Bloomberg The world’s largest provider of exchange-traded funds is bracing for a record year of trading in its flagship European credit fund as uncertainty about the timing and severity of central bank tightening pushes investors into more liquid instruments. BlackRock’s iShares euro corporate bond fund has already seen a daily average of more than 300 million euros ($341 million) ...

  Bloomberg Jes Staley departed Barclays Plc under a cloud because of an ongoing probe into his relationship with deceased offender Jeffrey Epstein. But his strategy for the British lender — to champion its investment bank — is set to outlast him. As his replacement as chief executive officer, CS Venkatakrishnan, prepares his maiden quarterly earnings presentation this week, Staley’s ...

  Bloomberg Stocks decline with US futures on Tuesday on intensifying tension between the West and Russia over Ukraine, a standoff that’s causing energy prices to soar and leading investors to seek havens among sovereign bonds. The Stoxx 600 Index pared a loss of as much as 1.8% at the open to trade 0.7% lower. US contracts pointed to declines ...

  Bloomberg Chinese technology stocks dropped for a third straight session amid fresh worries over Beijing’s regulatory plans for the sector. The Hang Seng Tech Index falls 1.9% on Tuesday to the lowest close since its inception in 2020. Alibaba Group Holding Ltd. was among the biggest losers following a Bloomberg report that authorities have begun another round of checks ...

  Abu Dhabi / WAM ADX’s market liquidity jumps five-fold in 2021 amid IPO boom. Traded values (buy + sell) on the exchange increased 407 percent from AED145 billion in 2020 to AED739 billion in 2021, driven by higher levels of domestic and international investment. Local investors accounted for 70 percent of the exchange’s traded value, while foreign institutional investors ...

ABU DHABI / WAM Mageed Yahia, United Nations World Food Programme (WFP) Director, UAE office, and Representative for the GCC Region, said the UAE is among the WFP’s leading international donors, noting the country’s key role in providing financial and logistical support, to reach out to needy people around the world. In an exclusive interview with the Emirates News Agency ...

  Abu Dhabi / WAM Yousuf Ali Musaliam, Second Vice Chairman of Abu Dhabi Chamber, has received Dr Ron Malka, Director-General of the Ministry of Economy and Industry of Israel, accompanied by Amir Hayek, Ambassador of Israel to the UAE, and the diplomatic delegation at the chambers tower in Abu Dhabi to discuss boosting economic relations between businesses in Abu ...

  Ajman / WAM Ajman Free Zone reaffirms strong position as investment, business destination with 1,792 new companies in 2021 The Ajman Free Zone (AFZ) announced the results of its operational performance for 2021 and marked an increase in the number of registered companies by 1,792. The four percent growth attained by the AFZ compared to 2020 indicates the growing ...

  Abu Dhabi / WAM Edge, an advanced technology group for defence and beyond, unveiled Scorpio-B – the newest member of its series of unmanned ground vehicles (UGV) – on the first day of Umex 2022 currently underway at the Abu Dhabi National Exhibition Centre (Adnec) until February 23. Designed to support military troops and security forces in the most ...

  Sharjah / WAM Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier (LCC) operator, has been named ‘Airline of the Year’ at the 2022 Air Transport Awards that took place in Athens, Greece with the participation of industry leaders. The winners of the Air Transport Awards were voted for by the readers of Air Transport ...