Bloomberg Asian stocks were mixed on Monday amid data showing steadier economic growth in China as well as ongoing challenges in the nation’s troubled property sector. Treasuries were steady and the dollar slipped. Shares fluctuated in Hong Kong and dipped in China, where traders weighed stronger-than-expected retail sales and industrial output, central bank liquidity support and a drop in home ...

Bloomberg The European Central Bank (ECB) would risk exacerbating inequality if it were to raise interest rates before ceasing asset purchases, according to Executive Board member Isabel Schnabel. Such a scenario is one example of how considerations of the broader impact of monetary policy should feature in decision-making, Schnabel told a conference organised by the US Federal Reserve. She highlighted ...

Bloomberg Stay away from US stocks and bonds next year, and seek out better returns in Europe and Japan. That’s the advice of Morgan Stanley’s strategy team, which sees fading monetary support and high valuations holding back American assets in 2022, even as growth improves and inflation moderates. Fundamentals are more attractive in Europe and Japan, where central bankers will ...

ABU DHABI / WAM Sheikh Shakhbout bin Nahyan bin Mubarak Al Nahyan, Minister of State, representing President His Highness Sheikh Khalifa bin Zayed Al Nahyan, participated in the “Paris International Conference for Libya,” which was held in the French capital, Paris. During his speech, the minister conveyed the greetings and appreciation of the UAE leadership to France, Germany, Italy, Libya ...

ABU DHABI / WAM Edge Group entity, GAL, a leading regional provider of integrated aircraft sustainment solutions for military and civilian customers, has been awarded an exclusive Performance-Based Logistics (PBL) contract to supply the UAE Air Force and Air Defence (AFAD) with maintenance, repair and overhaul (MRO), and specialised support services. For the first time in the company’s history, the ...

ABU DHABI / WAM Tawazun Economic Council (Tawazun) on Sunday signed a Letter of Intent (LoI) to purchase 100 VRT500 helicopters from Aeroter at a total value of around AED913 million for use across some government entities. The delivery of the 100 helicopters is expected by the end of 2023. Ahmed Ali Al Harmoodi, Chief Acquisition Management officer of Tawazun, ...

DUBAI / WAM Emaar Development PJSC, the leading build-to-sell property development business, majority-owned by Emaar Properties, achieved strong performance during the first nine months (January to September) of 2021, with a strong contribution by exceptional inventory sales, and reinforced by recent successful launches creating value for the future. The developer reported its highest ever property sales of AED20.943 billion in ...

Dubai / WAM The UAE Ministry of Culture and Youth has signed a Memorandum of Understanding (MoU) with the UK’s Department for Digital, Culture, Media & Sport (DCMS) to reinforce cooperation in cultural fields related to tangible and intangible cultural heritage, literature, visual and performing arts, audio-visual media, design, cultural and creative industries. The two countries will also work together ...

DUBAI / Emirates Business Emirates Islamic, one of the leading Islamic financial institutions in the UAE, successfully closed a $500 million five-year sukuk issued from its $2.5 billion Certificate Issuance Programme. The landmark issuance, rated A+ by Fitch, is listed on Nasdaq Dubai and Euronext Dublin’s Regulated Market. Investors showed strong appetite which resulted in an order book that peaked ...

Abu Dhabi / Emirates Business Held under the patronage of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, and hosted by the Abu Dhabi National Oil Company (Adnoc), this year’s Adipec – the global energy industry’s largest, most important and influential event – returns to Abu Dhabi from November 15 – 18 as the only event ...