Recent Posts

US futures, euro gain as war escalation fears ease

  Bloomberg US equity futures rise in choppy trading after a rocket strike inside the Polish border reminded investors of the potential for escalation in the Russia-Ukraine war, though the euro and the Polish zloty recouped earlier knee-jerk losses. While Europe’s Stoxx 600 Index snapped a four-day rising streak, contracts on the S&P 500 traded 0.4% higher, and those on ...

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AD Ports third-quarter net profit up 77% to AED334m

  Abu Dhabi / WAM AD Ports group on Tuesday announced its financial results for the third quarter of 2022. The group’s revenue grew 53% year-on-year (YoY) to AED1,466 million in Q3 2022 (+35% YoY growth to AED3,755 million for the first nine months of 2022), driven by strong growth in its maritime cluster and a robust performance of its ...

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Cabinet approves penalties for flouting Nafis initiative

  DUBAI / WAM The Ministry of Human Resources and Emiratisation (MoHRE) and the Emirati Competitiveness Council (Nafis) have started implementing the Cabinet Resolution No. 95 of 2022 regarding violations and administrative penalties related to the initiatives and programmes of (Nafis). The resolution mandates the ministry and the council to apply administrative penalties per specialisation. The cabinet resolution provides an ...

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