FUJAIRAH / WAM HH Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, marked the 47th anniversary of the Armed Forces Unification Day with a statement emphasising the pride that the UAE’s army brings to the nation. In a speech to ‘Nation Shield’ marking the 47th Armed Forces Unification Day, Sheikh Hamad praised the bravery of ...

BLOOMBERG  The stock market was set for a rebound at the end of a chaotic week, with a rally in regional banks tempering data showing jobs resilience. Treasury yields rose with the dollar. S&P 500 futures signalled the equity benchmark will climb after its longest losing streak since February. PacWest Bancorp soared, following a six-day selloff that saw its shares ...

BLOOMBERG  Investors are likely to favour gold and technology stocks as those bets are expected to provide a buffer against the possibility of a US recession this year, according to strategists at JPMorgan Chase & Co. The trade defined as “long duration” is expressed by being overweight on gold, growth stocks such as technology companies and currencies (short USD), strategists ...