BLOOMBERG Stocks and bonds rose as China moved to address a worsening property slump, shoring up confidence in global markets.  US and European equity futures advanced, while bond yields ticked lower. The moves came after China’s banking regulator announced it would set up a task force to examine risks at Zhongzhi Enterprise Group Co. The company, one of the nation’s …

ABU DHABI / WAM Concerning reporting by a media outlet on the UAE allegedly supplying arms and ammunition to warring parties in Sudan, Afra Al Hameli, Director of Strategic Communications at the Ministry of Foreign Affairs, has expressed the UAE’s categorical refutation of the claims and allegations in the story. The UAE has not supplied arms and ammunition to any …

DUBAI / WAM Ducab Group, one of the biggest end-to-end energy solutions providers and manufacturing firms in the UAE, has announced plans to form its own Youth Council to foster a thriving and inclusive community and actively engage young employees in the company’s decision-making processes. The newly established Ducab Youth Council will catalyse positive change and progress within the company, …