Bloomberg The dollar held just off nine-month lows against the euro and a group of other currencies, after a slew of Federal Reserve officials laid out the case for a downshift in the US central bank’s rate-tightening campaign, while concerns about a potential economic downturn weighed on equities. Investors are increasingly contrasting the US picture with a relatively rosier ...

  Bloomberg The pause in the stock market’s strong start to 2023 underscores the main question vexing much of Wall Street: When will it be safe to start buying again? Yes, markets have grown increasingly confident that the slowdown in inflation will allow the Federal Reserve to soon end the cycle of aggressive interest-rate hikes that last year drove the ...

Dubai / WAM Hessa bint Essa Buhumaid, Minister of Community Development, revealed that the total amounts disbursed for marriage grants last year reached AED199,080,000, reaching 2,844 beneficiaries across the UAE compared to 2,727 beneficiaries during 2021. Buhumaid said that the marriage grants by the Ministry of Community Development (MoCD) align with the leadership’s keenness and government support to Emirati youth ...

  Abu Dhabi / WAM The Union of OIC News Agencies (UNA) has condemned the burning of the Holy Quran by extremists, which took place on in front of the Turkish embassy in Stockholm, Sweden. UNA urged the Swedish authorities to take necessary measures against the perpetrators of this hate crime and called for increased international efforts to prevent the ...

  Dubai / WAM HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and Chairman of the Higher Committee for the Development of Financial Markets and Exchanges in Dubai, on Sunday said that the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of ...

Dubai / WAM Business events are poised to make a vital contribution to Dubai’s economic development and tourism growth, with another exceptional year of successful bids for international conferences, congresses, meetings and incentive travel programmes. Dubai Business Events (DBE), the city’s official convention bureau, part of the Department of Economy and Tourism, said it won 232 bids for business events ...

  Dubai / WAM Dubai’s Roads and Transport Authority (RTA) opened on Sunday, Sheikh Zayed bin Hamdan Al Nahyan Street Improvement Project extending 3 km from the intersection with the Dubai-Al Ain Road up to the Academic City Roundabout. RTA also opened two 120-metre bridges at the intersection of Dubai Silicon Oasis, comprised four lanes in each direction. These improvements ...

Abu Dhabi / WAM 2022 was another stellar year for Strata, the advanced manufacturing and aerospace manufacturing firm based in their state-of-the-art facility in Al Ain, throughout which the Mubadala company established itself as a transformative company capable of shaping the future of manufacturing in the UAE. Reaching the significant milestone of thirty production lines in 2022 was merely the ...

  Dubai / WAM Business events are poised to make a vital contribution to Dubai’s economic development and tourism growth, with another exceptional year of successful bids for international conferences, congresses, meetings and incentive travel programmes. Dubai Business Events (DBE), the city’s official convention bureau, part of the Department of Economy and Tourism, said it won 232 bids for business ...

Abu Dhabi / WAM The central bank of the UAE (CBUAE) and the Egyptian Banking Institute (EBI) which is under the central bank of Egypt, discussed ways to promote cooperation in the field of training and building human capital capabilities relevant to the financial sector. This came during a meeting between Ehab Alameri, Chief Human Resources Officer at the CBUAE, ...