Bloomberg Stocks and US equity futures slid on Tuesday amid escalating US-China tension over Taiwan and deepening worries about a global economic slowdown, driving investors into the safety of government bonds. The Stoxx Europe 600 falls 0.6%, with energy among the few industries bucking the trend after BP Plc hiked its dividend and accelerated share buybacks to the fastest pace ...

Bloomberg Investors may be getting overconfident in betting the Federal Reserve may cut interest rates sooner to bolster a flagging US economy, according to Goldman Sachs Group Inc. strategists. “Looking at the re-pricing of cyclical assets in the US and EU, we think the market might have been too complacent too soon in fading recession risks on expectations of a ...

  ABU DHABI / WAM The United Arab Emirates, represented by the Ministry of Finance (MoF) as the issuer, in collaboration with the central bank of the UAE (CBUAE) as the issuing and paying agent, has announced the results of the third auction of the Treasury Bonds programme (T-Bonds), which is part of the AED9 billion T-Bond issuance programme for ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Monday received a phone call from Nicolae Ciucă, Prime Minister of Romania, during which they discussed cooperation relations between the UAE and Romania, and ways of enhancing and developing them in various fields.They also explored joint cooperation, especially in economic, investment and developmental fields, to ...

  Abu Dhabi / WAM The central bank of the UAE (CBUAE) has announced that the gross banks’ assets, including bankers’ acceptances, rose to AED3,442.7 billion at the end of May 2022, an increase of 2.9%, compared to AED3,344.8 billion at the end of April 2022. In its report on the monetary & banking developments for May 2022, CBUAE clarified ...

  ABU DHABI / WAM Chimera Capital, an Abu-Dhabi-based investment management firm and subsidiary of Chimera Investment, announced on Monday the launch of the Chimera S&P Turkey Shariah ETF (Bloomberg: CHTRSHIN). The fund is a physical, in-kind, liquid and fully fungible exchange-traded fund (ETF), and will track the performance of Turkey-listed, Shariah-compliant securities. The Chimera S&P Turkey Shariah ETF, the ...

Dubai / WAM Brokerage companies in the Dubai Financial Market (DFM) added 20,552 new investor accounts in the first seven months of 2022. The market also witnessed significant momentum since the announcement of the listing of 10 governmental and semi-governmental companies, including the Dubai Electricity and Water Company (Dewa), the Tecom group, and Union Coop. The number of new accounts in ...

  Abu Dhabi / WAM The Abu Dhabi Health Services Company (Seha) announces release of updated Seha Visa Screening app with a range of new features. The newly launched update, available for iOS and Android phones, includes an appointment booking feature for companies and groups, in addition to online payment through Apple Pay and Samsung Pay. To ease registration, the ...

  ABU DHABI / WAM Chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the UAE cabinet approved the formation of the “Higher Committee for Government Digital Transformation”, chaired by Ohood Khalfan Al Roumi, Minister of State for Government Development and The Future. Omar bin Sultan Al ...

Dubai / WAM Brokerage companies in the Dubai Financial Market added 20,552 new investor accounts in the first seven months of 2022. The market also witnessed significant momentum since the announcement of the listing of 10 governmental and semi-governmental companies, including the Dubai Electricity and Water Company (Dewa), the Tecom group, and Union Coop. The number of new accounts in ...