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Stocks, bonds struggle following uncertainty interest rate hike

BLOOMBERG European shares crept higher following three straight loss-making days, after softer US economic data sparked a late bounce on Wall Street and soothed fears of a Federal Reserve interest rate hike next month. Gains were fragile however, with Europe’s Stoxx 600 index edging just 0.1% higher after closing at the lowest in more than six months, while futures for ...

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ADNOC signs agreements with 30 companies for local manufacturing opportunities worth up to AED10 Billion

ABU DHABI/ WAM ADNOC has announced new agreements with 30 companies for local manufacturing of critical non-oil products in its supply chain as it accelerates the decarbonisation of its operations. The announcement was made at ADNOC’s 7th annual Business Partnership Forum held at ADIPEC, the world’s largest energy industry gathering taking place in Abu Dhabi. The new agreements, outline the ...

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ADIPEC 2023 a success, showing global energy industry’s commitment to decarbonisation

ABU DHABI / WAM The 39th edition of ADIPEC 2023, the world’s largest and most inclusive energy industry event, concluded on Thursday after 4-day thought-provoking discussions, innovative solutions, and groundbreaking partnerships. Held under the theme of “Decarbonising. Faster. Together.”, the event, featured 10 conferences – including a new,hydrogen-focused conference and an expanded strategic decarbonisation conference – that addressed a range ...

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