BLOOMBERG Global stocks were headed for the best week in more than two months, buoyed by bets on Chinese stimulus and exuberance surrounding artificial intelligence firms. The MSCI World Index has climbed 3% this week, the most since the end of March. European shares advanced after Asian stocks staged a broad rally on Friday. US futures rose, after the S&P ...

BLOOMBERG Key Indian stock indexes jumped to all-time highs as resilient company earnings and a brighter economic outlook continue to prompt domestic as well as foreign investors to pump more money into the market. The S&P BSE Sensex rose 0.7% to finish at 63,384.58 in Mumbai, while the NSE Nifty 50 Index advanced by a similar measure to 18,826.00. The ...

DUBAI / GULF TIME Get ready for the most electrifying summer experience of the year! The Summerfest Mega Celebration at the 1.5 million square feet – IMG Worlds of Adventure, with six epic zones is going to leave you on the edge of your seat, your heart racing with exhilaration. As an exciting kick-off to Summerfest’s run from June 24th ...

ABU DHABI / GULF TIME Wondering how to spend this long Eid al Adha weekend? Put on your explorer hats and get ready to explore Dinos like never before in OliOli®️’s new temporary exhibition Dino Quest! Make unforgettable memories with the whole family in this thrilling exhibition where kids will discover the history of dinosaurs, create and take home their ...

BLOOMBERG  Deutsche Bank AG expects trading revenue to decline as much as 20% this quarter and it is the first major European investment bank to warn of a significant slowdown. Fixed income trading will drop 15% to 20% compared with the bumper quarter a year earlier, when it rose more than 30%, Chief Financial Officer James von Moltke said on ...

BLOOMBERG  The Philippine central bank plans to require the nation’s largest business groups to disclose their foreign-debt levels due to concern their exposure may be bigger than currently estimated. The monetary authority aims to send out requests in the next three to six months as it seeks to head off any potential risk to the Southeast Asian nation’s economy, according ...

DUBAI / WAM The Dubai Supreme Council of Energy (DSCE) organised a workshop to highlight key projects and sustainable energy systems that support the UAE Net Zero by 2050 strategic initiative, the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050. Representatives from the DSCE, the Executive Council, the Carbon Abatement Committee, and the C40 ...

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) has announced that insiders’ trading prohibition period will start on June 16  pending the full disclosure of the second quarter 2023 financial statements. Subject to Article No (14) of SCA Board of Directors’ Decision No. (2/R) of 2001 concerning the regulations as to Trading, Clearing, Settlement, Transfer of Ownership and Custody ...

DUBAI / WAM Dubai Multi Commodities Centre (DMCC) has announced a major 24 perccent year-to-date increase in the number of Chinese companies setting up in its free zone. The announcement comes as DMCC concludes a series of roadshows in China that took place in the commercial and trade hubs of Shanghai, Guangzhou and Chongqing. This was the first physical DMCC ...

DUBAI / WAM Roboday PitchDay, the first-ever robotics-specific pitch competition in the UAE, concluded successfully, unveiling cutting-edge advancements in robotics technology. The event was held in partnership with Dubai Silicon Oasis (DSO), the Special Economic Zone for Knowledge and Innovation and a member of the Dubai Integrated Economic Zones Authority (Diez). The Roboday PitchDay demonstrated Dubai’s commitment to spearheading the ...