Bloomberg Deutsche Bank said trading accelerated again over the past weeks, one of the few large investment banks to give guidance on the quarter after a strong first half of the year. “July started off pretty muted for the markets in general,” Mark Fedorcik, who heads the investment bank, said at a virtual conference hosted by Barclays Plc. “We saw ...

Bloomberg Norway’s central bank is poised to raise its interest rate this week in the first such post-pandemic tightening among nations with the world’s 10 most-traded currencies. Responding to a buoyant economic recovery, Norges Bank will lift its benchmark on Thursday by a quarter-point from zero, according to all but one of the 15 economists surveyed by Bloomberg. That places ...

Bloomberg India should put off a plan to shorten settlement of stock transactions as it raises the risk of default by local brokerages and dims the country’s allure to global investors, a lobby group said. Capital market regulator, Securities and Exchange Board of India (Sebi), has announced a proposal to allow stock exchanges to offer next-day settlement in some stocks ...

Bloomberg Stocks in Europe rise for a second day along with US index futures as concerns about China Evergrande Group’s debt woes eased ahead of Wednesday’s Federal Reserve policy decision. Basic resources and energy were among the leading gainers in the Stoxx Europe 600 index as commodity prices steadied after Beijing moved to contain fears of a spiraling debt crisis ...

SHARJAH / WAM HH Sheikha Jawaher bint Mohammed Al Qasimi, wife of the Ruler of Sharjah, Chairperson of The Big Heart Foundation (TBHF) and UNHCR Eminent Advocate for Refugee Children, has allocated AED6 million worth of medications to be shipped from the UAE, to support young cancer patients in the Children’s Cancer Centre of Lebanon (CCCL), as a response to ...

ABU DHABI / WAM Department of Health (DoH) — Abu Dhabi, the regulator of the healthcare sector in the emirate, has announced that it is adopting advanced drones to distribute and transfer medical supplies within the healthcare sector. The project, a first of its kind in the Mena, will create a state-of-the-art delivery system and network using drones at 40 ...

DUBAI / WAM Dubai’s Department of Economic Development (Dubai Economy) on Tuesday announced its latest economic outlook according to which it expects the emirate to record a growth of 3.1 percent this year. Spurred by the hosting of Expo 2020, Dubai’s growth is projected to accelerate to 3.4 percent in 2022. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, ...

ABU DHABI / WAM Masdar City-based Seramic Materials, a start-up company supported by accelerator The Catalyst, has developed a unique patented solution to recycle industrial solid waste into a high-temperature thermal energy storage (TES) product — a circular economy solution that both reduces wastage and promotes renewable energy development. The innovative product called, ReThink Seramic — Flora, can store heat ...

ABU DHABI / WAM Abdullah Mohamed Al Mazrouei, Chairman of Abu Dhabi Chamber of Commerce and Industry, has received Lody Embrechts, Ambassador of the Netherlands to the UAE, and the accompanying delegation, at the Chamber’s headquarters in Abu Dhabi. The sides shared their views concerning a number of economic developments and discussed boosting trade and investment relations between the two ...

ABU DHABI / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, inaugurated Eshraqat international festival, with the attendance of over 1,500 international figures. The festival, organised by the Ministry of Tolerance and Coexistence, in cooperation with the Ministry of Education, began with a speech by Sheikh Nahyan Mubarak. That was followed by a speech by Hussain ...