Bloomberg A continuing recovery in Bitcoin has put the largest cryptocurrency on course for its longest winning streak this year. The virtual coin rose as much as 6.1% to top $40,000 and was trading at about $39,700 as of 8:15 am in London on Wednesday. It’s advanced for eight straight days. Other coins including second-ranked Ether climbed, boosting the Bloomberg ...

Bloomberg While Chinese markets might look bleak at the moment, the biggest government bond selloff of 2021 has some investors salivating at a buying opportunity. Risk aversion swept the country and spread globally this week after China cracked down on private-education firms. Although reassurance from state media on Wednesday helped stem a selloff in stocks, sentiment remains fragile. The same ...

Abu Dhbai / WAM On the occasion of the 50th anniversary of the Abu Dhabi Fund for Development (ADFD), ministers and government officials stated that the UAE has effectively contributed to supporting the implementation of the 2030 Agenda for Sustainable Development in developing countries. In this context, they highlighted the crucial role of the ADFD in establishing the UAE as ...

Bloomberg Oil steadied as the resurgent pandemic posed a fresh threat to fuel demand even as global crude markets continued to tighten. Futures fluctuated near $72 a barrel in New York. The rebound in key energy consumers such as the US and China has helped to underpin increasing fuel consumption and drained bloated stockpiles built up during the pandemic. The ...

Abu Dhbai / WAM The Emirati-Sudanese Security Committee held its first meeting remotely via video conferencing, to discuss ways of strengthening the cooperation and coordination and exchanging training expertise between the ministries of interior of the UAE and Sudan. The UAE delegation was chaired by Brigadier Hamad Ajlan Al Amimi, Director-General of the Federal Criminal Police, while the Sudanese side ...

BANJUL / WAM President Adama Barrow of the Gambia has received in his office Major General Dr Ahmed Nasser Al Raisi, Inspector General of the Ministry of Interior, who is on a tour to Africa aimed at strengthening security and police ties with a number of African countries. During the meeting, held in the capital Banjul, President Barrow conveyed his ...

ABU DHABI / WAM The Ministry of Industry and Advanced Technology (MoIAT) and Etihad Credit Insurance (ECI) on Tuesday signed a Memorandum of Understanding (MoU) to inject capital into the UAE’s industrial sector and support local industrialists. The new MoIAT-ECI partnership offers a package of financial incentives to support UAE exports, offer financing facilities for manufacturers and advanced technology projects, ...

ISLAMABAD / WAM Pakistan and Saudi Arabia on Tuesday agreed to strengthen their relationship particularly in the economic domain including cooperation in trade, investment and technology. Foreign Minister Shah Mahmood Qureshi and his Saudi counterpart Prince Faisal bin Farhan bin Abdullah in a joint presser held at the Ministry of Foreign Affairs, vowed to continue extending support to each other ...

ABU DHABI / WAM The UAE’s National Archives (NA) and the Colombian National Archives signed a Memorandum of Understanding (MoU) aimed at enhancing their cooperation, encouraging the exchange of culture and knowledge, and implementing training programmes related to archiving. The signing took place under the framework of intensifying their coordination in archiving and preserving cultural heritage in both countries. The ...

Dubai / WAM The Environment Agency – Abu Dhabi (EAD) and Wetlands International have launched the Waterbird Populations Portal (WPP), an online interactive platform containing the most recent data on the status and distribution of the world’s waterbird populations. EAD provided financial support for the development of the portal, which was launched at a global webinar, organised by Wetlands International ...