Bloomberg The global selloff in technology equities continued in Asia on Tuesday amid fears of higher interest rates, with a benchmark tracking Chinese technology stocks in Hong Kong set to close at a record low. The Hang Seng Tech Index, which officially started in July last year, dropped as much as 2.5% to slip below the previous closing low on ...

Bloomberg Japanese equities fall, pushing the Nikkei 225 Stock Average to a seventh-daily loss and the brink of a technical correction, amid market disappointment with a new government and a host of threats to global economic growth. The blue-chip measure closed 2.2% lower, capping its worst longest losing streak since May 2019 and extending its loss from a September high ...

Bloomberg Opec+ agreed to maintain its schedule of gradual monthly production increases, triggering a surge in crude prices. Ministers ratified the 400,000 barrel-a-day supply hike scheduled for November after a short video conference on Monday. Going into the talks, there had been speculation that they could opt for a larger supply increase, but no such proposal was made, delegates said, ...

NEW YORK / WAM A UAE delegation, headed by Salem Mohammed Al Zaabi, Director of International Security Cooperation at the Ministry of Foreign Affairs and International Cooperation, participated in the high-level side event on Sudan, convened by the UN and the Government of Norway on the margins of the 76th session of the United Nations General Assembly. In attendance were ...

ABU DHABI / Emirates Business Emirates Development Bank (EDB), fully owned by the UAE Federal Government and a key financial enabler of the country’s economic diversification and industrial transformation agenda, announced the signing of cooperation agreement with Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), to boost the export potential of national businesses ...

ABU DHABI / WAM The Abu Dhabi Government is set to participate for the 10th time in Gitex Technology Week, at the Dubai World Trade Centre, from October 17-21, 2021. Thirty-one government and academic entities will be part of the Abu Dhabi Government pavilion to showcase more than 100 innovative initiatives and projects in digital transformation to create a unique ...

ABU DHABI / WAM Wizz Air Abu Dhabi, a UAE national airline, will commence seven new routes in the upcoming weeks bringing its third aircraft to full capacity after the eased travel restrictions were introduced in the Abu Dhabi Emirate recently. The national airline will operate routes to (Sarajevo) Bosnia and Herzegovina, Odesa (Ukraine), Muscat (Oman), Almaty (Kazakhstan), Sohag (Egypt), ...

Dubai / WAM Emirates National Oil Company Group (Enoc Group), the Official Integrated Energy Partner of Expo 2020 Dubai, has achieved AED 6.1 million savings from Energy and Resource Management (E&RM) projects in 2021; recording cumulative savings of AED 108 million from innovative energy efficiency measures implemented across the Group over the last five years. The announcement was made ahead ...

Abu Dhabi / Emirates Business Emirates Development Bank (EDB), fully owned by the UAE Federal government and a key financial enabler of the country’s economic diversification and industrial transformation agenda, announced the signing of cooperation agreement with Abu Dhabi Exports Office (Adex), the export-financing arm of Abu Dhabi Fund for Development (ADFD), to boost the export potential of national businesses ...

Dubai / WAM Emirates National Oil Company Group (Enoc Group), the Official Integrated Energy Partner of Expo 2020 Dubai, has achieved AED 6.1 million savings from Energy and Resource Management (E&RM) projects in 2021; recording cumulative savings of AED 108 million from innovative energy efficiency measures implemented across the group over the last five years. The announcement was made ahead ...