Bloomberg Adani Enterprises Ltd. surged, leading gains in the group’s stocks after the conglomerate’s founders pre-paid some debt and traders covered short positions. The flagship’s stock rallied as much as 25%, while three of its peers jumped by their 5% limit in early trading. That helped trim the slump in the group’s market capitalisation to $112 billion since US-based Hindenburg ...

  Bloomberg Stocks advanced and US equity futures inched higher ahead of commentary due later from Federal Reserve Chair Jerome Powell that may shape views on the central bank’s rate path. Energy shares led gains in Europe after oil major BP Plc boosted shareholder returns and reported record profit. Futures on the S&P 500 and Nasdaq 100 contracts were modestly ...

  Dubai / Gulf Time Marrybrown, one of the leading halal-quick service restaurants in UAE, opened its Dubai International Airport Terminal 1 outlet. Hadi Ebrahim Al Abbas, Chief Communications Officer – Al Abbas Group said that the opening of the outlet is a momentous occasion and a testimony to the patronage that Marrybrown has in this region. “We have been ...

Bloomberg Some of the most powerful Middle East earthquakes in decades killed almost 2,000 people in Turkey and Syria and forced a halt in crude oil flows to a regional export terminal. A pre-dawn earthquake with a magnitude of 7.7 hit the Turkish city of Gaziantep on Monday morning and a second measured at 7.6 struck nearby just nine hours ...

Abu Dhabi / WAM Masdar, one of the world’s fastest-growing renewable energy companies, has pledged to strengthen its support for Azerbaijan’s renewable energy development with the opening of an office in Baku, the capital city. The inauguration event for the office, located in Port Baku Tower, was attended by Mohammed Murad Al Blooshi, UAE ambassador to Azerbaijan; and Javid Abdullayev, ...

Dubai / WAM Investopia, the global investment platform launched by the UAE government, announced a new partnership through signing a MoU with Emirates Development Bank (EDB), one of the key financial engines for the economic development and industrial advancement of the UAE. Abdullah bin Touq Al Marri, Minister of Economy and Chairman of Investopia, witnessed the MoU signing during a ...

  Dubai / WAM DP World Limited handled 79 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the full year 2022, with gross container volumes increasing by 1.4% year-on-year on a reported basis and up 2.8% on a like-for-like basis. On a Q4 2022 basis, DP World handled 19.5 million TEU, up 2.4% on a ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, chaired the UAE cabinet meeting at Qasr Al Watan Abu Dhabi, in the presence of HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance; HH Lt. ...

  Abu Dhabi / WAM UAE-headquartered Burjeel Holdings on Monday announced the signing of a memorandum of understanding to create a joint venture (JV) with Leejam Sports Company, the owner and operator of 155 ‘Fitness Time’ branded fitness centres in Saudi Arabia and the UAE. The MoU, signed at the Ministry of Investment of Saudi Arabia headquarters in Riyadh, will ...

Abu Dhabi / WAM The General Pension and Social Security Authority (GPSSA) has said that insured Emiratis must complete a minimum of one year in their jobs to be entitled to receive their end-of-service payment from the authority. The minimum period for an insured individual to spend at an entity is 11 months and one day, given that the ‘one ...