News

  AL AIN / WAM The United Arab Emirates University (UAEU) has set scientific research at the forefront of its ambitious strategic vision, where research is considered a key to institutional innovation and foresight, to create a vibrant, sustainable future for the next generation. In line with the vision, the faculty members of UAEU have produced 1,077 research articles during ...

Bloomberg HSBC Holdings Plc shares rise after it delivered better-than-estimated profits and pledged to return to paying quarterly dividends next year as it seeks to head off a call by its largest shareholder to split up. Helped by rising interest rates and a jump in income from currency trading, adjusted pretax profits rise 13% to $5.97 billion in the second ...

Bloomberg The yen’s summer revival entered a fourth day, putting it on track for the longest rally since February, as one of the biggest macro trades of the year continues to unwind. The Japanese currency climbed as much as 1% to just below 132 per dollar. Hedge funds are selling down dollar positions and increasingly buying the yen as a ...

  Bloomberg The UK has paid lenders £352 million ($429 million) to cover losses so far on virus loans to small businesses, a number that’s likely to grow further with £1.6 billion of further claims lodged by the lenders at the end of March. Metro Bank Plc, which lent a total of £1.4 billion under the Bounce Back Loan Scheme, ...

  Bloomberg Quilter shares surged the most on record after a report that Natwest Group Plc is considering a bid for the wealth manager. A takeover would be NatWest’s biggest deal since its bailout during financial crisis more than a decade ago. Once one of world’s largest banks, it transformed into a largely domestic retail lender and is still part-owned ...

  Bloomberg Colombia raised interest rates to the highest level since 2009 as a slump in the peso adds to inflationary pressure in Latin America’s fastest-growing major economy. The central bank increased its benchmark rate by 1.5 percentage points for a second straight month, to 9%, governor Leonardo Villar told reporters after the meeting. Six board members voted for the ...

  ABU DHABI / WAM The central bank of the UAE (CBUAE) issued a notice to all banks and finance companies operating in the UAE on housing loans granted to beneficiaries of Home Finance of Sheikh Zayed Housing Programme (SZHP). The notice included details of the CBUAE decision, in agreement with SZHP and in line with Article (5) of the ...

Bloomberg Oil falls for a second-consecutive month as a deteriorating demand outlook offset concerns over tight physical supplies. West Texas Intermediate rises, bringing this week’s gain to around 4%. Futures nevertheless recorded their first back-to-back monthly decline since 2020 as fears of an economic slowdown fueled bearish sentiment across markets. The US economy shrank for a second quarter as rampant ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan, has received congratulatory cables from the Kings, Presidents and Princes of Arab and Muslim countries, on the occasion of the new Hijri Year. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, received similar cables ...

Sharjah / WAM Sharjah’s exhibition and conference season will soon kick off with a wide range of major local, regional, and international events hosted and organised by the Expo Centre Sharjah during the last four months of 2022. From August 26 to January 1, 2023, Sharjah will host a total of 11 business, commercial, and cultural events that will draw ...