Bloomberg This time, it may be more than just another false dawn for European bank stocks. The worst performers among Europe’s equity markets in past decade have had occasional hot streaks, but with this year’s re-emergence of inflation promising an end to an era of near-zero interest rates, the sector is among the biggest gainers in 2021. The Stoxx 600 ...

Abu Dhabi / WAM The UAE welcomed the decision of the Kingdom of Saudi Arabia to limit registration for this year’s Hajj pilgrimage to citizens and residents of the Kingdom, at a total of 60,000 pilgrims, in light of the Covid-19 pandemic. In a statement made on Saturday, Khalifa Shaheen Al Marar, Minister of State, said the UAE welcomes the ...

Dubai / WAM Dubai’s economy has proved its resilience and ability to recover quickly from the global repercussions of the Covid-19 pandemic by achieving high levels of external non-oil trade growth in Q1 2021. Dubai’s foreign trade this quarter touched AED354.4 billion growing 10% from AED323 billion in the corresponding period in 2020, and 5% compared to Q1 2019. This ...