ABU DHABI / WAM The UAE Space Agency (UAESA) and the Emirates Defence Companies Council (EDCC) signed a Memorandum of Understanding (MoU) to collaborate on identifying and fostering business opportunities within the aerospace and defense sectors. The MoU was signed on the margins of the ‘Make it in the Emirates’ Forum, currently underway in Abu Dhabi. It was signed by …

ABU DHABI/ WAM Abu Dhabi Securities Exchange (ADX) welcomed the listing of the Chimera S&P Japan UCITS ETF. This marks the first ETF tracking Japanese equities to be launched on ADX. Managed by Abu Dhabi-based investment management firm Lunate Capital LTD, the ETF replicates the performance of the S&P Japan BMI Liquid 35/20 Capped Index. The ETF tracks the 30 …

TOKYO / WAM US Treasury yields pushed to a near four-week peak on Wednesday, lifting their Asia-Pacific counterparts and the dollar while pressuring equities, as data sowed new doubts about the timing and extent of Federal Reserve rate cuts, Reuters reported. Crude oil rose for a fourth day to reach a four-week high. Benchmark US 10-year yields ticked up as …