Bloomberg US stock investors are pricing in stronger odds of a recession than are evident from positive macroeconomic indicators, according to Goldman Sachs Group Inc strategists. “A recession is not inevitable,” Goldman strategists led by David Kostin wrote in a note. “Rotations within the US equity market indicate that investors are pricing elevated odds of a downturn compared with ...

  Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc), together with its long-standing partner Borealis AG, on Wednesday announced an intention to float 10 percent of Borouge plc, their petrochemicals joint venture, on the Abu Dhabi Securities Exchange (ADX) through an initial public offering (IPO). The offering is expected to open on May 23, subject to regulatory approvals ...

  ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan received a letter from President MiloÅ¡ Zeman of the Czech Republic regarding the development of relations between the two countries. The letter was delivered to His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, by Jiří Slavík, Ambassador of ...

Abu Dhabi / WAM The Abu Dhabi Department of Economic Development (Added) signed a memorandum of understanding (MoU) with the leading provider of enterprise business software, SAP. As part of the agreement, the parties will explore collaboration opportunities to enhance industry innovation and digital transformation, develop advanced business models, nurture Emirati talent, and foster local digital competencies, particularly through supporting ...

  Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX) has announced that it is facilitating access to the exchange for investors registered on other UAE financial markets. The ADX initiative applies to investors with investor numbers issued by other exchanges licenced by the Securities and Commodities Authority (SCA). The initiative, which promotes increased participation in the country’s capital markets, ...

  Abu Dhabi / WAM The Abu Dhabi Agriculture and Food Safety Authority (Adafsa) signed two Musataha contracts with two local private sector companies to build and operate two farms, one in Al Ain and the other in Abu Dhabi, with a total value of around AED310 million. The first Musataha contract was signed with Emirates Hydroponics Farms to build ...

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan is a well-informed person who knows how to handle the issues across the Middle East, Luxembourg’s head of state told the Emirates News Agency (WAM). “I met him on a few occasions, and I think he is a very well-informed person in the world. He is a ...

  Abu Dhabi / WAM The Abu Dhabi Agriculture and Food Safety Authority (Adafsa) has signed two Musataha contracts with two local private sector companies to build and operate two farms, one in Al Ain and the other in Abu Dhabi, with a total value of around AED310 million. The first Musataha contract was signed with Emirates Hydroponics Farms to ...

  Abu Dhabi / WAM The Abu Dhabi Department of Economic Development (Added) signed a memorandum of understanding (MoU) with the leading provider of enterprise business software, SAP. As part of the agreement, the parties will explore collaboration opportunities to enhance industry innovation and digital transformation, develop advanced business models, nurture Emirati talent, and foster local digital competencies, particularly through ...

  Dubai / WAM Dubai’s Roads and Transport Authority (RTA) is restoring 4 intercity bus services as of May 19, especially with life returning to normal in the wake of the Covid-19 pandemic, and the growing demand for buses across these routes. “The four intercity bus routes to be resumed from Dubai are: E100 from Al Ghubaiba Bus Station to ...