BLOOMBERG European shares crept higher following three straight loss-making days, after softer US economic data sparked a late bounce on Wall Street and soothed fears of a Federal Reserve interest rate hike next month. Gains were fragile however, with Europe’s Stoxx 600 index edging just 0.1% higher after closing at the lowest in more than six months, while futures for ...

ABU DHABI/ WAM ADNOC has announced new agreements with 30 companies for local manufacturing of critical non-oil products in its supply chain as it accelerates the decarbonisation of its operations. The announcement was made at ADNOC’s 7th annual Business Partnership Forum held at ADIPEC, the world’s largest energy industry gathering taking place in Abu Dhabi. The new agreements, outline the ...

ABU DHABI / WAM The 39th edition of ADIPEC 2023, the world’s largest and most inclusive energy industry event, concluded on Thursday after 4-day thought-provoking discussions, innovative solutions, and groundbreaking partnerships. Held under the theme of “Decarbonising. Faster. Together.”, the event, featured 10 conferences – including a new,hydrogen-focused conference and an expanded strategic decarbonisation conference – that addressed a range ...

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan today received Mohammad Baqer Qalibaf, Speaker of the Iranian Parliament, accompanied by Saqr Ghobash, Speaker of the Federal National Council (FNC). During the meeting at Qasr Al Shati in Abu Dhabi, His Highness welcomed Qalibaf, who conveyed to His Highness the greetings of Dr. Ebrahim Raisi, President of the Islamic ...

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan received Najib Mikati, Prime Minister of the Republic of Lebanon, who arrived earlier today in the UAE. During the meeting at Qasr Al-Shati in Abu Dhabi, His Highness welcomed the Lebanese Prime Minister and expressed his wishes for Lebanon to enjoy stability, security, and prosperity and achieve development that ...

ABU DHAB/ WAM On behalf of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, has inaugurated the UAE Wind Programme during a ceremony on Sir Bani Yas Island. The clean energy project builds on the leadership’s efforts to ...

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan met today with Anwar Ibrahim, Prime Minister of Malaysia, to discuss bilateral ties and explore opportunities for further collaboration that advances the sustainable development ambitions of both nations. During the meeting, which took place at Qasr Al Shati in Abu Dhabi, Ibrahim conveyed to His Highness the greetings ...

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan met with teachers from across the UAE on the occasion of World Teachers’ Day, and commended the vital role they play in nurturing and inspiring young people. His Highness received the delegation at Qasr Al Bahr in Abu Dhabi, and highlighted the importance of teachers in helping future generations ...

BLOOMBERG A retreat in European stocks deepened on Wednesday, sending the benchmark index to the lowest in more than six months as bond yields climbed on worries of higher-for-longer interest rates. The Stoxx 600 was down 0.2% in London, sliding for a third straight session as the yield on 30-year Treasuries hit 5% for the first time since 2007. In ...

BLOOMBERG The selloff in US Treasuries extended into a third straight day, with 30-year yields touching 5% for the first time since 2007 and sending global financial markets into a tailspin. As conviction grew that US interest rates could rise further from current 22-year highs, 10-year Treasury yields also climbed closer to the key 5% threshold. That pushed the MSCI ...