Bloomberg Hennes & Mauritz (H&M) AB rose to the highest in almost two years after a popular summer collection helped the Swedish retailer put a dent into its bulging inventory. The stock rose as much as 7.5% after quarterly earnings gained for the first time this year. The third-quarter report was a rare bright spot in the gloomy world of ...

ABU DHABI / WAM An international delegation is visiting the UAE to learn about the country’s experience in organising the 2019 Federal National Council (FNC), elections and implementing a state-of-the-art electronic voting system that has been in use since the first cycle of the elections. The National Election Committee (NEC), has organised the 2019 FNC Elections Visit Programme which includes ...

Dubai Dubai recorded a non-oil foreign trade of AED 676 billion in the first half of 2019, an increase of 5% year-on-year from AED 644 billion in the corresponding half last year. The first-half figures, which represent a staggering growth of 87% from 2009, reflect the ability of the emirate’s trade sector to raise its strength and competitiveness despite a ...

Abu Dhabi / WAM The Sheikh Zayed Housing Programme has approved 522 housing assistance applications for Emirati citizens valued at AED410 million. They range from housing loans and grants to government housing. This follows the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and the follow-up of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President ...

Bloomberg PayPal Holdings Inc. pulled out of the Libra Association, a blow to Facebook Inc.’s efforts to develop a digital currency. “PayPal has made the decision to forgo further participation in the Libra Association at this time and to continue to focus on advancing our existing mission and business priorities as we strive to democratise access to financial services for ...

Dubai / Emirates Business The worlds’ most global and disruptive technology events, Gitex Technology Week and Gitex Future Stars, will bring together world-class industry innovators, government leaders, technology creators and forward thinkers begin on October 6, until October 10 at Dubai World Trade Centre. With a spotlight on next-generation technology and innovations that will evolve promising startups into transformative enterprises, ...

Bloomberg Oil registered its biggest weekly decline since July as a streak of disappointing economic data compounded fears about a global recession. The 0.7% rise in New York-traded futures wasn’t enough to correct a 5.5% drop for the week. Rising US payrolls and the lowest unemployment rate in five decades undercut prospects of interest-rate cuts by the Federal Reserve. “The ...

Abu Dhabi / Emirates Business A series of key infrastructure improvements to transform the future of transport in Abu Dhabi will be outlined by the Department of Transport – Abu Dhabi (DoT) before a global audience at the World Road Congress Abu Dhabi 2019. Thousands of road transport professionals will be offered an insight into how Abu Dhabi has built ...

Abu Dhabi / Emirates Business Abu Dhabi Securities Exchange (ADX) is participating at Gitex Technology Week 2019, taking place from October 6-10 at the Dubai World Trade Centre (DWTC). For the sixth consecutive year, ADX’s participation, within the Pavilion of the Abu Dhabi Government, will showcase its achievements in digitalising its services and highlight its efforts to enhance Abu Dhabi’s ...

Dubai / Emirates Business Dubai CommerCity (DCC), first dedicated e-commerce free zone in the Middle East, North Africa and South Asia (Menasa), will participate in the 39th Gitex Technology Week at DWTC. Ms Amna Lootah, Assistant Director General, Dafza said: “E-commerce is one of the fastest growing sectors which is playing a key role in the growth of the local ...