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Tech stocks lose $1.6trn in worst streak in six months

Bloomberg The Nasdaq 100 Index capped a third straight week of declines that shaved off $1.6 trillion in market value from high-flying technology stocks amid a rise in US Treasury yields. The slump eased as benchmark rise alongside S&P 500 Index, gaining 1.6%. Still, Nasdaq ended the week 1.9% lower, marking the longest streak of declines since September. “Higher interest ...

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UAE sends more humanitarian aid to flood-hit people in Sudan

KHARTOUM / WAM The Emirates Red Crescent (ERC) continues to provide additional humanitarian aid to those affected by floods which swept through a number of Sudanese states last year, as part of its efforts to address the repercussions of the disaster that is still affecting people in some areas. In this context, the ERC dispatched three new aid convoys to ...

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Digital payment transactions in UAE reach $18.50b in 2020

Dubai / WAM The Telecommunications and Digital Government Regulatory Authority has appreciated the data insights by the World Digital Report 2021, published in partnership between “We Are Social” and “Hoot suite”. The report sheds light on the digital lifestyle in the UAE, based on group data that monitored individuals and companies’ behaviour during the year 2020, which witnessed the coronavirus ...

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