Bloomberg The wreckage of a $5 trillion rout in emerging markets is starting to look like a buying opportunity to some intrepid investors. The pain points are all too obvious: Stocks have fallen below their average valuations of the past 17 years. Local-currency bond yields have soared through a range that’s held since the 2008 crisis. Spreads on dollar ...

Bloomberg Even as the S&P 500 narrowly avoided plunging into a bear market, Morgan Stanley strategists say it’s too early to turn optimistic on stocks. “Equity clients are bearish, a necessary condition for a sustainable low, but an insufficient one,” strategists led by Michael Wilson wrote in a note on Monday. “Given the risks to growth are just emerging, it’s ...

  Dubai / WAM The global pandemic, combined with the accelerated adoption of digital technologies, has driven significant shifts in B2B e-commerce and the retail sector in Dubai, leading to the city reinforcing its position as a leading regional and global trading and commercial hub. The shifts are exemplified by a new trading trend that has emerged among companies in ...

  Abu Dhabi / WAM The 31st edition of the Abu Dhabi International Book Fair (Adibf, organised by the Abu Dhabi Arabic Language Centre (ALC), part of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), begins on Monday under the theme ‘Inspire, Innovate, Enrich’. The Fair, running from May 23-29 at the Abu Dhabi National Exhibition ...

  Dubai / WAM The Ministry of Health and Prevention (MoHAP) has stressed that the UAE’s health system is fully prepared to handle the spread of monkeypox, adding it is proactively investigating and closely monitoring any suspect cases. Monkeypox is a viral zoonotic disease that occurs primarily in tropical rainforest areas of Central and West Africa and is occasionally exported ...

Bloomberg India will probably borrow the entire 1 trillion rupees ($12.9 billion) that the government will forgo as revenues due to a cut in gasoline and diesel levies, according to people familiar with the matter. Higher collections from the goods and services tax (GST) as well as personal income taxes will be neutralised by additional spending on food and fertiliser ...

  Agencies China saw a steady increase in its natural gas output in April, official data showed. The country’s natural gas output was 17.7 billion cubic meters in April, up 4.7% from a year ago, according to the National Bureau of Statistics. In the first four months of this year, China reported a total of 74.7 billion cubic meters of ...

  SHARJAH / WAM The Expo Centre Sharjah announced that it has decided to postpone the 3rd edition of the Jewels of Emirates Show due to the country’s 40-day mourning period following the passing of Sheikh Khalifa bin Zayed Al Nahyan. The event, which was originally set for June 2nd to 5th, has been rescheduled to June 30 to July ...

  Abu Dhabi / WAM Saqr Ghobash, Speaker of the Federal National Council, has affirmed that the Palestinian cause has always been at the heart of the foreign policy priorities of the UAE since its establishment, and that the UAE, politically and diplomatically, stood shoulder to shoulder with sisterly countries against all Israeli measures and decisions that have aimed to ...

  Sharjah / WAM HH Sheikha Jawaher bint Mohammed Al Qasimi, wife of the Ruler of Sharjah, and Chairperson of the Supreme Council for Family Affairs (SCFA), has hailed the emirate’s pioneering efforts in safeguarding and protecting the environment in line with national and global sustainable development principles and practices. HH Sheikha Jawaher noted that the ongoing long-term investments in ...