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FTSE adds Adnoc Drilling to three indices as growth plan approved

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ABU DHABI / WAM Adnoc Drilling Company on Sunday announced continued confidence in the key business growth and budget resolutions at the inaugural meeting of the newly formed Adnoc Drilling Board, and welcomed the inclusion of the Company in three globally-recognised Indices: FTSE Emerging Index, FTSE Global Large Cap Index and FTSE All-World Index. This follows the company’s recent highly ...

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UAE’s daily coronavirus cases dip below 100

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 317,254 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. The Ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. MoHAP announced 99 new ...

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Supply chain chaos, rising costs to hit Europe profits

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Bloomberg Cost pressures, supply-chain chaos and a reopening letdown are set to plague Europe’s third-quarter earnings season, setting investors up for more disappointment than elation. While strong numbers from behemoths like LVMH and SAP SE reassured European stock investors last week, further good news may be needed to keep the rally alive. Rising inflation and a stalling global recovery pose ...

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