SINGAPORE / WAM Gold prices settled on Wednesday, amid low trading volume and expectations of the Federal Reserve System of the US reducing interest rates in the first quarter of 2024 and the general weakness of the dollar. The price of gold stabilised in spot transactions at $2066.86 per ounce. US gold futures rose 0.4% to $2078.20 per ounce. Gold ...

BLOOMBERG Shares in Europe rose after a holiday break, tracking gains in Asia and on Wall Street as investors bet that the Federal Reserve will cut interest rates as early as March. The Stoxx Europe 600 climbed 0.3% in early trading. Technology stocks were among the biggest gainers as Prosus NV rebounded from a slump triggered by a selloff in ...

BLOOMBERG The Philippines on Wednesday received bids from four groups for a 170.6-billion peso ($3 billion) contract to upgrade and operate its main airport in Manila. The groups that submitted bids were Manila International Airport Consortium, Asian Airport Consortium, GMR Airports Consortium and SMC SAP & Co Consortium, Transportation Secretary Jaime Bautista said before opening the offers. The concession period ...

DUBAI / WAM The Ministry of Health and Prevention (MoHAP), in collaboration with the World Health Organisation (WHO), has hosted a three-day workshop aimed at bolstering Noncommunicable Disease (NCD) surveillance systems, enhancing the quality of life and combatting NCDs. The workshop also focused on fostering a shared comprehension of NCD surveillance concepts, establishing comprehensive reporting mechanisms for noncommunicable diseases and ...

  DUBAI / WAM Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, chaired the fourth meeting of the UAE Council for Climate Action held this year. The council conducted an online meeting to review the national efforts towards climate ambition, the outcomes of the 28th UN Climate Change Conference (COP28) hosted by the UAE, and other related ...

DUBAI / WAM The Dubai Financial Market (DFM) conducted three substantial deals directly involving shares of ‘Takaful Emarat,’ ‘SHUAA Capital,’ and ‘Salama – Islamic Arab Insurance’, totalling 175.3 million shares with a combined value of AED87.2 million. As per DFM’s data, the first deal involved 44.2 million ‘Takaful Emarat’ shares, valued at AED18.5 million, traded at an execution price of ...

BLOOMBERG The holidays are a special time of joy and giving — and a special time for generating trash. In the US alone, the amount of waste generated between Thanksgiving Day and New Year’s Day is 25% to 43% higher than average. All that trash pollutes the planet by piling up in landfills, and also contributes directly to climate change. ...

ABU DHABI / WAM The UAE dispatched a plane carrying 50 tonnes of aid in food supplies to the Republic of Seychelles to provide humanitarian relief to thousands of families impacted by the recent floods, which have caused severe and widespread damage. The plane was deployed in coordination with several humanitarian institutions in the UAE. Sultan Al Shamsi, Assistant Minister ...

ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, congratulated Radosław Sikorski on his appointment as Minister of Foreign Affairs of Poland, during a phone conversation. During the call, His Highness Sheikh Abdullah bin Zayed wished Sikorski success in his new mission, highlighting the distinguished relations that their countries share. The two top ...

ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD) participated in the inauguration ceremony at the fishing port of Tanit in Mauritania of an ice factory that would enhance the port’s efficiency. The Fund also supervised the project, carried out for AED24 million ($6.5 million) by the Emirati company Talc Investment, which is keen to invest in Africa and ...