Bloomberg Stocks and bonds have been traveling almost in lockstep in recent months, heaping pressure on investors seeking to hedge risk by splitting their portfolios between the two asset classes. The 60-day correlation between the Bloomberg Global Aggregate Bond Index and the MSCI All Country World Index of stocks climbed to the highest level since 2012 this week, according ...

  ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has said that November 30 is a day that strengthens people’s loyalty to the UAE while remembering the heroes who made the ultimate sacrifice for their country. In a statement to mark Commemoration Day, observed on November 30 each year, His Highness spoke of the UAE’s ...

  Abu Dhabi / WAM President HH Sheikh Mohamed bin Zayed Al Nahyan has ordered the release of 1,530 prisoners, ahead of UAE’s 51st National Day. The pardoned prisoners had been sentenced to jail terms for a variety of offenses. His Highness Sheikh Mohamed also pledged to settle the financial obligations of the released prisoners. The President’s pardon gives the ...