Bloomberg Deutsche Bank made its first hire of a base metals trader as the German lender plots a partial return to the business about a decade after pulling back. Thiebaud Format will join Deutsche Bank in London from BNP Paribas SA, according to people familiar with the matter. He will work on the existing precious metals desk but his ...

Bloomberg November is turning out to be the best month for Asia stocks since early 1990s relative to their global peers. The MSCI Asia Pacific Index jumped 14% this month, set for its biggest jump since 1998, as benchmarks in markets from Hong Kong to the Philippines saw strong gains that cracked records held for at least a decade. The ...

  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 ...

  Abu Dhabi / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has led an Emirati delegation of business, investment, and development leaders, including Mohammed Ali Al Shorafa, Chairman of the Abu Dhabi Department of Economic Development, to Cameroon to explore opportunities and strengthen UAE-Cameroon ties. During the visit, Al Zeyoudi held numerous talks on ...

  Abu Dhabi / WAM An imminent paradigm shift in the digital world with declining dominance of big players is likely to occur, as it happened in the evolution of global climate discourse, according to a top media expert. It will be like how climatologists and climate activists influenced global climate discourse that compelled the bigger nations to comply with ...

  Abu Dhabi / Gulf Time The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) and Miral, Abu Dhabi’s leading creator of immersive destinations and experiences, announced 25% construction completion of the immersive, multi-sensory attraction teamLab Phenomena Abu Dhabi, located in the Saadiyat Cultural District. A partnership with teamLab, the globally acclaimed, interdisciplinary Tokyo-based art collective, teamLab ...

Dubai / WAM Dubai real estate market recorded 277 sales transactions worth AED686.28 million, in addition 90 mortgage deals of AED274.88 million, and six gift deals amounting to AED28.06 million on Tuesday, data released by the Dubai’s Land Department (DLD) showed. The sales included 252 villas and apartments worth AED513.6 million, and 25 land plots worth AED172.68 million, while mortgages ...

Abu Dhabi / WAM HH Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of Etihad Rail, witnessed the signing of the terms sheet for a strategic partnership for sustainable transportation between Etihad Rail, the developer of the UAE Railway Network, and Borouge, a leading petrochemical company that provides innovative and differentiated polyolefin solutions, to transport 1.3 million tons of ...