Bloomberg Bullish calls on Chinese stocks appear to have gotten on the nerves of the country’s regulators, with state media reporting that authorities are against analysts forecasting specific levels for the market. “Some predictions in the market are rather whimsical and some people use exaggerated and empty terms in pursuit of influence,” according to a commentary posted on the official ...

Bloomberg European stocks rise while US equity futures drifted on Wednesday as the tussle between economic optimism and inflation concern continues to play out in markets. The dollar ticked up. The Stoxx Europe 600 Index climbed 0.2%, with energy shares getting a boost from oil prices at multi-year highs. Contracts on the S&P 500 and Nasdaq 100 gauges fluctuated. AMC ...

ABU DHABI / WAM The UAE was ranked among the top 20 countries in the world during the year 2020 in five indices related to the competitiveness of the tourism sector in the country according to the Federal Competitiveness and Statistics Centre (FCSC). The country’s achievements in the tourism sector included the indexes in the Travel & Tourism Competitiveness Report ...

ABU DHABI / WAM Abu Dhabi National Oil Company (Adnoc) and Abu Dhabi National Energy Company PJSC (Taqa) have signed an agreement to construct the utilities facility for Ta’ziz, the new world-scale chemicals production hub and globally competitive industrial ecosystem currently under development at Ruwais, Abu Dhabi. This agreement brings together two of Abu Dhabi’s industrial champions, using the expertise ...

Dubai / WAM The Ministry of Health and Prevention (MoHAP) has further expanded its Covid-19 vaccination campaign by opening up booking slots for 12 to 15-year-olds for the Pfizer-BioNTech vaccine through the ministry website or Covid-19 App. The ministry also noted that those who took the second dose of the Sinopharm vaccine at least six months ago are now eligible ...

ABU DHABI / WAM Sharif Al Olama, Under-Secretary of the Ministry of Energy and Infrastructure for Energy and Petroleum Affairs, stated that the UAE is making progress in implementing its hydrogen-related plans, as well as in its collaborations with international partners to achieve a balanced energy mix, in line with its environmental preservation commitments. As part of his participation as ...

Bloomberg Opec+ stuck to its plan to hike oil output in July, but Saudi Arabia’s energy minister kept the market guessing as to whether the group will add more supply later this year to keep pace with the accelerating global recovery. “The demand picture has shown clear signs of improvement,” Saudi Energy Minister Prince Abdulaziz bin Salman said, in some ...

ABU DHABI / WAM The Central Bank of the UAE (CBUAE) has announced that the Money Supply aggregate M1 increased 0.3 percent, from AED642.3 billion at the end of March 2021 to AED644.4 billion at the end of April 2021. The Money Supply aggregate M2 decreased to AED1462.5 billion at the end of April 2021, meanwhile, the Money Supply aggregate ...

SHARJAH / WAM The Sharjah Exports Development Centre (SEDC), an initiative of the Sharjah Chamber of commerce and Industry (SCCI), has announced plans to send a trade mission to Russia next September. A delegation of businessmen and investors from the chamber will be visiting the transcontinental country to strengthen economic ties, develop industries, improve trade exchanges, and forge new and ...

Abu Dhabi / WAM The UAE was ranked among the top 20 countries in the world during the year 2020 in five indices related to the competitiveness of the tourism sector in the country according to the Federal Competitiveness and Statistics Centre (FCSC). The country’s achievements in the tourism sector included the indexes in the Travel & Tourism Competitiveness Report ...