BLOOMBERG The rally in global shares paused in quiet trading as US markets were shut for a holiday. Europe’s benchmark Stoxx 600 edged higher on trading volume that was a quarter lower than the 30-day average. Real estate shares climbed, while J Sainsbury Plc fell as the UK grocer’s unchanged pretax profit forecast underwhelmed analysts. In Asia, Japan’s Nikkei 225 ...

BLOOMBERG South Africa will require that crypto exchanges in the country operate with licenses by the end of the year, according to the country’s financial regulator. The Financial Sector Conduct Authority (FSCA) has received about 20 applications since opening for licenses a few weeks ago, with more expected before the deadline of November 30, FSCA Commissioner Unathi Kamlana said in ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, chaired the UAE Cabinet meeting at Qasr Al Watan, Abu Dhabi, in the presence of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court; HH Sheikh Maktoum bin ...

ABU DHABI / WAM Adnoc Gas plc on Monday announced the award of $1.34 billion in contracts to Petrofac Emirates LLC and the Consortium between National Petroleum Construction Co PJSC and CAT International Ltd for the expansion of its natural gas pipeline network. Under the sales gas pipeline network enhancement (ESTIDAMA) programme, the new pipeline will extend Adnoc Gas’ existing ...

ABU DHABI / WAM The UAE strongly condemned the attacks by the Israeli occupation forces on the Palestinian city of Jenin and its camp through air strikes and shootings, which resulted in deaths and injuries. In a statement, the Ministry of Foreign Affairs (MoFA) called for the immediate halt of repeated and escalating campaigns against the Palestinian people, and urged ...

VIENNA / WAM Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, said the Organisation of the Petroleum Exporting Countries (Opec) and its allies in Opec + always strive to ensure balance in market fundamentals between supply and demand, to avoid an accumulation in global oil inventories that could lead to instability and speculative activities in global markets. In ...

BLOOMBERG  The snake and armadillo-filled scrublands of Northeastern Brazil’s Serra da Babilonia, or Hills of Babylon, are as stunning as a first-rate national park. It’s here where renewable energy is transforming Brazil, and where the country’s green hydrogen economy is getting off the ground. Wind developer Casa dos Ventos just installed 80 turbines. The towers churn out enough power for ...

RAS AL KHAIMAH / WAM Ras Al Khaimah Economic Zone (Rakez) and the Indian Chamber of Food and Agriculture (Icfa) signed a memorandum of understanding (MoU) aimed at fostering mutual growth and development within the food and agriculture sectors of the UAE and India. The MoU was signed by Group CEO of Rakez Ramy Jallad and Icfa Chairman Dr MJ ...

SHARJAH / WAM Sharjah Art Foundation (SAF) is offering a wide range of educational and engaging activities for children and adults this summer. The Summer School programme, which runs from July 8 to August 28, will enhance the artistic and crafting skills of the participants through technical courses and workshops led by experienced artists. Offered in English and/or Arabic, the ...

ABU DHABI / WAM Dr Salem Suhail Al Neyadi presented his credentials to Louise Mushikiwabo, Secretary-General of Organisation internationale de la Francophonie (OIF), as UAE ambassador to the organisation during the official reception ceremony that took place at the organisation’s headquarters in the French capital, Paris. Al Neyadi is the first UAE ambassador to the Organisation internationale de la Francophonie, ...