Bloomberg US stocks swung between gains and losses as lingering anxiety about US and Chinese trade relations hung over global financial markets. Treasury two-year note yields rose to a one-decade high, while oil steadied. The S&P 500, Dow Jones Industrial Average and the Nasdaq Composite all pushed higher briefly after starting the day in the red, before settling into little ...

Bloomberg The pound may be in for a rough ride as contrasting headlines surrounding the fate of Brexit test traders’ nerves. Sterling whipsawed between gains and losses multiple times on Tuesday as investors adjusted their positions to news about the UK’s impending exit from the European Union. The currency tumbled from a six-week high after a report the EU sees ...

Abu Dhabi / Emirates Business Adnoc Distribution, the UAE’s largest fuel and convenience retailer, announced on Tuesday it has signed an agreement with Etisalat Digital for a cloud-based digital signage advertising network. This digital signage project will be rolled out across 100 Adnoc Distribution service stations and will be the UAE’s largest out-of-home advertising network, establishing new means for both ...

DUBAI / Emirates Business Kuwait Oil Company (KOC) and Grandweld Shipyard, based in the UAE, has celebrated the launching of the first crew Boat as per an agreement signed last March to build six Pilot Boats and four Crew Boats for KOC. The remaining nine boats will be delivered in June 2019. The boat, that has been specially designed to ...

Abu Dhabi / WAM The Emirates Foundation, the national organisation set up by the Abu Dhabi Government to facilitate public-private funded initiatives for the empowerment of youth across the UAE, has announced the kick-off of the 7th edition of its ‘Think Science’ national competition, in partnership with the Ministry of Education and the Department of Education and Knowledge (ADEK). To ...

DUBAI / Emirates Business Global trade enabler DP World has been awarded the Gulf Business Innovator of the Year Award for its collaboration with Virgin Hyperloop One to develop the DP World Cargospeed system that will deliver on-demand freight at the speed of flight and closer to the cost of trucking. The award was received on behalf of the two ...

DUBAI / Emirates Business Dubai Land Department (DLD) signed a Memorandum of Understanding (MoU) with the Reed MIDEM SAS to promote the services offered by DLD. The agreement aims to enhance the trust in Dubai’s real estate sector through a cooperation between the two parties. The company will use its expertise to promote DLD’s services across investors. HE Sultan Butti ...

ABU DHABI / WAM The Integrated Transport Centre (ITC) at the Department of Transport (DoT) in Abu Dhabi has announced that its surface parking bays will be free of charge starting from Thursday, September 13 to Saturday, September 15 at 7:59 am on the Hijri new year’s holiday. To that regard, ITC urges the public not to park their vehicles ...

DUBAI / WAM Green capital will be the focus of discussions at the annual World Green Economy Summit (WGES 2018), amid the global commitments to build a green and sustainable world economy. Green finance refers to the financing of investments that provide environmental benefits in the broader context of environmentally sustainable development. WGES 2018 will host fruitful discussions on how ...

Bloomberg The Spanish government is exploring ways to persuade investors to finance a $116 billion transformation of its energy system as it tries to move beyond past policy mistakes that led to widespread losses and lawsuits. The Socialist administration is drawing up plans to expand renewable power generation, modernise its transport system and refit buildings to make them more energy ...