Bloomberg It’s been a year of historic selloffs for US equities. Marked by surging inflation, jumbo-sized interest rate hikes, a darkening outlook on corporate earnings and recession clouds, the S&P 500 Index has lost 21%, on pace for its biggest slump since 2008. From crypto to former pandemic winners and so-called Faang stocks, investors have been shaken out of ...

  Dubai / WAM Starting from January 1, 2023, private sector companies with 50 employees or more that have not raised Emiratisation targets by 2 percent of skilled jobs in 2022, will be fined, the Ministry of Human Resources and Emiratisation (MoHRE) said on Thursday. The fines are AED6,000 per month, a total of AED72,000 annually, for each Emirati who ...

  Abu Dhabi / WAM Emirates Water and Electricity Company (Ewec) has announced that, for the first time, over 60% of the total power demand was delivered from renewable and clean energy sources. The achievement was announced this month, with a generation of approximately 5.5 gigawatts (GW) of the total 8.6GW system power demand being supplied from Ewec’s solar power ...