BLOOMBERG Stocks slumped with US equity futures as policy tightening fears from the US to Norway to the UK hobbled the market’s bull run. All industry subsectors fell into the red in Europe, where the region’s main equity gauge fell 1%, extending declines to a fourth day. Contracts for the S&P 500 and Nasdaq 100 pointed lower following a selloff …

DUBAI / WAM In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued Decree No (27) of 2023 on the promotion and retirement of local military personnel in Dubai. The Decree seeks to ensure transparency, fairness and merit-based promotions in the military. His Highness also …

ABU DHABI / WAM Abu Dhabi National Energy Company (Taqa) announced on Wednesday that it has entered into a definitive agreement to acquire Sustainable Water Solutions Holding Company (SWS Holding). Under the terms of the agreement, Taqa will acquire all outstanding shares of SWS Holding for AED1.7bn, with 50% of the consideration to be paid upon completion and the remaining …