BLOOMBERG The euro retreated and stocks climbed as decelerating European inflation added fuel to broader rate-cut expectations that have spurred a global rally in assets this month. The currency was trading 0.4% weaker versus the dollar after the pace of price growth in the region cooled more than expected. Ten-year bund yields were slightly lower after slipping as much as ...

BLOOMBERG November has been good to South Africa’s rand for the past five years. This time is different. South Africa’s currency is on track for an 0.3% decline against the dollar this month, one of only four emerging-market peers to weaken. MSCI’s developing nation currency index is set for a 2.9% November gain. That’s in contrast to the rand’s performance ...

DUBAI/ GULF TIME Dubai, known for its unsurpassed luxury and innovation, is now home to a groundbreaking UAE certified lab-grown diamond company that is set to redefine the luxury jewelry industry. PlasmabilityTM, Crossworks Manufacturing, a member of the HRA Group, Dubai Holding (SJM Group) and Bond have entered into a strategic partnership establishing Eviqe Diamonds, a technologically advanced pioneer in ...

ABU DHABI/ GULF TIME The Emirate of Abu Dhabi is set for its first green-hydrogen-powered smart taxi experience. Tawasul Transport, a leading transport company, is collaborating with ADNOC, the Integrated Transport Center (ITC) and Al Futtaim Motors, to create this trailblazing sustainable urban mobility initiative. Tawasul Transport, together with Al Futtaim Motors, will provide the operational data, including kilometers driven, ...

DUBAI/ WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Wednesday received Dr Mohamed Irfaan Ali, President of the Cooperative Republic of Guyana, to discuss the prospects of enhancing cooperation between the two nations in various fields. During the meeting, His Highness welcomed Dr Mohamed Irfaan Ali, who is visiting the country to participate in the Conference ...

DUBAI/ WAM In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has ordered the release of 1,249 prisoners of different nationalities from Dubai’s correctional and punitive establishments, ahead of the 52nd Union Day. Chancellor Essam Issa Al-Humaidan, Attorney General of Dubai, said that His Highness ...

ABU DHABI/ WAM Under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, in his capacity as Ruler of Abu Dhabi, H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has approved the disbursement of a housing benefits package to UAE Nationals in the ...

ABU DHABI/ WAM The Supreme Council for Financial and Economic Affairs (SCFEA), the authority responsible for setting the public policies and approving the governing strategies of the financial, investment, economic, petroleum, and natural resources affairs in Abu Dhabi, launched today a new policy framework for low-carbon hydrogen in the Emirate. The low-carbon hydrogen policy outlines key principles that define the ...

ABU DHABI/ WAM Etihad Airways announced it will start flying its A380 double-decker to New York JFK from 22nd April 2024. The introduction of the A380 marks a significant enhancement to Etihad’s capacity in the crucial US market, connecting to the broader GCC and Indian subcontinent. It will further attract an increased number of visitors to sample the attractions of ...

ABU DHABI/ WAM In line with the vision of the wise leadership, and embodying the UAE’s global leadership role in climate action and a sustainable future, which resulted in its hosting of COP28, and coinciding with the country’s celebrations of the 52nd Union Day, the Central Bank of the UAE (CBUAE) announced the issuance of a new AED 500 banknote ...