BLOOMBERG European stocks will rise next year as household spending power picks up and the threat of a sharp slowdown eases, according to Goldman Sachs Group Inc strategists. Quicker-than-expected cooling in euro area inflation should lead to positive growth in real wages — a boost for consumers, while also reducing obstacles to interest-rate cuts and with that the risk of ...
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BLOOMBERG Global stocks and bonds edged higher ahead on speculation that a crucial US inflation report will show that price pressures slowed last month, cementing the view that interest rates have peaked. Europe’s Stoxx 600 index added 0.2%, with mining stocks led by a 4% gain in Glencore Plc after it agreed to buy a majority stake in Teck Resources ...
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DUBAI / WAM Mohammed bin Rashid School of Government hosted the second edition of the Arab Climate Forum as a knowledge partner, which is launched by the Arab NGO Network for Development in partnership with the Arab Gulf Programme for Development (AGFUND). The two-day event is being held under the patronage and presence of Prince Abdul Aziz bin Talal bin ...
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ABU DHABI / WAM Climate diplomacy is a cornerstone of the UAE’s efforts to mobilise global collaboration among organisations, individuals, and both public and private sectors in concrete actions supporting global climate work, aligning with the UAE’s hosting of COP28. The UAE, as the first country in the region to sign and ratify the Paris Agreement and the first in ...
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DUBAI / WAM Emirates, the world’s largest international airline, today announced a massive $950 million investment to build a new ultra-modern engineering facility at Dubai World Central (DWC). Spread over 1 million square metres, the engineering complex will be the largest and most advanced of its kind to be operated by any airline, adding a boost to Dubai’s world-class aviation ...
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DUBAI / DUBAI MEDIA OFFICE His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Tuesday met with global banking leaders participating in the International Monetary Conference held this week in Dubai. Also present on the occasion were His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown ...
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DUBAI/ WAM Tawazun Council, the independent government entity that works closely with the Ministry of Defense and security agencies to maximize value through acquisition systems, announced signing of 11 deals, worth AED 6.9 billion, with local and international companies on the second day of the Dubai Airshow 2023. The cumulative value of deals signed for first two days at Dubai ...
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ABU DHABI/ WAM ADNOC Gas plc (ADNOC Gas), a world-class integrated gas processing company, today announced its financial results for the three months and nine months ended September 30, 2023 (Q3 2023 and 9M 2023). ADNOC Gas continued to deliver robust financial and operational performance in a volatile market environment marked by consumer and geo-political pressures. The Company’s Q3 2023 ...
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ABU DHABI/ WAM AD Ports Group today announced its financial results for the third quarter of 2023, reporting revenue growth of 189% YoY to AED 4.24 billion, which included the effect of MA activity and notably Noatum’s Logistics, Maritime, and Ports businesses. Revenue growth reached 113% YoY on a LFL basis, excluding effect from MA activity. Four of the five ...
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ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of condolences to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud of Saudi Arabia, over the death of Prince Yazeed bin Saud bin Abdulaziz Al Saud. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and ...
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