ABU DHABI / WAM The annual Global Media Congress (GMC) in Abu Dhabi serves as a crucial platform for fostering international media collaboration and knowledge exchange, showing the importance that the UAE attaches to creating platforms of expression in a wide area of fields, a top Greek diplomat told the Emirates News Agency (WAM). Antonis Alexandridis, the ambassador of Hellenic ...

ABU DHABI / WAM Khalifa University of Science and Technology and the Federal Authority for Nuclear Regulation (FANR) announced the UAE’s first Master of Science Programme in Medical Physics to train a cadre of medical physicists to contribute to the robust radiation protection infrastructure in the country. The programme will also strengthen their competencies and skills, combined with a planned ...

ABU DHABI / WAM Abu Dhabi Islamic Bank (Adib) announced the launch of its new product, ‘Istikrar’, the UAE’s first long-term, fixed-rate home finance. This product offers customers a consistent, fixed monthly installment throughout the chosen tenor rate, eliminating any variations or fluctuations. The new offering provides customers with more property financing options amid a high-rate environment. Fixed-term schemes offer ...

ABU DHABI / WAM A delegation from Abu Dhabi’s Department of Municipalities and Transport (DMT) has visited Singapore to enhance cooperation and partnerships between the United Arab Emirates and Singapore. The delegation engaged in meetings with key government officials and stakeholders in urban development and sustainable transport to learn about the latest trends and innovations in municipal work and transportation. ...

BLOOMBERG Luxury and commodity stocks drove European stocks to their first decline in seven days on concerns about China’s sluggish economy. Investors prepared for the latest batch of earnings that’s handed Wall Street banks some of their best results even as other industries are poised to slump. Resources giants Anglo American Plc, Glencore Plc and Rio Tinto Plc dropped after ...

BLOOMBERG It’s too early go long euro-area stocks versus US peers again, according to JPMorgan Chase & Co strategists. “We believe there is another leg of underperformance ahead,” strategists led by Mislav Matejka wrote in a note on Monday, keeping an underweight view on euro-zone equities. The strategists expect further weakness ahead in the region, citing a worsening “growth-policy trade-off” ...

BLOOMBERG  President Xi Jinping has resisted crossing Washington’s red lines over arming Russia’s war machine in Ukraine. But that hasn’t stopped China edging closer to Moscow’s military in another way: direct engagement. China and the armed forces of Vladimir Putin conducted six joint military exercises together last year, the most in data going back two decades. That accounted for two-thirds ...

BLOOMBERG  At least 35 people have died and 10 are missing in flooding and landslides across storm-battered South Korea, with heavy rainfall forecast to continue, Yonhap News Agency reported, citing the Central Disaster and Safety Countermeasures Headquarters. Eight bodies were recovered from a tunnel in the central city of Osong, North Chungcheong Province, where about 15 vehicles, including a bus, ...

BLOOMBERG Pita Limjaroenrat, whose political party won the most seats in Thailand’s general election, should get more chances to secure enough votes from lawmakers and become prime minister, according to an opinion poll. He was backed by more than 60% of the 1,310 participants nationwide in the July 11-12 survey by the National Institute of Development Administration (NIDA) to be ...

BLOOMBERG The leader of the UK’s political opposition promised his party would avoid large government spending increases to ensure economic stability. In an article in the Observer newspaper, Labour Party leader Keir Starmer wrote that, if elected, his government would focus on regulatory changes, including reform to the planning system to increase housebuilding. “If we are to turn things around, ...