Bloomberg The Tokyo Stock Exchange implemented its biggest revamp in over 60 years on Monday, with a long-awaited but largely symbolic restructuring of its market segments. Earlier hailed as a once-in-a-generation shift, the introduction of the three new sections — Prime, Standard and Growth — was intended to boost Japanese stocks’ appeal and understandability to foreign investors. But the restructuring ...

  Bloomberg Stocks in Europe struggled for traction and US index futures slipped as traders weighed the latest developments in the Ukraine war, with some European governments pushing for stiffer sanctions on Russia amid reports that its troops executed unarmed civilians. The Stoxx Europe 600 index fluctuated at the open, with banks and car makers leading declines. The healthcare sector ...

  Abu Dhabi / WAM The United Arab Emirates has sent a fifth plane carrying 30 metric tonnes of medical and relief supplies to Ukraine. This comes as part of providing urgent relief support to impacted civilians in Ukraine, and is in response to international humanitarian appeal to support those who are displaced in Ukraine and the four million refugees ...

  Abu Dhabi / WAM Emirates Development Bank (EDB) has announced record growth over the past 12 months. The results, which were presented at the first EDB Board meeting of 2022, underline the success of the bank’s new strategy, which was launched in March 2021 to support UAE’s industrial development, accelerate the adoption of advanced technologies, and empower the growth ...

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has ordered the disbursement of AED340 million to recipients of social assistance across the country, on the occasion of the Holy Month of Ramadan. This amount will be disbursed in addition to the ...

  DUBAI / WAM Dubai Customs received a senior Kuwaiti delegation, headed by Abdulkarim Taqi, Director-General, Public Authority for Industry (PAI). Mansoor Al-Malik, Executive-Director for Policies and Legislation Division at Dubai Customs received the Kuwaiti delegation. The meeting was attended by a number of officials from Dubai Customs and Kuwaiti businessmen and traders. Al-Malik briefed the delegation on the latest ...

  Bloomberg At least a hundred companies worldwide have delayed or pulled financing deals worth more than $45 billion since Russia’s invasion of Ukraine. These include initial public offerings, bonds or loans and acquisitions. US equity market deals were the worst hit by global volatility in the first quarter as a crop of firms postponed listings, while Japanese and European ...

Abu Dhabi / WAM The UAE and Israel have signed a memorandum of understanding (MoU) on cooperation in the field of maritime transport, exchange of experiences, and strengthening strategic partnership, as part of the Abraham Accords Peace Agreement. The MoU was signed by Suhail bin Mohammed Al Mazrouei, the UAE Minister of Energy and Infrastructure, and Merav Michaeli, the Israeli ...

  Dubai / WAM Etihad Credit Insurance (ECI), the UAE federal export credit company, held its first board of directors meeting in 2022, chaired by Abdullah bin Touq Al Marri, Minister of Economy and Chairman of the Board, at the company’s branch in Dubai. The meeting discussed key economic performance indicators in 2021, its achievements in accomplishing its targets and ...

  DUBAI / WAM His Highness Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, chaired on Sunday in Dubai a meeting of the interior ministers of the International Security Alliance states, which includes the UAE, France, Italy, the UK, Morocco, Spain, Israel, Senegal, Singapore, Slovakia. The Netherlands also joined the alliance, which ...