Bloomberg The prospect of tax hikes may not have derailed gains in US stocks yet, but 100 years of data say the market is far from impervious to them. Stocks can take a hit when rates rise on corporations and individuals, according to Julian Emanuel, chief equity and derivatives strategist at BTIG LLC. He sees 13 such instances, most recently ...

Bloomberg Japan’s Government Pension Investment Fund (GPIF), the world’s largest pension pot, considers the impact of its investments on markets and isn’t distorting the country’s stocks, said Hirohide Yamaguchi, the newly appointed chairman of the fund’s board of governors. Yamaguchi, a former deputy governor of the Bank of Japan (BOJ), said also that it was important to look at the ...

ABU DHABI / WAM The United Arab Emirates has affirmed its full solidarity with the Hashemite Kingdom of Jordan, and expressed its full support for any measures taken by King of Jordan, King Abdullah II, and Jordanian Crown Prince Hussein bin Abdullah to preserve the security and stability of Jordan and defuse any attempt that seeks to jeopardise either. The ...

Bloomberg Saudi Arabia raised prices for oil shipments to customers in its main market of Asia, signaling the kingdom’s confidence in the region’s economic recovery. The decision comes after the Opec+ cartel, led by the Saudis and Russia, agreed to boost daily crude production by more than 2 million barrels between May and July. Aramco, the Saudi state energy firm, ...

DUBAI / WAM Dr Tariq Humaid Al Tayer, Head of the Emirati-Latin American and North American Parliaments Friendship Committee of the Federal National Council (FNC), has met with Roberto Blanco Dominguez, Ambassador of Cuba to the UAE, at FNC headquarters in Dubai. Afra Al-Basti, Assistant Secretary-General for Parliamentary Liaison in the Council, attended the meeting. During the session, both sides ...

ABU DHABI / WAM Abu Dhabi’s energy sector is committed to supporting the global climate change agenda and the transformation to clean and renewable energy systems, said Awaidha Murshed Al Marar, Chairman of Abu Dhabi’s Department of Energy (DoE). Al Marar was speaking ahead of the first Regional Summit on Climate, which is being held in Abu Dhabi on April ...

RAS AL KHAIMAH / WAM The Ras Al Khaimah Chamber of Commerce and Industry discussed, with the Republic of Kosovo, ways of strengthening their economic cooperation, encouraging mutual investments and taking advantage of available opportunities in various economic sectors in both countries. The discussion took place during a meeting between Mohamed Ali Musabbeh Al Nuaimi, Chairman of the Chamber, and ...

DUBAI / WAM The Business Registration and Licensing (BRL) sector in Dubai Economy and Amazon have launched a new programme to support DED Trader licence holders by providing interactive e-Learning content to help them thrive in the digital economy. The new programme is part of the cooperation between Dubai Economy and Amazon to support DED Trader licence holders interested in ...

ABU DHABI / WAM The Central Bank of the UAE (CBUAE) has announced the issuance of a Small to Medium Sized Enterprises (SME) Market Conduct Regulation to promote best practices among licensed financial institutions (LFIs) when engaging with SMEs. The objective of the regulation is to enhance SMEs’ access to financial products and services. CBUAE’s introduction of this regulation follows ...

Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, chaired a meeting of the Golden Jubilee Committee attended by HH Sheikha Mariam bint Mohamed bin Zayed Al Nahyan, Deputy Chairperson of the Committee. The meeting, which was held via video conference, presented the progress made since the committee’s previous meeting ...