Bloomberg Even if everyone agrees that vaccines will ignite the economy next year, Wall Street’s collective consciousness has no idea what it will mean for stocks. Forecasts among the people paid to fashion such estimates are all over the map — to an almost historic degree. The most bullish, Dubravko Lakos-Bujas at JPMorgan, predicts the return to normal will serve ...

Bloomberg Most equities markets in the Middle East advanced as investors looked to the rollout of mass vaccination programs for a fresh spur to prices. Saudi Arabia’s Tadawaul All Share Index gained the most in the region, climbing 0.3% in 10:27 am local time. Gauges in Dubai, Abu Dhabi, Bahrain and Kuwait also rose, while Oman’s benchmark index slipped. Saudi ...

Bloomberg Sri Lanka’s credit rating was pushed further into junk at S&P Global Ratings, which cited the nation’s deteriorating fiscal position as a risk to the sovereign’s ability to service debt. The country’s long-term foreign-currency credit rating was cut to CCC+ from B-, with a stable outlook, according to a statement from S&P. Sri Lanka’s credit score is now the ...

Bloomberg The UK will become the first major industrialised nation to end all public finance for fossil fuel projects overseas, in an effort to mark itself out as a leader in tackling climate change. Prime Minister Boris Johnson was expected to make the announcement at a virtual United Nations summit , which he’s co-hosting with France, Italy and Chile. More ...

DUBAI / WAM In line with the aspirations of the city of Dubai and to provide the population and visitors of Dubai the highest quality of specialised access healthcare in an ever-evolving digital environment, the Dubai Health Authority (DHA) recently discussed its priorities until 2071. Humaid Al Qutami, Director-General of the DHA, headed that meeting that took place on the ...

ABU DHABI / WAM The Authority of Social Contribution (Ma’an) launched its new initiative “Ghaya”, a financial literacy programme aimed at enhancing knowledge of financial management. Through cooperation with the Abu Dhabi Social Support Authority, 50 of its beneficiaries are to be enrolled on the inaugural initiative on December 13, 2020, in addition to other participants from the public.

NEW YORK / WAM The Covid-19 pandemic has revealed just how important it is for all countries to have strong health systems that provide the entire population with quality services when and where they need them, UN Secretary-General Antonio Guterres has stressed. “For Universal Health Coverage Day, let us commit to ending this crisis and build a safer and healthier ...

NEW DELHI / WAM The Indian government has identified “sunrise sectors” for investors in the Gulf with the thrust on joint ventures in infrastructure and manufacturing, integrating into supply chains and tapping sovereign wealth funds. This was stated by the Minister of State for External Affairs, V Muraleedharan, in his keynote address to a panel discussion here on “India and ...

Abu Dhabi / WAM Sandooq Al Watan, a social initiative launched by a group of Emirati businessmen to achieve sustainable development, a decent life, and a bright future for all the people of the nation, approved its strategy for the next three years to deliver on its mission of empowering the citizens and society of the UAE through the provision ...

DUBAI / Emirates Business Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park, held the 38th edition of the quarterly Dubai Technology Entrepreneur Campus (Dtec) Forum, powered by Entrepreneur ME, titled ‘Realities of Retail in 2020: Offline to Online’. Kicking off the last Dtec Forum for 2020 and welcoming participants, ...