BLOOMBERG European stocks were mixed as traders weighed concerns over China’s debt burden against dovish comments by a European central banker. The Stoxx 600 was little changed, while US equity futures extended losses. German government debt advanced and money markets amped up easing bets after the ECB’s Isabel Schnabel told Reuters that further interest rate hikes are unlikely. At the …

RAS AL KHAIMAH / WAM H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, has directed to reduce commercial licensing fees by 25 percent for all small and medium enterprises (SMEs) in the southern regions. The directives came within the framework of Sheikh Saud’s follow-up of work progress in various economic sectors in …

DUBAI / WAM The Emirates Nuclear Energy Corporation (Enec) and Westinghouse, an international leader in designing, developing and deploying commercial nuclear energy facilities, have together signed a memorandum of understanding (MoU) regarding the eVinci microreactor as a key solution for tackling the dual challenges of energy security and climate change. The MoU signing took place at COP28 between Mohamed Al …