Bloomberg The spike in bond yields this year may have spooked many global equity investors, but fans of the historically underperforming European market are winning big. The blue-chip Euro Stoxx 50 Index has surged 11% this year, outpacing other major market benchmarks including the S&P 500 Index and the Nasdaq Composite Index. A predominance of cheap and cyclical shares has ...

Bloomberg The day-trading Reddit crowd turned the first quarter of 2021 into one of the wildest periods of stock market mania in modern history. Books — plural — will undoubtedly be dedicated to the topic in years to come. But after these small-time speculators banded together to drive up dozens of obscure stocks by hundreds or even thousands of percent ...

DUBAI / WAM Ohood bint Khalfan Al Roumi, Minister of State for Government and the Future, has reaffirmed the UAE government’s commitment towards supporting global efforts in bridging the gender gap, achieving balance, and ensuring equal opportunities between women and men in various fields, through promoting partnerships between government and private sectors. Minister Al Roumi stated, in her keynote speech ...

Bloomberg President Joe Biden said the sweeping infrastructure proposal he unveiled this week would result in 19 million jobs created over the next decade as the US seeks to emerge from the pandemic. “Independent analysis shows that if we pass this plan the economy will create 19 million jobs,” Biden said in remarks at the White House. “Good jobs, blue ...

ABU DHABI / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has discussed with Sigrid Kaag, Minister for Foreign Trade and Development Cooperation of Netherlands, trade and investment ties and ways to develop them for the interest of both countries and peoples. During the meeting, which was held virtually, they exchanged views on a number ...

ABU DHABI / WAM Since the beginning of the year, the Federal National Council (FNC) has achieved several legislative, regulatory and parliamentary diplomacy milestones. During the first quarter of the year, the FNC held five sessions where it discussed seven bills and three public topics as part of the government efforts to deliver the UAE Vision 2021 and the UAE ...

DUBAI / WAM The 26th edition of Dubai International Pharmaceuticals & Technologies Conference & Exhibition- DUPHAT, will kick off on Monday, April 05, at the Dubai World Trade Centre. The highly anticipated DUPHAT 2021 is expected to attract over 20,000 visitors and participants from 75 countries over the course of three-days. Organised annually by INDEX Conferences and Exhibitions — a ...

ABU DHABI / WAM The Abu Dhabi Chamber, the US Commercial Service at the US Embassy and the US Department of Commerce’s International Trade Administration, are organising a virtual meeting on Wednesday, April 07, to discuss investment opportunities. The meeting will bring leading investors in the UAE together with the certified trade mission for the US alternative asset fund managers. ...

CAIRO / WAM / Reuters The last ships stranded by the grounding of a giant container vessel in the Suez Canal was expected to pass through the waterway on Saturday, according to the canal authority, which said an investigation into the incident would report its findings soon. Osama Rabie, Chairman of the Suez Canal Authority (SCA), said 85 ships were ...

Dubai / WAM The 26th edition of Dubai International Pharmaceuticals & Technologies Conference & Exhibition- Duphat, will kick off on Monday, April 5, at the Dubai World Trade Centre. The highly anticipated Duphat 2021 is expected to attract over 20,000 visitors and participants from 75 countries over the course of three-days. Organised annually by Index Conferences and Exhibitions – a ...