Bloomberg Fed hikes, decades-high inflation and Covid lockdowns in China are only adding to investor bets that Southeast Asia’s stock markets may be one of the best places to park their money right now. Buyers are touting an economic reopening and the region’s attraction as a hedge against higher commodity prices, which is helping the MSCI Asean Index break ...

  Bloomberg Bitcoin is falling towards levels last seen in July 2021, part of a wider retreat in cryptocurrencies amid a global flight from riskier investments. The world’s largest digital token dropped as much as 2.7% on Monday and was trading at $33,568 as of 8:44 am in London. The second biggest, Ether, shed as much 4.6%. Most of the ...

  Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, revealed that Dubai has achieved the top ranking globally in attracting foreign direct investment (FDI) in 2021, with a record number of 418 greenfield FDI projects. HH Sheikh Hamdan expressed his gratitude to His Highness Sheikh ...

  Abu Dhabi / WAM His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, and Chairman of Emirates Red Crescent (ERC), stated that UAE is today one of the world’s key donors and supporters of the International Red Cross and Red Crescent Movement. “The UAE has become a regional center for support, supply and logistics ...

Dubai / Gulf Time flydubai, the Dubai-based airline, has recorded an exceptional performance in the first quarter of 2022, building on the momentum from the tremendous performance in 2021. The carrier’s growing network and added capacity on its existing routes have been supported by new aircraft deliveries since the start of the year. Ghaith Al Ghaith, Chief Executive Officer at ...

  DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) has endorsed a plan to construct dedicated bus and taxi lanes extending 37 km during the period 2023-2027. These lanes cover eight main streets mainly Sheikh Khalifa bin Zayed Street, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah Street, 2nd December Street, Amman Street, Al Satwa Road, Al Nahda Street, Omar bin Al-Khattab ...

  Abu Dhabi / WAM The Department of Health – Abu Dhabi (DoH), the healthcare sector regulator in the emirate, is set to showcase Abu Dhabi’s most prominent healthcare services available for medical tourists at the Arabian Travel Market (ATM) 2022. Set to be held from May 9-12, the event will see the DoH highlighting key investment opportunities in the ...

  DUBAI / WAM Dubai Electricity and Water Authority (Dewa) has been awarded the BS 13500 ‘Code of Practice for Effective Governance’ certification and a special award for the sixth consecutive year. This is for its efforts in applying the best good-governance standards within the BSI 13500:2013 and its success in maintaining its position as one of the leading entities ...

  Abu Dhabi / WAM The UAE has strongly condemned the terrorist attack that targeted a water lifting station, east of the Suez Canal in the Arab Republic of Egypt, which resulted in the death and injury of a number of soldiers. In a statement, the Ministry of Foreign Affairs and International Cooperation (MoFAIC) affirmed the UAE’s strong condemnation of ...

Dubai / Gulf Time flydubai, the Dubai-based airline, has recorded an exceptional performance in the first quarter of 2022, building on the momentum from the tremendous performance in 2021. The carrier’s growing network and added capacity on its existing routes have been supported by new aircraft deliveries since the start of the year. Ghaith Al Ghaith, Chief Executive Officer at ...