Bloomberg European equities rose with US futures on Wednesday as investors assessed limited initial Western sanctions against Russia amid the Ukraine standoff. The Stoxx 600 Europe Index and S&P 500 futures both added about 0.8% while contracts on the Nasdaq 100 gained more than 1%. The mood was brighter, when the S&P 500 fell into a technical correction after ...

  Bloomberg Russian markets have taken historic losses this year and the message coming from traders is that more declines may be ahead for the ruble. Options pricing suggests there’s a 50% chance the ruble will sink to a record low against the dollar within the next two months — dipping below levels from 2016 when the economy was mired ...

  Bloomberg Sri Lanka’s stock market trading was halted twice on Wednesday after a gauge of blue-chip shares tumbled more than 8%, highlighting the mounting economic crisis prompted by a shortage of dollars and surging inflation. The benchmark Colombo All Share Index settled 2.7% lower at 11,285.37 after a slide in a measure of the nation’s top 20 stocks by ...

  ABU DHABI / WAM The United Arab Emirates has strongly denounced the terrorist Houthi militia’s attack on King Abdullah bin Abdulaziz Airport in Jizan with a bomb-laden drone, which was intercepted by the Coalition Forces. In a statement issued on Tuesday by the Ministry of Foreign Affairs and International Cooperation (MoFAIC), the UAE affirmed that the thwarted attack on ...

  Abu Dhabi / WAM Singapore-based Princeton Digital Group (PDG) has closed an equity investment from Mubadala Investment Company (Mubadala) as a lead investor for $350 million. Both existing shareholders in PDG, Warburg Pincus and Ontario Teachers’ Pension Plan Board (Ontario Teachers’), also invested in this round, with the total exceeding half a billion dollars. Established in 2017, PDG is ...

DUBAi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, have sent congratulatory messages to the Custodian of ...

  Dubai / WAM The Ministry of Defence announced the signing of three new deals with an overall value of over AED966.25 on the second day of the 5th edition of Umex & SimTex 2022. Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed ...

  DUBAI / WAM Etihad Credit Insurance (ECI), the UAE Federal export credit company, signed a memorandum of understanding (MoU) with the Czech Republic’s Export Guarantee and Insurance Corporation (EGAP) to enhance the trade, investment, and economic cooperation between the two countries. Under the agreement, the state export credit agencies will cooperate in joint projects to expand their exports globally, ...

  ABU DHABI / WAM Mohammed Saif Al Suwaidi, Director-General of the Abu Dhabi Fund for Development (ADFD), has received at the fund’s headquarters in Abu Dhabi Shaukat Ali Soudhan, Ambassador of Mauritius to the UAE. Khalifa Abdullah Al Qubaisi, Deputy Director-General of ADFD; and other senior officials from both sides were present at the meeting. The parties discussed bilateral ...

  ABU DHABI / WAM Etihad Airways will launch a seasonal twice-per-week service to Crete, the largest island in Greece, starting June 15. The flights are set to be operated on an Airbus A320 aircraft and will connect Abu Dhabi to the main city of Heraklion. Lying in the Aegean Sea, Crete offers travellers a rich tapestry of spectacular landscapes, ...