BLOOMBERG Bond yields across the euro region fell on Wednesday as worsening economic data and slowing inflation underscored expectations for interest-rate cuts next year. Germany’s 10-year yield dropped below 2% for the first time in nine months after a report showed producer prices fell more than expected in November. The Stoxx Europe 600 index reversed an early gain to trade …

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued Federal Decree-Law No. (56) of 2023 on establishing the UAE Accountability Authority. The new Authority will replace the Supreme Audit Institution, and will report directly to His Highness the President. Aiming at maintaining and enhancing the integrity of public finances, the new Authority will be the …

SHARJAH/ WAM BEEAH has announced its commitment to achieving net-zero emissions by 2040 within its operations by methodically building on its initiatives and projects that are already working towards this target, and in line with the COP28 consensus, the UAE’s Net Zero by 2050 Strategic Initiative and the global 1.5°C ambition. With the conclusion of COP28, the UAE officially became …