier marine shows for yachting, watersports and fishing currently underway in Düsseldorf, Germany. The ADIBS team’s participation, alongside partners British Marine and Superyacht UK, is aimed at increasing awareness of ...

Abu Dhabi / Emirates Business Obaid Humaid Al Tayer, Minister of State for Finance and Chairman of the Board of Directors of Emirates Development Bank (EDB), announces the launch of financing products for small and medium-sized enterprises (SMEs), owned and operated by UAE nationals, in support of the economic and social development, taking place in the United Arab Emirates. Approximately ...

Dubai / Emirates Business Emirates SkyCargo, the freight division of Emirates, has stepped up its commitment to securely transport temperature sensitive pharmaceutical shipments with the introduction of pharma corridors offering additional protection across selected stations in its network for pharmaceutical cargo. Emirates SkyCargo is working with ground handling partners and other stakeholders at multiple cities across its global network in ...

Ajman / WAM His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, reviewed the plans, programmes and projects undertaken by the Ministry of Climate Change and Environment (MOCCAE), being implemented throughout the country, as well as in the emirate. His Highness, the Ruler of Ajman, received Dr Thani bin Ahmed Al Zeyoudi, Minister of ...

Abu Dhabi / WAM The UAE is first in the region and is ranked third globally, after China and India, for a fourth consecutive year, staying atop the Compatibility and Connectedness sub-indices in the Agility Emerging Markets Logistics Index. The country is also attributed the number one position for Quality of Infrastructure. The Compatibility sub-index is effectively a measure of ...

Abu Dhabi / WAM Sultan bin Saeed Al Mansoori, UAE Minister of Economy (MoE), and Steven Ciobo, Australia’s Minister for Trade, Tourism and Investment, met to discuss strengthening economic cooperation in sectors of mutual interest. The two ministers highlighted the latest developments regarding the implementation of recommendations and cooperative frameworks agreed on during the first session of their countries’ Joint ...