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Stocks slip before Fed Chair Powell’s speech; M&S rallies

BLOOMBERG Stocks edged lower as investors awaited clues on the path of interest rates from a raft of central bank officials including Federal Reserve Chair Jerome Powell.  Europe’s Stoxx 600 fell 0.1% and US equity futures traded little changed. The 10-year Treasury yields climbed by three basis points to 4.6%. West Texas Intermediate held at $77, near a three-year low. ...

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UAE sends further five planes carrying equipment for Gaza field hospital

ABU DHAB/ WAM The UAE has sent a further five planes carrying supplies and equipment to support the construction of a field hospital in the Gaza Strip, bringing to 16 the total number of aircraft sent as part of the UAE’s Gallant Knight 3 humanitarian operation. The cargo of these planes will be unloaded in the Egyptian city of El ...

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ADIB successfully issues $500 million green senior sukuk marking world’s first ever green USD sukuk issued by a financial institution

ABU DHABI/ WAM Abu Dhabi Islamic Bank (ADIB), a leading financial institution, announced today that it has successfully raised USD 500 million via a green Sukuk offering, marking the world’s first ever green USD sukuk issued by a financial institution. ADIB, which is rated A2 by Moody’s and A+ by Fitch, in each case with a stable outlook, priced the ...

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