BLOOMBERG Domestic institutional investors are on track for their biggest monthly exodus from Indian stocks in two-and-a-half years, another warning sign on the longevity of the record rally in the $3.7 trillion market. Local funds, insurers and banks have sold a net $1.1 billion worth of shares so far in July, the most since February 2021, according to data compiled ...

BLOOMBERG The pound weakened and global bonds rallied after inflation in Britain slowed more than expected, reviving speculation about how many more times the Bank of England (BOE) will increase interest rates. Stocks in the UK and Europe advanced. The UK Consumer Prices Index was 7.9% higher than a year ago in June, a sharp drop from the 8.7% reading ...

DUBAI / WAM Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, witnessed the launch of the 11th National Dialogue for Climate Ambition, organised by the Ministry under the slogan “Accelerating the Shift; Decarbonising Ground Mobility” in collaboration with Emirates Driving Company. The 11th edition of the dialogue targets the transport sector and enhances its sustainability and participation ...

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Tuesday received a phone call from Shehbaz Sharif, Prime Minister of the Islamic Republic of Pakistan. His Highness and Sharif discussed bilateral relations between the two countries and ways to enhance them to advance their development ambitions. Prime Minister Sharif expressed his appreciation to His Highness Sheikh Mohamed ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has met with Nabil Ammar, the Tunisian Minister of Foreign Affairs, Migration and Tunisians Abroad. During the meeting, which took place at Qasr Al Shati in Abu Dhabi, Mr Ammar conveyed a message from Kais Saied, the President of the Republic of Tunisia, who extended his ...

ABU DHABI / WAM In a new major step to enhance Emirati students’ access to quality early learning services, Abu Dhabi Department of Education and Knowledge (Adek) has unveiled its plans to launch 10 new public nurseries over two years with a total capacity of over 4,000 seats as part of its Public Nurseries Project, which was approved by the ...

GUJARAT / WAM Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, headed the UAE delegation participating in the third G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in Gandhinagar, Gujarat. The meeting discussed the progress made under the G20 priorities set by the Indian presidency for the year 2023. During the meeting, Mohamed Al Hussaini reiterated ...

ABU DHABI / WAM Abu Dhabi Future Energy Company PJSC (Masdar), the UAE’s clean energy powerhouse, has teamed up with Inpex, a leading Japanese energy company, to explore establishing an Abu Dhabi-based project to produce e-methane, a fuel source, using green hydrogen and carbon dioxide. The agreement was signed during the Japan-UAE Business Forum, in Abu Dhabi, and witnessed by ...

DUBAI / WAM In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has issued Law No. (16) of 2023 regulating urban planning in Dubai. The law seeks to develop an integrated and effective urban planning system that encourages investment, sustainable development, prosperity and improves the ...

ABU DHABI / WAM HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of Emirates Red Crescent (ERC), was briefed about the progress of the ERC’s developmental projects in Syria, which are aimed at assisting those affected by the earthquake that hit the country in February. During a phone call with the ERC delegation ...