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Stocks, US futures rise as bond selloff abates

  Bloomberg Stocks and the US index futures rise on Wednesday and a selloff in sovereign bonds paused, bringing some relief for markets whipsawed in recent weeks by concerns about tightening monetary policy. The Stoxx Europe 600 index rises more than 1% as technology shares bounced back and a raft of generally positive earnings reports lifted sentiment. Adyen NV jumped ...

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Aldar awards over AED8.5b worth of contracts in 2021

  Abu Dhabi / WAM Aldar Properties (Aldar) announced on Tuesday, that contracts awarded across its development projects in 2021 reached more than AED8.5 billion. The volume and value of work undertaken by Aldar in 2021 highlights an economic rebound in Abu Dhabi following the impact of the pandemic in 2020 and a boost to the emirate as a destination ...

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US to help UAE improve air defence system

Abu Dhabi / WAM The UAE’s air defence system has been very effective to thwart recent missile attacks on the country; still, the United States will work with the UAE to further improve the system, a top US military commander told the Emirates News Agency (WAM). General Kenneth F McKenzie, Commander of the US Central Command (Centcom), added in an ...

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