BLOOMBERG Treasuries deepened a selloff, driving the 10-year yield to a nine-month high, and equities slumped as investors grew increasingly worried about rising borrowing costs. European stocks fell 0.8% and US equity futures contracts signaled that the S&P 500 will extend on August 2 losses. The dollar strengthened for a fourth day. Bill Ackman, founder and chief executive officer of ...

DUBAI / WAM Tecom Group, the creator of specialised business districts and vibrant communities, on Wednesday announced its financial results for the second quarter (Q2) and the first half of the year (H1) ending on June 30. The group delivered a strong performance driven by sustained high occupancy levels across its diverse, high-quality portfolio, reporting a 6% year-on-year (YoY) increase ...

ABU DHABI / WAM Oman and Etihad Rail Company (OERC) signed a Memorandum of Understanding (MoU) with Jindal Shadeed Iron & Steel (Jindal), a leading integrated steel producer in the GCC, to establish a sustainable end-to-end transport logistics solution between Jindal’s steel complex at Sohar Port and the United Arab Emirates (UAE), via the UAE-Oman Rail Network. As part of ...

AMMAN / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan met on Wednesday with His Majesty King Abdullah II bin Al Hussein of Jordan to review bilateral ties and explore opportunities to further strengthen the longstanding partnership between the two nations.The two leaders also discussed a number of regional and international developments. The meeting took place at ...

ABU DHABI / WAM The UAE dispatched a ship carrying 250 tonnes of relief aid to support those affected by the crisis in Ukraine, as part of its ongoing humanitarian efforts to ease the suffering of Ukrainians. The aid shipment, which includes personal supplies, lighting equipment and blankets, will arrive in Poland and Romania by sea before being transported into ...

ABU DHABI / WAM   The COP28 Presidency and  the United Nations Framework Convention on Climate Change (UNFCCC) have officially signed the Host Country Agreement, strengthening their joint commitment to inclusivity and transparency at COP28 that fosters solidarity and transformative progress across the climate agenda. The agreement was signed by Dr Sultan bin Ahmed Al Jaber, Minister of Industry and ...

ABU DHABI / WAM His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, has met with ExxonMobil Chairman and Chief Executive Officer Darren Woods in Abu Dhabi. During the meeting, His Highness and Woods discussed existing partnerships in the energy sector, as well as new opportunities for ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a written letter to President Ram Chandra Poudel of Nepal, which included an invitation to the 28th Conference of the Parties to the UN Framework Convention on Climate Change (COP28), which will be held in Expo City Dubai this November. The letter was delivered ...

ABU DHABI / WAM Mohamed bin Zayed University for Humanities has seen a remarkable influx of students from 30 different countries pursuing bachelor’s, master’s, and doctoral degrees across a diverse range of academic programmes offered at the university. The growing number of foreign students underscores its continuous growth and strong international reputation for delivering distinguished academic programmes in Humanities, Social ...

ABU DHABI / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, attended the reception held by Abdelilah Oudadas, Chargé d’Affaires of the Moroccan Embassy in the UAE, on the occasion of the 24th anniversary of King Mohammed VI of Morocco ascension to the throne. The event, which took place at Bab Al Qasr Hotel in Abu ...