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Kezab, DMB sign pact for metals facility expansion

BU DHABI / WAM Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones, and Ducab Metals Business, a leading supplier of metals solutions in the region, signed a lease agreement for expanding its existing manufacturing facility in KEZAD. The 50-year lease agreement, signed in the presence of Mohamed Al Khadar Al Ahmed, ...

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UAE President receives phone call from Italian Prime Minister

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received a phone call from Her Excellency Giorgia Meloni, Prime Minister of the Italian Republic. During the call, the two sides discussed bilateral cooperation and explored opportunities to strengthen ties further to serve mutual interests. His Highness and the Italian Prime Minister also addressed cooperation in ...

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Dollar firm ahead of global inflation data

SINGAPORE / WAM The dollar made a steady start to the week on Monday, as investors were focused on US, European and Japanese inflation data to guide the global interest rate outlook, Reuters reported. Foreign exchange trade has been dominated by the hunt for “carry” in recent months, punishing low-rate currencies and supporting the dollar while US data has blown ...

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