BLOOMBERG US stocks futures rallied after strong earnings from Intel Corp, while Asian bonds retreated after Japan surprised investors by loosening its control of market rates. Contracts on the Nasdaq 100 rose as much as 0.8%, with Intel surging 8% in premarket trading as the chipmaker gave a bullish revenue forecast. Advanced Micro Devices Inc and Nvidia Corp added more …
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ABU DHABI / WAM The National Central Cooling Company (Tabreed) released its consolidated financial results for the first six months of 2023, reporting a net profit of AED386.4 million, compared to AED240.4 million during the same period in 2022. In the first half of the year, Tabreed’s revenue increased by 9.4% YoY to AED1.067 billion, from AED975.7 million in H1 …
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ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Dina Boluarte of the Republic of Peru on the occasion of her 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 …
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ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Thursday received condolences on the passing of Sheikh Saeed bin Zayed Al Nahyan from Their Highnesses the Rulers of the Emirates and members of the Federal Supreme Council, in addition to overseas delegations and senior officials. His Highness received condolences from HH Sheikh Hamad bin …
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ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan performed the funeral prayer on Thursday for the late Sheikh Saeed bin Zayed Al Nahyan, at Sheikh Sultan bin Zayed the First Mosque in Abu Dhabi. Also present at the prayer were Their Highnesses the Sheikhs of the Al Nahyan family. The worshippers prayed to God to …
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DUBAI / GULF TIME The Arabian Business Academy held a forum for entrepreneurship and investment in global stock exchanges under the supervision and leadership of the Chairman of the Board of Directors of the Academy, the financial and technical analyst, Mr. Abdul Rahman Al-Asfar, at the Palazzo Versace Hotel in Dubai, in the presence of a large number of dignitaries, …
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ABU DHABI / WAM The UAE has welcomed the start of the United Nations implementation of its plan to unload oil from the tanker FSO Safer off the coast of Yemen in the Red Sea, which posed a major threat to the marine environment, international navigation and global trade. The Ministry of Foreign Affairs (MoFA) commended the international efforts and …
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DUBAI / WAM The Court of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, mourned the late HH Sheikh Saeed bin Zayed Al Nahyan, Abu Dhabi Ruler’s Representative, who passed away on Thursday. The following is the text of the statement: In the name of Allah, the Most Gracious, the Most Merciful.. …
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DUBAI / WAM Dubai Electricity and Water Authority (Dewa) has commissioned 676 11kV distribution substations across Dubai in the first half of 2023. The construction of the substations and jobs related to new customers resulted in a total of 505,684 man-hours, according to the highest standards of quality and efficiency. Saeed Mohammed Al Tayer, MD and CEO of Dewa, said, …
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CHENNAI / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President-Designate and Simon Stiell, Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC), have called upon G20 nations to take a greater leadership role in climate change mitigation and adaptation. With only 125 days to go, the leaders on Thursday …
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