BLOOMBERG The dollar weakened, stocks rose and Treasury yields dipped on expectations slowing US inflation will erode the case for more rate hikes. A gauge of the greenback dropped to the lowest since April as traders focus on US consumer price data, with a Bloomberg survey showing expectations for both core and headline inflation continuing to moderate in the face ...

BLOOMBERG European stocks advanced, catching up to overnight gains on Wall Street, as investors awaited data that is likely to show a cooling in US inflation. The Stoxx 600 Index was up 0.6% in London, with technology and insurance stocks leading the gains. Travel and leisure and healthcare sectors underperformed. JD Wetherspoon Plc climbed after the UK pub operator gave ...

ABU DHABI / WAM The Abu Dhabi Department of Economic Development (Added) and NWTN Inc, an eco-conscious mobility technology company bringing passenger-centric green premium mobility solutions to the world, have inked an agreement to train and provide job opportunities for UAE talent and develop the automotive industry as well as green economy. NWTN plans to build an integrated production line ...

DUBAI / WAM Following the UAE cabinet’s approval of the Third Update of the country’s Second Nationally Determined Contributions (NDC) under the Paris Agreement, the Ministry of Climate Change and Environment (MOCCAE) on Tuesday announced a comprehensive roadmap to achieving 40 percent emission reduction by 2030 compared to business as usual. The Third Update of the Second NDC marks a ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan sent a written letter to Carlos Vila Nova, President of the Democratic Republic of Sao Tome and Principe, which included an official invitation to the Conference of the Parties to the UN Framework Convention on Climate Change (COP28), which will be held at Expo City Dubai ...

LIMA / WAM Mohamed Abdulla Al Shamsi, UAE ambassador to the Republic of Peru, has met with Alex Contreras Miranda, Minister of Economy and Finance, at the Ministry’s headquarters in the Peruvian capital, Lima. During the meeting, they reviewed prospects for cooperation between the UAE and Peru. Al Shamsi and Miranda also discussed promising investment opportunities and stimulating investment flows, ...

ABU DHABI / WAM Environment Agency – Abu Dhabi (EAD) announced, in collaboration with the Ministry of Education (MoE), Emirates Schools Establishment, and the Abu Dhabi Department of Education and Knowledge (Adek), that all schools in the emirate have now pledged to join EAD’s Sustainable Schools Initiative (SSI), globally recognised by the United Nations Environment Programme (UNEP). This initiative will ...

SHARJAH / WAM The Sharjah Executive Council (SEC) held on Tuesday its weekly meeting under the chairmanship of HH Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of SEC. The meeting discussed a number of topics on its agenda covering several topics, including progress of government work in the emirate, the development of ...

DUBAI / WAM The Mohammed bin Rashid Aerospace Hub (MBRAH) announces the signing of an agreement with Tim Investment that will launch an MRO hangar at Dubai South that caters to wide-body aircrafts. The signing ceremony took place at Dubai South HQ and was attended by Khalifa Al Zaffin, Executive Chairman of Dubai Aviation City Corporation and Dubai South, Tahnoon ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Ukhnaagiin Khurelsukh of Mongolia on the occasion of his 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 ...