DUBAI / WAM Emirates continues to add travel options for customers with the announcement that it will re-start passenger flights to Cairo (from July 1), Tunis (from July 1), Glasgow (from July 15) and Malé (from July 16). This will bring Emirates’ network to 52 destinations in July, offering travellers convenient connections between the Middle East, Africa, Asia Pacific, Europe ...

Bloomberg Russia dismissed US intelligence findings reported by American media that it paid bounties for the Taliban to kill American and allied soldiers in Afghanistan as “fake news.” The intelligence assessments are part of the domestic political battle in the US ahead of November presidential elections, said Zamir Kabulov, President Vladimir Putin’s envoy to Afghanistan. “It’s hard to explain otherwise ...

Bloomberg Pakistani security officials killed four gunmen in Karachi before they could enter the stock exchange building with automatic rifles and hand grenades. The attackers were not able to enter the main compound, Farrukh Khan, chief executive officer of the exchange said by phone. The situation is under control now, said Khan. The KSE 100 index, which dropped after news ...

Bloomberg Indian stocks dropped on concern that increasing coronavirus infections and the extension of restrictive measures in some states will hinder a recovery in Asia’s third-biggest economy, which has just begun to reopen. The S&P BSE Sensex and the NSE Nifty 50 Index both fell 1.4% as of 10:13 am in Mumbai, set for their lowest close in more than ...

Bloomberg For those investors lucky enough to have invested in South Korea’s health care sector, now may be the time to reassess the risks. James Lim, a senior analyst at the $3 billion California-based hedge fund Dalton Investments LLC., is warning that retail investors could pull out of the nation’s equity market on unforeseen events such as an earlier-than-expected curb ...

Bloomberg European stocks slid while S&P 500 futures fluctuated as investors weighed scattered signs of economic improvement against the accelerating virus spread in the US, Brazil and India. The dollar slid against all of its major peers after three days of gains. Oil futures fell below $38 a barrel in New York. The yield on Treasury five-year notes traded near ...

Bloomberg The profits of Chinese industrial enterprises rebounded in May for the first time since November 2019, signaling the economy is continuing to recover from the coronavirus shutdowns Industrial profits rose 6% to 582.34 billion yuan ($82 billion) last month from a year earlier, data from the National Bureau of Statistics showed Sunday. That compared with a decline of 4.3% ...

ABU DHABI / WAM The Federal Transport Authority (FTA) – Land and Maritime, signed a Memorandum of Understanding (MoU) with Safeen, the marine services subsidiary of Abu Dhabi Ports, to provide emergency response services and support maritime rescue operations throughout the territorial waters of the United Arab Emirates. Under the terms of the MoU, Safeen will work closely with the ...

Sharjah / WAM Sharjah has been ranked in top in high growth activation phase ecosystems in newly launched Global Startup Ecosystem Report (GSER) marking a milestone in the emirate’s journey towards becoming a thriving global startup hub. In line with the Sharjah Entrepreneurship Center’s mandate to put Sharjah on the map as an entrepreneurial hub locally and internationally, Sheraa has ...

DUBAI / WAM Nasdaq Dubai welcomed the listing on Sunday of a $1.5 billion sukuk issued by Islamic Development Bank (IsDB) to support Covid-19 relief initiatives. The capital raised will fund medical, social and business projects in many of the bank’s 57 member countries aimed at protecting health and improving lives. The sukuk is the second to be issued under ...