BLOOMBERG US equity futures edged higher while the dollar extended losses as trading resumed after the Christmas holiday amid investor expectations for earlier and deep interest rate cuts next year. Stocks in Asia were mixed in a thin trading session with markets including Hong Kong, New Zealand and Australia shut. Emerging Asian currencies rose, with South Korea’s won and Taiwan ...

DUBAI/ WAM Hatta, Dubai’s captivating mountain town, has been rising in global and regional profile over the last few years as a prominent travel destination. Often referred to as the ‘Highlands of Dubai’, Hatta has transformed into one of the Middle East’s most enchanting cultural, entertainment and adventure tourism hubs offering a unique mix of thrilling outdoor activities, rich historical ...

ABU DHABI/ AD MEDIA OFFICE His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has offered his condolences to His Excellency Dr. Mohamed Saeed Al Badi, on the passing of his mother at the mourning majlis in Al Ain. His Highness passed on his deepest sympathies to the ...

ABU DHABI/ WAM Institutional investors have notably boosted their acquisition of domestic stocks in 2023, enticed by the diverse investment prospects and the opportunity to engage in the strong expansion of the country’s economy. Furthermore, prominent global and regional institutions consider local listed companies highly attractive for their investment strategies. Data from the Abu Dhabi and Dubai markets reveals that ...

ABU DHABI/ WAM UAE stocks generated strong cash flows Monday, with market liquidity surpassing AED1 billion. International Holding Company (IHC) and Dubai Electricity and Water Authority (DEWA) topped the market in terms of number of transactions. The Abu Dhabi Securities Exchange (ADX) gained AED 885.8 million in liquidity, as compared to the AED 115.2 million gained by the Dubai Financial ...

DUBAI/ WAM H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, met today with a number of dignitaries and senior officials at Zabeel majlis keenly enquiring about the progress of projects they were undertaking. During the meeting, Sheikh Hamdan said that the directives of His Highness Sheikh Mohammed bin Rashid ...

BLOOMBERG Asset managers turned bullish on the yen from bearish for the first time since May on the growing view that the Bank of Japan (BOJ) will probably end its ultra-easy policy in 2024 while its major peers cut interest rates. The latest Commodity Futures Trading Commission data for the week through December 19 also showed a slight reduction in ...

DUBAI / WAM The Emirates Post Group Company (EPG), in collaboration with the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), announced the launch of the first edition of the 52nd National Day stamps designed using generative artificial intelligence. The event was organised in the presence of Omar Sultan Al Olama, Minister of State for Artificial Intelligence and Digital Economy ...

SHARJAH / WAM Sharjah Consultative Council (SCC) will hold its second meeting, on December 28, as part of the first regular session of the eleventh legislative chapter, at its headquarters in the city of Sharjah, headed by Dr Abdullah Belhaif Al Nuaimi, Chairman of the Council. After approving the minutes of the first meeting, the agenda includes discussing the budget ...

ABU DHABI / WAM Abu Dhabi Department of Economic Development (Added), represented by Industrial Development Bureau (IDB), and Siemens Energy, a global leader in energy technology, have joined hands to further decarbonise Abu Dhabi’s booming industrial sector. The collaboration supports Abu Dhabi Industrial Strategy’s vision to establish the Emirate as the most competitive industrial hub in the region, driving the ...