Bloomberg Treasuries joined a rally in global bonds and the pound slid against its major peers as the Bank of England cut its key rate for the first time in more than seven years. U.S. stocks and the dollar traded in tight ranges as investors awaited Friday’s job report. Sovereign debt from the UK to Germany and American advanced ...

  DUBAI / Reuters A recovery in oil prices and global equities helped lift stock markets in the Gulf slightly in early trade on Thursday after a weak performance in the region earlier this week. Dubai’s main index was up 0.4 percent as large and mid-cap stocks outperformed, with Emaar Properties climbing 1.2 percent. In Abu Dhabi the index was ...

  Dubai / WAM A delegation from the Dubai Supreme Council of Energy and the Road and Transport Authority (RTA) visited the Los Angeles Bureau of Street Lighting in the US as part of a series of mutual visits aimed to enhance cooperation and become acquainted with the best international practices. The delegates included Faisal Ali Rashid, Director of Demand Side ...

  Dubai / WAM Under the umbrella of the United Nations Development Group’s UNDAF Design Innovation Facility, the UNCT along with the UNDP programme team, recently organised a two-day Social Innovation Camp under the theme, “Tackling Youth Unemployment and Encouraging Youth Entrepreneurship in the UAE”. This event was hosted by the University of Wollongong in Dubai and served as a launch ...

  Dubai / WAM The UAE General Civil Aviation Authority (GCAA) said that an international investigation team led by the Air Accident Investigation Sector (AAIS) of the GCAA, and accredited representatives of the states of manufacture of the aircraft, United States, and the engines, United Kingdom, will probe the cause of the accident of the Emirates Airline Boeing 777-300 aircraft flight ...

  Dubai / Emirates Business RAK Ceramics, one of the world’s largest hi-tech manufacturers of lifestyle ceramics solutions, on Thursday announced its results for the second quarter ended June 30. Despite a slowdown in construction activity in the GCC and the impact of geopolitical uncertainty in some of the regional export markets, RAK Ceramics continued to successfully deliver on its ...

  Abu Dhabi / WAM The Khalifa bin Zayed Al Nahyan Foundation (KF) in cooperation with the Sharjah Chamber of Commerce and Industry and the Ministry of Education, is organising a “Back to School” Exhibition in Ajman. The exhibition will be held under the patronage of H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs and ...

  Dubai / WAM The Ministry of Interior (MoI) on Thursday urged motorists to drive carefully and safely as a result of low visibility formed by dusts and sands, particularly on sides of desert highways that have no windbreaks. In a road warning statement, the ministry advised motorists to remain cautious, reduce speed and leave sufficient distance between vehicles so as to ...

  Dubai / Emirates Business With Dubai’s residents and visitors making the most of the exciting line up of diverse summer experiences, they can look forward to even more exciting shopping options in the fifth week of Dubai Summer Surprises (DSS), the region’s popular summer extravaganza. Organised by the Dubai Festivals and Retail Establishment (DFRE), an agency of the Department ...

  Dubai / WAM The UAE is leading the GCC initiatives in smart building solutions with more than two-thirds of the 1,236 Leadership in Energy & Environmental Design (LEED)-certified projects, according to a study by technology firm Honeywell International. ”It is also the frontrunner in the region in implementing unified building codes for new buildings. Since 2014, the Abu Dhabi International ...