Bloomberg Indonesian stocks inched closer to a technical correction on Tuesday as investors looked to cash out from one of Asia’s hottest markets for 2022 in search of cheaper valuations elsewhere. The Jakarta Composite Index closed 1% lower, trimming intraday declines that saw it slide more than 10% from a record notched on September 13. Financial and health-care stocks ...

  Dubai / WAM Emirates Global Aluminium (EGA) on Monday announced that the company recruited more than 220 UAE nationals in 2022, including 100 women. The average age of EGA’s new UAE national recruits was 23 years old. While EGA recruits mid-career experts, the company focuses on attracting and developing young people who are starting their careers as talent for ...

  Bloomberg Oil rallied at the start of the week on hopes of renewed Chinese crude buying and as the dollar extended its decline. West Texas Intermediate futures surged as much as 3.8% to move above $76 a barrel on Monday. China issued a fresh batch of crude oil import quotas in a sign that the world’s largest purchaser may ...

  New Delhi / WAM The UAE-India Comprehensive Economic Partnership Agreement (CEPA) helped achieve an increase in India’s gem and jewellery exports in this financial year by 8.26 percent, according to Vipul Shah, Chairman of the Gem and Jewellery Export Promotion Council (GJEPC) in India. “The Ministry of Commerce and Industry in New Delhi operationalised the CEPA with the UAE ...

  Abu Dhabi / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued a Federal Decree appointing Saif Sultan Al Aryani as Advisor at the Presidential Court with the rank of minister. The Decree shall be effective from the date of issuance and shall be published in the Official Gazette. His Highness Sheikh Mohamed bin Zayed ...

Abu Dhabi / WAM Gross banks’ assets, including bankers’ acceptances, rose by 0.9%, from AED3.583 trillion at the end of September 2022 to AED3.615 trillion at the end of October 2022, according to the central bank of the UAE (CBUAE). In its report on the monetary and banking developments in October 2022, the bank said that gross credit grew by ...

  Abu Dhabi / Gulf Time Etihad Airways, the award-winning national airline of the UAE, is continuing its global recruitment campaign, seeking talented people who love to explore the world while delivering world-renowned customer service. As travel demand surges, Etihad continues to grow and will be hiring candidates across cities worldwide throughout January. Etihad has a diverse cabin crew team ...

  Dubai / WAM Emirates Global Aluminium (EGA) on Monday announced that the company recruited more than 220 UAE nationals in 2022, including 100 women. The average age of EGA’s new UAE national recruits was 23 years old. While EGA recruits mid-career experts, the company focuses on attracting and developing young people who are starting their careers as talent for ...

  Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), the international financial centre of the UAE’s capital, starts 2023 by announcing the return of its Abu Dhabi Sustainable Finance Forum (ADSFF) on January 19 as part of Abu Dhabi Sustainability Week (ADSW). This fifth edition of ADSFF will gather top global investors, government leaders, regulators and financial institutions to ...

  Dubai / Gulf Time Carter & White –a locally based ultra-premium clothing brand famed for its quality, tailoring and comfort – announces expansion by opening its new boutique in Dubai Duty Free. Carter & White is the first truly luxury designer brand from Dubai and the first Middle Eastern clothing brand to exhibit in Cannes yachting Festival. With the ...