Bloomberg Near the start of December, a mystery over-the-counter trade pulled about $7 billion from Vanguard Group’s S&P 500 exchange-traded fund. It just got it all back and more. The $194 billion Vanguard S&P 500 ETF (ticker VOO) added $8.7bn on a single day this week, about two months after that record withdrawal. Similar to 2020 mega outflow, VOO’s cash ...

ABU DHABI / WAM The United Arab Emirates is at the forefront of the countries advocating women’s rights at the global level through a series of initiatives and programmes aimed at supporting and empowering women in many societies and countries. The UAE tops advanced ranks on many global indicators related to supporting women’s rights and empowerment, as well as its ...

Abu Dhabi / WAM Mohammed Ateeq Al Falahi, Secretary General of the Emirates Red Crescent (ERC), said the charitable foundation has become a “well-known humanitarian and development institution locally, regionally and globally.” He told Emirates News Agency (WAM) that ERC’s relief programmes, which are carried out in 100 countries around the world on an annual basis, have “witnessed a notable ...

Dubai / WAM “NAU by DP World”, a digital marketplace and an aggregator of cargo ‘dhows’, traditional wooden vessels, has achieved a shipping volume of more than 255,000 tonnes in 2020, with 1,762 dhows registered in the application. Launched officially in February 2020, NAU connects Dhow owners with traders allowing them to search, negotiate and book shipments. The platform represents ...

ABU DHABI / WAM HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Prime Minister of Pakistan Imran Khan, reviewed prospects of further growing their bilateral relations across all fronts. This came in a phone call Sheikh Mohamed received on Saturday from the Pakistani leader wherein they ...

Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) announced on Saturday that it is reducing overall trading activity fees on all exchange transactions starting from February 14 as part of its “ADX One” strategy to double the market capitalisation of companies listed on the exchange in the next three years. The new pricing structure will be the second ...

Bloomberg Oil set a fresh one-year high in New York with continued producer supply curbs helping spur strength everywhere from physical markets to the futures curve. Futures gained 1.1% in New York to the highest since late January 2020, while Brent crude remained just under $60 a barrel in London. The number of vessels sailing towards China jumped to a ...

Bloomberg Sinovac Biotech Ltd received regulatory approval from Chinese authorities for its coronavirus vaccine to be used by the general public in the country’s second such authorisation. The conditional approval was announced by the National Medical Products Administration on Saturday. Sinovac earlier said the protective efficacy of its vaccine, CoronaVac, met World Health Organization and China regulatory standards 14 days ...

Dubai / WAM The grand economic vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has led to the creation of thriving technology hubs like Dubai Internet City that have transformed the industry in the region and made Dubai a major global innovation and start-up hotspot, said ...

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP), announced that it conducted 150,706 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Saturday, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary ...