News

Bloomberg Twitter Inc. reinstated the account of Zero Hedge after suspending it earlier this year, saying it made a mistake in accusing the libertarian financial website of violating rules against harassment. “We made an error in our enforcement action in this case,” a spokesperson for Twitter said. “Based on additional context from the account holder in appeal, we have reinstated ...

Bloomberg US consumer sentiment climbed in early June by the most since 2016 as more states began to reopen their economies and employers restored jobs. The University of Michigan’s preliminary sentiment index increased 6.6 points to 78.9, according to data. The median projection in a Bloomberg survey of economists called for a gain to 75. Even with the improvement, the ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, stated that ”Our founding father, the late Sheikh Zayed bin Sultan Al Nahyan, laid out a pioneering vision for the UAE, grounded in the values of cooperation, human development and sustainability.” This vision, and ...

ABU DHABI / WAM Mubadala Investment Company, an Abu Dhabi sovereign investor, on Thursday released its 2019 Annual Review, which revealed that the company achieved a total comprehensive income of AED53 billion for the year, compared to AED12.5 billion in 2018, driven by Mubadala’s public equities portfolio and funds, as well as the company’s assets across various sectors. Mubadala concluded ...

Abu Dhabi / WAM Etihad Airways and Aldar Properties have entered into a historic partnership that brings benefits to UAE-based Etihad Guest members and shoppers in the UAE capital, Abu Dhabi. Through this exclusive agreement Etihad Guest members can now earn and spend their Etihad Guest Miles on purchases made with their Visa cards at three malls within Aldar’s retail ...

DUBAI / WAM The UAE, represented by the Telecommunications Regulatory Authority (TRA) chaired the virtual consultation session of the council members of the International Telecommunication Union (ITU) which started on June 9, and lasts for four days. The session discusses the most important measures need to be taken by the ITU to ensure work continuity until the next meeting of ...

Bloomberg Oil slumped in New York as the Federal Reserve forecast a long road to recovery for the US economy and American crude inventories rose to a record. Futures lost 3.5% to trade near $38 a barrel. Fed Chairman Jerome Powell said the pandemic could inflict long-lasting damage on the economy and signaled it would keep rates near zero possibly ...

DUBAI / WAM DP World has announced the completion of its acquisition of a 51 percent stake in TIS Container Terminal in the Port of Yuzhny, Ukraine. This follows satisfaction of specific conditions including confirmation of regulatory approval from the relevant government authorities. This project will be DP World’s second partnership with TIS shareholders, the first being our very successful ...

DUBAI / WAM Dubai property developer Nakheel announced the increase in demand for villas, with sales worth AED223 million in the last three months, as buyers look for more indoor and outdoor living space to adapt to the ‘new normal’. According to a press release issued by the company on Thursday, Nakheel has sold 70 villas with a sales value ...

Dubai / WAM DP World has announced the completion of its acquisition of a 51 percent stake in TIS Container Terminal in the Port of Yuzhny, Ukraine. This follows satisfaction of specific conditions including confirmation of regulatory approval from the relevant government authorities. This project will be DP World’s second partnership with TIS shareholders, the first being our very successful ...