BLOOMBERG Japanese stocks fell after the Nikkei 225 Stock Average’s short-lived pop to a fresh 33-year high. Automakers including Mazda Motor Corp led the decline on the stronger yen. The Nikkei rose as much as 0.8% on Monday to the highest since March 1990, before reversing course and declining 0.6% to 33,388.03 at the market close in Tokyo. Exporters led ...

BLOOMBERG The dollar extended a decline, with a gauge of greenback strength hitting its lowest level since August, amid speculation the Federal Reserve is nearing the end of its rate-hike cycle. Traders are currently pricing in about a 30% chance of a first Fed rate cut in March following cool inflation data last week. Investors are awaiting publication on Tuesday ...

DUBAI/WAM H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai and President of the UAE National Olympic Committee (NOC), today honoured UAE’s champion athletes who secured 31 medals in the Asian Games and Asian Para Games, both of which concluded last month in Hangzhou, China. The ceremony, organised by the NOC, took place at Emirates ...

RAS AL KHAIMAH/WAM H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, has issued law No.16 of 2023 regarding the judicial fees in the emirate of Ras Al Khaimah. The law includes 11 chapters in 39 articles, to which was attached a table of all judicial fees levied by the courts and the ...

DUBAI/ WAM Fitch Ratings has affirmed the critical role that COP28 will play in raising awareness of sustainability issues in the region and steering investment and financial requirements towards a more environmentally responsible approach. Bashar Al-Natoor, Global Head of Islamic Finance and Managing Director at Fitch Ratings, expressed optimism about COP28’s potential to accelerate the issuance of sustainable bonds in ...

Al ARISH/ WAM A UAE humanitarian aid convoy set off today from Al Arish, Egypt, towards the Rafah Border Crossing today, in preparation for its entry into the Gaza Strip. The aid will be distributed under the UAE’s supervision as part of the ‘Gallant Knight 3’ humanitarian operation, launched under the directives of President His Highness Sheikh Mohamed bin Zayed ...

BLOOMBERG Meituan is exploring a potential acquisition of Delivery Hero SE’s business in Southeast Asia as the Chinese delivery giant looks to diversify beyond its domestic market, according to people familiar with the matter. Meituan has held talks with Delivery Hero about buying Southeast Asian operations that run under the Foodpanda brand, the people said, asking not to be identified ...

BLOOMBERG Walmart Inc’s stock fell the most in more than a year as the retailer struck a concerned tone on the outlook for US shoppers after signs of weakness in the second half of October. There was a “sharper falloff” in sales during the last two weeks of the fiscal third quarter, which ended on October 31, said Chief Financial ...

DUBAI / WAM The Gulf Intervention Society (GIS) concluded its fifth annual conference in Dubai, successfully bringing together over 1,450 participants from around the globe. Held from November 16-18, at the Intercontinental Festival City Hotel, Dubai, the conference focused on cutting-edge international technologies and advancements in cardiac catheterisation and interventional surgeries. The event garnered widespread international participation, with researchers, specialists, ...

ABU DHABI / WAM The Abu Dhabi Police General Headquarters has decorated 150 patrols with the official logo of the 28th Session of the Conference of the Parties (COP28) to the UN Framework Convention on Climate Change (UNFCCC), which the UAE will host from November 30 to December 12 in Expo City Dubai. The patrols were decked with the slogan ...