BLOOMBERG The selloff that’s ripped through green stocks looks set to continue into 2024, bringing a fourth consecutive year of losses, according to Bloomberg’s latest Markets Live Pulse survey. The negative sentiment appears poised to engulf a wider array of green asset classes, with Tesla Inc seen at risk of losing its place among the 10 biggest stocks in the ...

BLOOMBERG European stocks fell for a second day and US futures pointed to a weaker open on Wall Street amid signs the November rally in equities is overstretched. The Stoxx 600 retreated 0.7%, while contracts on the S&P 500 dipped by 0.2%. Dutch biotech Argenx SE sank as much as 17% after preliminary results suggested its only medicine failed in ...

  BLOOMBERG Shares of Adani Group companies rallied, with the flagship Adani Enterprises Ltd surging 13%, after India’s Supreme Court concluded hearing the arguments in a case relating to an investigation into the plunge in the conglomerate’s stocks earlier this year. The jump added more than $15 billion to the ports-to-power conglomerate’s market value, the most since Hindenburg Research in ...

DUBAI/ GULF TIME Danube Home, the leading home improvement and furniture retailer in the region, has proudly unveiled its highly anticipated fourth edition of the Mad Red Sale – an annual extravaganza renowned for its incredible deals. Scheduled from November 15th to 30th, this sale promises shoppers an opportunity to enjoy discounts of up to 90% on an extensive range ...

ABU DHABI/ WAM The third group of wounded Palestinian children and cancer patients arrived in the UAE today in implementation of the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, to provide medical treatment for 1,000 injured children, and 1,000 cancer patients from the Gaza Strip, in the UAE’s hospitals. Departing from Al-Arish International Airport in the ...

SHARJAH/ WAM Sharjah Museums Authority (SMA) is celebrating the UAE’s 52nd Union Day with free entry to all its museums and with an array of cultural events and activities from 27th November to 2nd December, 2023. Marking this occasion, the SMA is offering free entry to all its museums from 16:00 to 20:00 on 1st December and from 8:00 to ...

ABU DHABI/ WAM Etihad Airways, the national airline of the United Arab Emirates, and Air France-KLM Group, today announced a new partnership between their respective loyalty programmes following the Memorandum of Understanding (MoU) signed between the two airline Groups in September 2023. As part of this new partnership, members of Flying Blue, Air France and KLM’s loyalty programme, and members ...

ABU DHABI/ WAM H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, has inaugurated the second edition of Abu Dhabi Finance Week (ADFW 2023), taking place from 27th to 30th November, under the theme ‘Investing in the Transition Era’. The event is held under H.H. Sheikh Khaled’s patronage, ...

ABU DHABI/ WAM The financial sector, a cornerstone of the UAE economic diversification drive, has surged by a remarkable 30 percent in the second quarter of this year and is expected to continue its upward trajectory with an annual growth of 13 percent in 2023, according to a senior economic official. “As we reflect on our economic journey, it is ...

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued Resolution No. 11 of 2023, regarding the Internal Regulations of the Federal National Council (FNC), which included a number of amendments related to the powers of the Council’s bodies, with the aim of enabling the Council to exercise its legislative, oversight, and parliamentary diplomacy powers in ...