Bloomberg ING Groep NV reported second-quarter profit that beat analyst estimates after freeing up provisions for its shrinking business in Russia. Net income of 1.18 billion euros ($1.2 billion) in the three months through June compared with expectations for profit of 1.07 billion euros. , according to a statement by the Dutch lender on Thursday. Loan loss provisions of ...

  Bloomberg Stocks in Europe retreated on Monday along with US equity futures as the Federal Reserve’s commitment to tighter monetary settings and worries about the effect on economic growth weigh on investor sentiment. Futures on the S&P 500 and Nasdaq 100 fall more than 1% each. The 10-year Treasury yield was little changed while two-year yields rise about five ...

Bloomberg The fastest rebound in Indian stocks in nearly two decades has some investors wondering whether the foreign-buying powered momentum can continue amid global volatility. The NSE Nifty 50 Index has surged more than 14% from a mid-June low as overseas investors turned buyers after months of withdrawals. That drove the benchmark from levels described by traders as oversold to ...

  Bloomberg Oil falls for the week as lingering concerns over a global economic slowdown overshadowed signs of improving US demand. West Texas Intermediate futures edged higher in a choppy session but not enough to erase steep losses earlier in the week. Traders reported some pre-weekend liquidation with uncertainty around Iran’s supplies as the European Union (EU) and the US ...

  Abu Dhabi / WAM In line with UAE efforts to strengthen relations with the Islamic Republic of Iran, and as part of a previous decision to increase diplomatic representation to the rank of ambassador, and the recent phone call in this regard, held in July 26, between HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and ...

  Abu Dhabi / WAM The data of the Egyptian Central Agency for Public Mobilisation and Statistics (Capmas) revealed that value of Emirati investments in Egypt increased to AED6.98 billion during the first half of the 2021-2022 fiscal year, compared to AED2.617 billion during the same period of the fiscal year 2020-2021, an increase of 169.1 percent. In a statement ...

  Dubai / WAM The 8th World Green Economy Summit (WGES), to be held in Dubai, will focus on developing investment partnerships in green projects and financing. It will promote investment and employment opportunities provided by the green economy. During the summit, several local and global high-profile participants, including heads of states and governments, as well as prominent global speakers, ...

Dubai / WAM Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), announced that RTA had achieved the targeted energy efficiency performance indicators 2021 and reduced total energy consumption in all operations and projects by 18%, when compared with average consumption from 2016 to 2019. It also managed to reduce ...

  Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) was the leading Arab financial market in terms of performance last week, as its index surged by 3.6%, and its market value by 3.03%, according to the Arab Monetary Fund (AMF). In its weekly bulletin on Arab capital markets’ performance, the AMF noted that the market value of Arab ...

AL ALAMEIN, Egypt / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has arrived in Al Alamein City on a fraternal visit to the Arab Republic of Egypt. Upon his arrival at Al Alamein International Airport, President His Highness Sheikh Mohamed bin Zayed was received by President of Egypt, Abdel Fattah el-Sisi. While welcoming President HH Sheikh Mohamed ...