BLOOMBERG Stocks struggled for direction and bonds trimmed a decline as investors kept a close eye on diplomatic efforts to contain the Israel war, including a visit to the region by US President Joe Biden planned for on Wednesday. Europe’s Stoxx 600 Index and futures contracts for US equities kept to narrow ranges as traders prepared for a flurry of …

DUBAI/WAM Masdar City, a ground-breaking sustainable urban community in Abu Dhabi, and Huawei, a leading global provider of information and communications technology infrastructure, have joined forces through a Memorandum of Understanding that will help power the UAE’s journey to net zero. The agreement, signed today at GITEX GLOBAL 2023 by key Masdar City and Huawei leaders, will lead to knowledge-sharing …

DUBAI/ WAM Gulf Navigation Holding (GULFNAV), the Dubai Financial Market listed maritime and shipping company, announced that it made a net profit of AED35 million for M9 2023, compared to AED1.8 million in the year-ago period. In its statement today, the Dubai-based company said that operating revenue for the nine-month reached AED83 million. The statement added that its Q3 2023 …