Bloomberg Fresh concerns about the efficacy of existing vaccines against the omicron coronavirus strain pushed markets back into risk-off mode on Tuesday, with stocks in Europe dropping alongside US equity futures. Bonds gained as investors sought havens. The Stoxx Europe 600 index falls more than 1%, more than wiping out an earlier advance. Cyclical sectors including retail, travel and carmakers ...

Bloomberg South Korea’s benchmark stock index erased its gain for the year on renewed outflow of foreign funds amid worries that the new Covid-19 variant could hamper the global economic recovery. The equity benchmark falls 2.4%, with losses accelerating in the afternoon following a Financial Times that Moderna Inc’s CEO said existing vaccines may struggle against the omicron strain. The ...

Abu Dhabi / WAM On the occasion of the Commemoration Day, President His Highness Sheikh Khalifa bin Zayed Al Nahyan said that the UAE will remain indebted to its heroes who sacrificed their very souls for the sake of their homeland. “The sacrifices of our martyrs will remain indelible in the conscience of homeland and our national memory. Their heroic ...

Bloomberg Oil pared gains in volatile trading after rebounding from one of its biggest daily drops as traders weighed the risks to demand from the omicron variant of Covid-19 and the potential response by Opec and its allies. Futures in New York were up about 3.5% on Monday after earlier rallying as much as 7%. The World Health Organisation warned ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, has said, “We draw lessons from the sacrifices of the nation’s martyrs for a strong and resilient country, capable of facing challenges… We are proud of them.” HH Sheikh Mohamed said the names of the ...

Abu Dhabi / WAM Emirates Stallions Group (ESG), an ADX-listed company and a subsidiary of International Holding Company (IHC), acquired 70% of WFC Holding, a UAE leading technology, data-driven and outsourcing company specialised in Business Process Outsourcing (BPO) and Manpower Outsourcing (MPO). WFC Holding, through its subsidiaries Workforce Connexion, Integrated Business Centre, Corporate Solutions Consultants, and Multi-Serve Typing, provides clients ...

DUBAI / WAM Expo 2020 Dubai visit numbers have climbed to 4,766,419 in the period up to November 28, driven by music, sporting stars and continued strong take-up of the November Weekday Pass. Jubilee stage played host to a packed week of entertainment, including Kuwaiti singer Abdullah Al-Ruwaished and famed Egyptian singer Mohamed Hamaki, while a formidable all-female line-up delighted ...

ABU DHABI / WAM Multiply Group, a subsidiary of International Holding Company (IHC), will list directly on the Abu Dhabi Securities Exchange (ADX) on December 5, offering investors the opportunity to invest in the field of disruptive digital technology and other key industries. Multiply Group, which had assets of AED 8.16 billion and 3,240 employees as at end of September, ...

Dubai / WAM Etihad Credit Insurance (ECI), the UAE Federal export credit company, signed a Memorandum of Understanding (MoU) with Greece’s Export Credit Insurance Organisation (ECIO), to enhance the bilateral trade and economic cooperation between the UAE and Greece. The two state export credit agencies will support local businesses of both countries operating in agriculture, construction, steel and aluminium, ceramics, ...

Abu Dhabi / WAM The good deeds and sacrifices of our martyrs will remain as long as there is life, and their blood is manifested in our identity, reinforcing our glory, said His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. In a statement given to ‘Nation Shield,’ the ...