BLOOMBERG Treasuries deepened a selloff, driving the 10-year yield to a nine-month high, and equities slumped as investors grew increasingly worried about rising borrowing costs. European stocks fell 0.8% and US equity futures contracts signaled that the S&P 500 will extend on August 2 losses. The dollar strengthened for a fourth day. Bill Ackman, founder and chief executive officer of …

DUBAI / WAM Tecom Group, the creator of specialised business districts and vibrant communities, on Wednesday announced its financial results for the second quarter (Q2) and the first half of the year (H1) ending on June 30. The group delivered a strong performance driven by sustained high occupancy levels across its diverse, high-quality portfolio, reporting a 6% year-on-year (YoY) increase …

ABU DHABI / WAM Oman and Etihad Rail Company (OERC) signed a Memorandum of Understanding (MoU) with Jindal Shadeed Iron & Steel (Jindal), a leading integrated steel producer in the GCC, to establish a sustainable end-to-end transport logistics solution between Jindal’s steel complex at Sohar Port and the United Arab Emirates (UAE), via the UAE-Oman Rail Network. As part of …