Bloomberg Indian bonds gained after the government refrained from adding to its near-record borrowing plan for the year, bringing some supply relief to the market battered by rising Treasury yields and oil prices. The administration will adhere to its plan to borrow 12.05 trillion rupees ($163 billion) in the year through March, the finance ministry said in a statement. The ...

Bloomberg Stocks and US index futures declined as investors reassessed valuations in the wake of a spike in Treasury yields. Oil headed for multiyear highs amid a global supply crunch. Contracts on the Nasdaq 100 Index plunged 1.4%, signaling the technology-heavy gauge may extend the losses. S&P 500 futures fall 0.8%. The five-year Treasury yield rises above 1.03% and the ...

ABU DHABI / WAM Dr Matar Hamed Al Niyadi, UAE Ambassador to Kuwait, has said that Expo 2020 Dubai sends a message of peace and tolerance from the UAE to the entire world, as it will gather participants and visitors from around the world for six months in a display of innovation and social and cultural development. In an interview ...

ABU DHBAI / WAM Abu Dhabi National Oil Company (Adnoc) on Monday announced the successful completion of the bookbuild and public subscription process for the Initial Public Offering (IPO) of Adnoc Drilling Company PJSC. It confirmed the previously announced increased offering size from 1,200,000,000 ordinary shares to 1,760,000,000 ordinary shares (Offer Shares), equivalent to 11 percent of total issued share ...

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, held a phone call with Ramzan Kadyrov, president of Chechnya, during which he congratulated him on being re-elected for another presidential term, and wished him continuing success in performing his duties. His highness Sheikh ...

ABU DHABI / WAM The Ministry of Energy and Infrastructure (MoEI) has signed a Memorandum of Understanding (MoU) with the Maritime Transport Agency of the Ministry of Economy and Sustainable Development in Georgia. Under the MoU, the UAE and Georgia will recognise maritime education and training as well as certificates of competency of seafarers issued by the competent authorities in ...

ABU DHABI / WAM Shuaa Capital psc, the leading asset management and investment banking platform in the region, on Monday announced its intention to complete and deliver ₤2 billion worth of property projects in London through its wholly-owned subsidiary Northacre. Northacre is currently focused on completing its two key projects: No.1 Palace Street and The Broadway, both of which are ...

ABU DHABI / WAM Mohamed Helal Al Mheiri, Director-General of Abu Dhabi Chamber of Commerce and Industry, has met with Afzaal Mahmood, Pakistan’s Ambassador to the UAE, at the Chamber’s headquarters in Abu Dhabi, to discuss the prospects of boosting cooperation between businesses in Abu Dhabi and Pakistan. Attended by Deputy Directors-General of the Chamber Abdullah Ghurair Al Qubaisi and ...

Dubai / WAM In line with the continued easing of travel restrictions around the globe, Emirates has announced that its flagship A380 aircraft will soon be deployed to an expanded list of destinations starting in October and November. By the end of November, the number of cities that the aircraft will serve will be scaled up to 27, representing a ...

Abu Dhabi / WAM Miral, Abu Dhabi’s leading creator of magnetic experiences, announced on Monday the launch of its Decision Analytics strategy; the Noor Initiative. The all-new and bold strategy is in line with Miral’s digital transformation strategy for Yas Island, and part of its ambition to become the region’s most dynamic and influential leisure and entertainment developer by 2025. ...