Bloomberg BlackRock Inc. said it’s turned bearish on credit and government bonds, downgrading the two asset classes to underweight over the long-term because of high valuations and inflation expectations. A stronger economy on the back of the Covid-19 vaccine rollout, combined with the potential for as much as $2.8 trillion of additional fiscal stimulus and higher inflation will drive up ...

DUBAI / WAM Upon the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, will chair a government retreat on Tuesday, ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) announced on Monday that its Thamama Centre of Excellence (Thamama) has generated $1.1 billion (AED4.04 billion) in business value since its inception in 2017. The announcement was made at Adnoc’s Innovation Week, which is taking place virtually from February (21-25). Named after the reservoir formation most dominant in Abu ...