BLOOMBERG European stocks fluctuated after their slump as investors awaited further clues on the path of interest rates from the US Federal Reserve. The pound strengthened as UK inflation topped expectations. Europe’s Stoxx 600 benchmark rose 0.2% after declining as much as 0.4% earlier. US futures pointed to gains at the open. Government bonds in the US and Europe traded ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received at Qasr Al Bahr Majlis the team overseeing the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28). During the meeting, His Highness Sheikh Mohamed bin Zayed affirmed that sustainability remains at the heart of the UAE’s support for global ...

CAIRO-ABU DHABI / WAM Al Dahra, a global agribusiness leader based in Abu Dhabi, and Abu Dhabi Exports Office (Adex), have partnered to supply wheat to Egypt in a five year deal starting 2023. The five-year agreement, worth $100 million per year, will provide Egypt with a steady supply of high-quality imported milling wheat.“This agreement solidifies our commitment in establishing ...

  ABU DHABI / WAM The inaugural Abu Dhabi Global Healthcare Week will take place from May 13-15, 2024, at Abu Dhabi National Exhibition Centre. To be held under the patronage of HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, the event will be organised by the ...

DUBAI / WAM Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has revealed that it received a total of 75 mediation cases during H1 2023. Mutually agreeable settlements were achieved in 35 of these cases, representing a success rate of 46.7% and highlighting mediation as one of the most effective means of settling trade disputes ...

DUBAI / WAM Yalla Group Limited on Tuesday announced its unaudited financial results for the first half of the fiscal year 2023, ending on June 30. According to the financial results, Yalla’s H1 revenues have broken the AED561 million mark ($152.8 million), an increase of 2.9% compared to the first half of last year. Likewise, the H1 net income exhibited ...

FUJAIRAH / WAM A delegation from the Ministry of Industry and Advanced Technology (MoIAT), led by Omar Al Suwaidi, Undersecretary of MoIAT, visited Fujairah Free Zone to gain insights into industrial projects, promote the adoption of sustainability practices and advanced technology, and explore ways of enhancing enablers, incentives and investment attractiveness in the business ecosystem. The visit is in line ...

ABU DHABI / WAM AD Ports Group on Tuesday announced its financial results for the second quarter of 2023 (Q2’23), reporting revenue growth of 66 percent year-on-year (YoY) to AED 2.1 billion, driven by volume growth in key sectors, business diversification as well as local, regional, and international expansion both organically and through M&A. Revenue growth reached 44 percent YoY ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to Indian President Droupadi Murmu on the occasion of her country’s Independence Day, which is celebrated on August 15. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His ...

DUBAI / WAM To mark International Youth Day, Dubai Airports has raised nearly AED950,000 in support of the ‘Passport to Earning’ (P2E) programme that was launched in partnership with Dubai Cares, Microsoft, Accenture and UNICEF at the RewirEd Summit during Expo 2020 Dubai. Operated by Generation Unlimited, a global multi-sector partnership that enables youth to become productive and engaged members ...