BLOOMBERG Chinese stocks extended losses as mainland banks surprisingly kept a key interest rate tied to mortgages on hold, in a move that raised doubts over the country’s commitment to support the embattled property sector. The Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong, slumped 1.9% to the lowest since November. The Hang Seng Index, ...

BLOOMBERG US equity futures rose on Monday, signalling a modest bounce for stocks on Wall Street after a bruising August so far for investors. Bonds were broadly weaker.  Contracts for the S&P 500 and the Nasdaq 100 advanced, with the underlying gauges set to trim three weeks of declines. Palo Alto Networks Inc rallied in premarket trading after the cybersecurity ...

HONG KONG OKX, a leading global technology company driving the development of Web3, Monday announced that renowned singer and actor Ali Zafar has joined as its global Web3 brand ambassador. Under the partnership, Zafar will participate in a number of OKX events and experiences as part of OKX’s global Web3 campaign, with a focus on South Asia and the Middle ...

SHARJAH / WAM In a creatively charged environment primed for innovation, over 1400 young talents enthusiastically engaged in the “Your Summer with Us” initiative, orchestrated by the Sharjah Youth under the aegis of the Rubu’ Qarn Foundation for Creating Leaders and Innovators. This dynamic event catered to youths aged 13 to 18, spanning a vibrant seven-week period from July 3 ...

AMDJARASS / WAM The UAE celebrated the World Humanitarian Day with pride as the UAE Field Hospital in the Chadian city of Amdjarass added another feather to the country’s humanitarian work cap. On August 19, the international community came together to honour humanitarians around the world striving to meet ever-growing global needs. No matter the danger or the hardship, humanitarians ...

DUBAI / WAM The Dubai Youth Council, in cooperation with the Dubai Electricity and Water Authority’s (Dewa) Youth Council, has organised a Youth Circle under the theme ‘Towards a Sustainable Future’ to discuss environmental sustainability and the vital role of global cooperation and COP28 in facing the challenges of climate change. The event also discussed the objectives of the Dubai ...

LATAKIA / WAM The Emirates Red Crescent (ERC) has inaugurated the 47- prefabricated unit Al Naqa’a housing project in the Latakia Governorate in Syria. Upon the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, ERC announced in April the construction of 1,000 prefabricated housing units in seven areas in the Latakia Governorate worth AED65 million to assist ...

DUBAI / WAM Idris Abdullah, Head of the Ethiopian community in Dubai and the Northern Emirates, underscored the depth of the relations between his country and the UAE, based on friendship and cooperation across economic, social and cultural aspects. In a statement to the Emirates News Agency (WAM), Abdullah pointed out the good treatment, values of tolerance and mutual respect ...

DUBAI / WAM As part of Dubai Cares’ “Back to School” edition of the Volunteer Emirates initiative, hundreds of volunteers came together on the World Humanitarian Day on  August 19 2023 to support children in need across the country by packing 7,000 school kits ahead of the beginning of the new academic year. Sponsored by DP World, the initiative saw ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Katalin Novák of Hungary on her country’s National Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice ...