ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of condolence to Emir of Kuwait His Highness Sheikh Nawaf Al Ahmad Al Jaber Al Sabah on the death of Sheikh Mubarak Jaber Al Mubarak Al Sabah. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, ...

DUBAI / GULF TIME With the completion of external construction and the commencement of interior finishing, Ebarza, the leading home furniture and decor brand in the region, has announced the imminent opening of “Ebarza Shopping Center” in Khalifa Industrial City (Kizad), as part of its commitment to its unique philosophy of furniture designs that combine luxury, quality materials, innovative design, ...

BLOOMBERG A veteran Chinese diplomat warned that unless the US fundamentally changes its attitude towards the nation, there’s no point in talks on ways to safeguard the relationship. “China-US relations are very much strained,” said Xu Bu, head of the China Institute of International Studies, a think tank affiliated with the country’s foreign ministry. “One of the most important causes ...

BLOOMBERG Russian security services have stepped up attempts to recruit Ukrainian refugees traveling to Estonia, the Baltic nation’s counterintelligence agency said in an annual report. The EU country bordering Russia provided refugee status to 45,000 Ukrainians fleeing Russia’s invasion. It’s one of the biggest influxes seen by any country on a per-capita basis, with many of the displaced Ukrainians arriving ...

BLOOMBERG Brazil President Luiz Inacio Lula da Silva arrives in China as President Xi Jinping seeks to build momentum for talks to halt fighting in Ukraine more than a year after Russia’s invasion. Lula’s trip to Shanghai and Beijing comes as Xi embarks on a round of diplomacy in the weeks after visiting Moscow, where he strengthened political ties with ...

BLOOMBERG A Korean EV battery stock that is the top performer on the country’s small-cap index this year just got its first sell rating, sounding a note of caution for retail investors who have been piling into the sector’s shares. Ecopro Co, the holding company of battery materials supplier Ecopro BM Co, slumped almost 17%, the most intraday since January ...

BLOOMBERG The largest US banks are about to reveal how they fared as customer deposits came under siege in the first quarter. Deposits at JPMorgan Chase & Co, Wells Fargo & Co and Bank of America Corp are expected to have tumbled $521 billion from a year earlier, the biggest drop in a decade, according to analysts’ estimates. The decline ...

BLOOMBERG US equity futures steadied as investors awaited US inflation data that may shed light on the Federal Reserve’s next policy move. Contracts on the S&P 500 erased a small gain to trade flat before the widely-watched report that could stoke fresh volatility. Treasury two-year yields rose, holding above 4%, while the dollar was broadly lower. US headline inflation is ...

ABU DHABI / WAM The Ministry of Economy and Cisco have launched a digitisation initiative as part of the “Entrepreneurial Nation 2.0” programme, aimed at boosting the growth of small and medium enterprises (SMEs) in the UAE. The ‘Scale Up track’ of the initiative offers SMEs the opportunity to participate in the “Cisco Product Innovation Lab” and benefit from Cisco’s ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan sent a letter to President Othman Ghazali of Comoros, which included an invitation to COP28, which will be held in Dubai Expo City this November. The letter was delivered by Saeed Al Maqbali, UAE ambassador to the Comoros.