Bloomberg Stocks in Europe fall along with US futures and commodities amid ever-louder warnings that Federal Reserve monetary tightening may lead to an economic downturn. The Stoxx Europe 600 Index retreated while contracts on the Nasdaq 100 extended declines to 2% and those on the S&P 500 also dropped, pointing to a reversal from Monday’s bounce in the main ...

  Bloomberg Bitcoin resumed a fall on Wednesday, moving in tandem with weakening stocks amid mounting concerns about a global recession. The largest cryptocurrency declined as much as 4.3% to $19,947, and was holding right around the key $20,000 level as of 9:08 am in London. Ether falls by a maximum 5% to $1,066.02. Shiba Inu, the 14th-biggest cryptocurrency by ...

  Abu Dhabi / WAM Mohamed Ali Al Shorafa Al Hammadi, Chairman of the Abu Dhabi Department of Economic Development, announced that Abu Dhabi will launch a new industrial strategy in two weeks, which will include four strategic pillars. In his statement to the Emirates News Agency (WAM) on the sidelines of the “Make it in the Emirates” forum held ...

  ABU DHABI / WAM One Million Arab Coders (OMAC) initiative, since its launch in 2017 and over four years, has equipped more than one million Arab youth with digital skills, in partnership with Udacity – a global digital educational platform specialising in providing digital courses in artificial intelligence, machine learning, data science, cloud computing, and other disciplines. The initiative ...

  Abu Dhabi / WAM Tawazun Economic Council (Tawazun) – the UAE defence and security acquisitions authority for the UAE Armed Forces, Abu Dhabi Police and national security agencies – injects, through its Tawazun Economic Programme, AED2 billion annually as an added value to the national economy, said Tareq Abdulraheem Al Hosani, Chief Executive Officer of Tawazun. Al Hosani made ...

  Abu Dhabi / WAM Abu Dhabi National Energy Company (Taqa), Abu Dhabi National Oil Company (Adnoc) and Mubadala Investment Company have entered into binding agreements for Taqa and Adnoc to purchase stakes in Abu Dhabi Future Energy Company (Masdar) from Mubadala. This is a major milestone towards completing the transaction announced late last year by President His Highness Sheikh ...

  Abu Dhabi / WAM G42 Healthcare, an Abu Dhabi-based leading health tech company and subsidiary of G42, an artificial intelligence and cloud computing company located in Abu Dhabi, signed a letter of intent (LOI) with global biopharmaceutical company, AstraZeneca, in the presence of the Department of Health – Abu Dhabi (DoH), to expand their collaboration into the domains of ...

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) announced on Tuesday it has identified AED70 billion ($19 billion) worth of products in its procurement pipeline that could be manufactured locally. Out of this value, Adnoc signed agreements for local manufacturing opportunities worth AED21 billion ($5.7 billion) with UAE and international companies. The agreements, which were signed at ...

  Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) has announced the offering of future contracts on the FTSE ADX 15 (Fadx 15) Index for trading on its financial derivatives platform. The Futures are the first index derivatives to be listed on ADX as the exchange accelerates efforts to bolster market liquidity and attract more global investors. Fadx ...

  ABU DHABI / WAM G42 Healthcare, an Abu Dhabi-based leading health tech company and subsidiary of G42, an artificial intelligence and cloud computing company located in Abu Dhabi, signed a letter of intent (LOI) with global biopharmaceutical company, AstraZeneca, in the presence of the Department of Health – Abu Dhabi (DoH), to expand their collaboration into the domains of ...