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Stocks slip in cautious mood before interest rate decisions

BLOOMBERG Stocks fell as traders took risk off the table ahead of a raft of policy decisions this week that will reveal how major central banks view progress in the fight against inflation. Societe Generale SA slumped as much as 8.4% and was among the biggest drags on Europe’s Stoxx 600 Index after the French lender’s strategic plan included cuts ...

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Chinese stocks in Hong Kong drop as property woes sour sentiment

BLOOMBERG Chinese stocks listed in Hong Kong began the week with losses as persistent concerns about the health of the property sector offset optimism spurred by signs of stabilisation in some other parts of the economy. The Hang Seng China Enterprises Index slid 1.6% on Monday. On the mainland, the CSI 300 Index fell to its lowest level this year ...

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Fertiglobe, AD Ports sign pact for collaboration in Egypt, UAE

ABU DHABI / WAM Fertiglobe, the strategic partnership between Adnoc and OCI Global, on Monday announced that it has signed a non-binding memorandum of understanding with AD Ports Group to explore logistics and supply chain opportunities for storing and shipping urea and ammonia at ports in Egypt and the UAE. The two companies will explore opportunities to leverage AD Ports ...

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AstraZeneca unveils new sustainable offices in Dubai Science Park

DUBAI / WAM AstraZeneca inaugurated its new sustainable offices in Dubai Science Park, a member of the Tecom Group PJSC. The offices mark a critical milestone along the company’s carbon footprint reduction journey in the UAE. The offices are part of a raft of measures by AstraZeneca to accelerate the transition to sustainable healthcare in the UAE, aligned with the ...

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UAE achieves progress in countering money laundering, terrorist financing in H1: AlZaabi

ABU DHABI / WAM Hamid AlZaabi, Director-General of the Executive Office of Anti-Money Laundering and Counter Terrorism Financing (EO AMLCTF), revealed that the UAE has completed a comprehensive review of AML/CFT progress made in the first half of 2023 which shows significant improvement across the board. In a statement to the Emirates News Agency (WAM), AlZaabi stressed that the review’s ...

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Abdullah bin Zayed participates in GCC foreign ministers coordination meeting in New York

NEW YORK / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, has participated in the GCC foreign ministers coordination meeting held in New York. The meeting was attended by a number of foreign ministers and Jassim Muhammad Al Budaiwi, Secretary-General of the Gulf Cooperation Council (GCC). The meeting discussed ways to enhance cooperation and joint coordination ...

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DHA to launch ‘Elite’ programme for job-seeking citizens

DUBAI / WAM Dubai Health Authority (DHA) will introduce the Elite Programme, a new, innovative way to attract citizens to take up jobs in various sectors and specialisations of the DHA. The innovative method aims to provide citizens with training opportunities at the DHA, across specialised and advanced programmes to develop their personal, scientific, and professional skills and capabilities. They ...

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Abu Dhabi takes centre stage at IPEM Paris 2023

ABU DHABI / WAM Abu Dhabi’s leading entities are participating in IPEM Paris 2023, a premier private capital industry gathering, to reaffirm the UAE capital’s prominence, from September 18-20 at the Westin Vendôme and Jardin des Tuileries in Paris. Abu Dhabi Department of Economic Development (Added), Abu Dhabi Global Market (ADGM), Abu Dhabi Investment Office (Adio), Abu Dhabi Residents Office ...

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UAE leaders congratulate President of Chile on Independence Day

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Gabriel Boric of Chile on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai; and His Highness Sheikh Mansour bin Zayed ...

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