Bloomberg Markets are showing signs of recovery as traders stepped in after a selloff sparked by hawkish minutes from the Federal Reserve. Europe’s Stoxx 600 gained 0.4%, boosted by a rally in shares of Atlantia SpA, the billionaire Benettons’ highway and airport group. Atlantia added 10% in Italian trading after Global Infrastructure Partnersand Brookfield Asset Management Inc said they ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) on Wednesday announced that, following yesterday’s completion of the book building and subscription process for its initial public offering (IPO), it has set the final offer price for its IPO at AED2.48 per share. HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, ...

  Abu Dhabi / WAM The foreign direct investment (FDI) inflows into the UAE recorded a 3.9 percent growth in 2021 compared to 2020 to reach nearly AED 76 billion. As a result, the total FDI balance in the country increased to reach nearly AED 630 billion by the end of 2021, highlighting a 13.7 percent growth over 2020. Over ...

  ALEXANDRIA / WAM The Arab Sea Ports Federation (ASPF) has concluded its 59th meeting, in which the UAE was elected as President of the Federation, represented by Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group. The meeting, which was held at the federation’s headquarters in Alexandria recently, touched upon the progress made since the ...

  Abu Dhabi / WAM Abu Dhabi (SCAD) has announced statistical data that reflects rapid growth in most of Abu Dhabi’s oil and non-oil activities at constant prices in 2021, underscoring the effectiveness of economic policies, the robustness of Abu Dhabi’s local economy and the recovery from the Covid-19 crisis. The results announced by SCAD at constant prices indicate that ...

  Abu Dhabi / WAM Abu Dhabi Airports and Etihad Guest, the award-winning loyalty programme of Etihad Airways, have signed an agreement to launch the “Miles on the Go” product at Abu Dhabi International Airport. Etihad Guest members can now instantly earn and spend Etihad Guest Miles when shopping at participating merchants located at Abu Dhabi International Airport. By simply ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) on Wednesday announced that, following the completion of the book building and subscription process for its initial public offering (IPO), it has set the final offer price for its IPO at AED2.48 per share. HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, ...

  SHARJAH / WAM Sharjah FDI Office (Invest in Sharjah) has announced that the Sharjah Economic Ramadan Majlis (SERM) will return for its eighth edition on April 19 at the House of Wisdom at 21:00 — 23:00, with the theme ‘Emerging Opportunities in Virtual Investments’. To be held in the presence of Sheikha Bodour bint Sultan Al Qasimi, Chairperson of ...

  ALEXANDRIA / WAM The Arab Sea Ports Federation (ASPF) has concluded its 59th meeting, in which the UAE was elected as President of the Federation, represented by Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group. The meeting was attended by representatives of 16 member states in the Federation, along with Dr Ismail Abdel Ghafar, ...

  Dubai / WAM According to a report during Investopia summit, quantum computing technology is advancing rapidly, and is on track to enable solving more complex business problems through enhanced optimisation, machine learning and simulation. This is bringing transformation potential to multiple industries, making it possible to discover new remedies in life sciences, improve wealth management scenarios in financial services, ...