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  Sharjah / WAM Moody’s Investor Services and Fitch Ratings have assigned Arada first-time credit ratings, which provide a strong foundation for the UAE developer to cement its long-term growth. The successful award of the ratings, just five years since the company’s inception in early 2017, make Arada one of the youngest corporates in the UAE to apply for and ...

  Bloomberg European natural gas futures rose, with traders focused on supplies from Russia and the continent’s imports of liquefied fuel. The European Union said that companies can keep importing Russian gas without breaching sanctions, easing concerns that shipments from the bloc’s biggest provider might be cut amid a payment dispute. But the market is grappling with the implications of ...

  Bloomberg China’s most senior diplomat vowed to counter any perceived US efforts to disrupt a once-in-five-year Communist Party meeting at which President Xi Jinping is set to secure a precedent-breaking third term. Beijing should “resolutely respond to any words and deeds by Washington to suppress and contain China” before the 20th party congress later this year, Yang Jiechi wrote ...

Bloomberg Elon Musk declared he won’t proceed with his $44 billion takeover of Twitter Inc. unless the social media giant can prove bots make up fewer than 5% of its users, casting yet more uncertainty over the deal. The billionaire tweeted “this deal cannot move forward” unless Twitter provides proof of its claims, reiterating his own view that the ratio ...

Bloomberg Microsoft Corp plans to “nearly double” its budget for employee salary increases and boost the range of stock compensation it gives some workers by at least 25%, an effort to retain staff and help people cope with inflation. The move will mainly affect “early to mid-career employees,” the software giant said in a statement. “As we approach our annual ...

Bloomberg The euro-area economy grew more than initially estimated at the start of the year as the region moved past a wave of Covid-19 infections and defied headwinds from the early days of the war in Ukraine. Economic output rises 0.3% in the first quarter, exceeding a flash reading of 0.2%, according to Eurostat figures released Tuesday. Employment, meanwhile, gained ...

Bloomberg Property values in Los Angeles County are projected to rise by a record $100 billion this year, providing a boon to municipal coffers on the back of a hot housing market. The amount translates to $1.86 trillion in net value for taxable properties in the county, a 6% increase from 2021, according to a May forecast of the county’s ...

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan continues to accept condolences from heads of state, government leaders, and delegates from nations around the world over the death of late Sheikh Khalifa bin Zayed Al Nahyan. His Highness Sheikh Mohamed bin Zayed Al Nahyan received condolences, at Mushrif Palace in Abu Dhabi, from His Royal ...

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan continues to accept condolences from heads of state, government leaders, and delegates from nations around the world over the death of Sheikh Khalifa bin Zayed Al Nahyan. His Highness Sheikh Mohamed bin Zayed Al Nahyan received condolences, at Mushref Palace in Abu Dhabi, from His Royal Highness ...

Bloomberg Nato members rallied around Finland and Sweden after they announced plans to join the alliance, marking another dramatic change in Europe’s security architecture triggered by Russia’s war in Ukraine. Parliaments in the Nordic nations debated the membership, with a large majority of lawmakers in each country now backing the bid. Over the weekend, most Nato foreign ministers who had ...