Bloomberg The Hong Kong dollar is poised for steeper losses as impending Federal Reserve rate hikes exacerbate capital outflows triggered by the deadliest Covid outbreak in the city. The currency extended its drop to the lowest in more than two years and option-implied volatility indicates a 32% probability that it could fall to the weak end of its 7.75-7.85 ...

  ABU DHABI / WAM Abu Dhabi National Insurance Company (Adnic), one of the leading regional multi-line insurance providers for corporates and individuals in the UAE, has launched a new UAE National Training programme ‘Emkanati’, in line with company’s Emiratisation strategy. As part of “Emkanati”, national employees have been selected to undergo a training in Adnic’s business underwriting divisions. The ...

  ABU DHABI / WAM Abu Dhabi National Energy Company (Taqa) on Wednesday announced that it will recommend to its shareholders to approve a special dividend payment of AED2.2 billion (2.00 fils per share) in addition to the final payment of AED1.2 billion (1.10 fils per share). This comes on top of the AED1.9 billion (1.65 fils per share) already ...