News

Bloomberg US consumer sentiment increased more than expected in early September to a six-month high as Americans grew more upbeat about the economy’s prospects. The University of Michigan’s preliminary sentiment index for September advanced to 78.9 from a final August reading of 74.1, according to data released. The median estimate from economists surveyed by Bloomberg was 75. The measure of ...

Bloomberg In the country that pioneered the world’s first industrial revolution in the 18th century, its latest one is looking very much on hold. The global shift towards robotics and artificial intelligence (AI) across advanced economies is currently in a go-slow phase in the UK — where both Covid-19 and Brexit have hampered progress. That threatens to harm Britain’s competitiveness ...

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, received on Saturday a phone call from President of France, Emmanuel Macron. During the telephone call, His Highness Sheikh Mohamed bin Zayed and President Macron discussed ways to enhance bilateral relations and cooperation between ...

Bloomberg Saudi Arabia’s warning to Opec+ cheaters and short-sellers alike helped oil prices stage their biggest weekly rally since June, despite a grim start to the week as industry heavyweights painted a troubling demand picture for the petroleum complex. Futures in New York rise 10% this week following a show of determination by Saudi Arabia, the most influential nation in ...

ABU DHABI / WAM The Abu Dhabi National Exhibitions Company (Adnec), part of ADQ, has acquired the International Exhibition for National Security and Resilience (ISNR Abu Dhabi). The leading conference in Mena region that covers security equipment sector, including device manufacturing and security technology development, will join portfolio of leading international exhibitions organised by Adnec. The acquisition comes as part ...

Abu Dhabi / WAM As the autumn bird migration gets under way, one of the rarest birds in the world has been spotted on the Saadiyat Beach Golf Course in Abu Dhabi by two members of the Emirates Bird Records Committee (EBRC) Oscar Campbell and Simon Lloyd. The bird, a Steppe Whimbrel, Numenius phaeopus alboaxillaris, is an extremely rare sub-species ...

Bloomberg TikTok asked a federal judge in Washington to block the Trump administration from enacting a ban on the fast-growing social-media network. TikTok and its parent company, ByteDance Ltd., filed a complaint challenging the Trump administration’s recent moves to prevent the app from operating in the US. The lawsuit marks the second time TikTok has challenged President Donald Trump’s actions ...

Sharjah / WAM Sharjah Islamic Bank’s (SIB) $500 million sukuk received the ‘Sukuk Deal of the Year 2020’, at the 10th Global Islamic Finance Awards (GIFA). SIB, which enjoys strong investment grade ratings of A- by Standard & Poors, A3 by Moody’s, priced a AED 1.83 billion 5-year sukuk, with a profit rate of 2.85 per cent per annum. The ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) and the National Emergency Crisis and Disasters Management Authority (NCEMA) have announced a set of protocols for regulating social events and gatherings which are aimed at containing the spread of Covid-19 and ensure the highest levels of prevention and safety approved by the health authorities. The protocols set rules ...

Abu Dhabi / WAM The UAE sent a fifth aid plane carrying 13 metric tons of critical medical supplies to Colombia to support the country’s efforts to curb the spread of Covid-19. This aid will assist approximately 13,000 medical professionals as they work to contain the virus. Commenting on the aid delivery, Salem Rashid Al Owais, UAE Ambassador to Colombia, ...