BLOOMBERG Stocks fell with US Treasuries as the second-quarter (Q2) rally met resistance from economic headwinds and signs that positioning is overbought.The chemical industry led declines in Europe after Lanxess AG slumped as much as 15% on a profit warning, dragging shares of peers including BASF SE lower. Drug maker Sanofi gained the most since March after a favourable arbitration ...

ABU DHABI / WAM H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Red Crescent (ERC), reaffirmed the UAE’s dedication to standing by refugees around the world. Sheikh Hamdan made the remarks on the occasion of the annual World Refugee Day, observed worldwide on 20th June, “Under the directives of President His ...

ABU DHABI / WAM Etihad Airways, the national airline of the UAE, touched down for the first time in Lisbon, marking the launch of regular services between Abu Dhabi and the Portuguese capital. The inaugural flight, EY63, was celebrated at Abu Dhabi Airport before take-off with Fernando Figueirinhas, ambassador of the Republic of Portugal to the UAE, and Chris Hedlin, ...

DUBAI / WAM Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region, today announced it will build the “Dubai AI & Web 3.0 Campus”, the largest cluster of Artificial Intelligence and tech companies in the Mena region. The announcement comes in implementation of the directives of HH Sheikh Maktoum ...

ABU DHABI / WAM Al Maryah Community Bank (Mbank), in collaboration with Khalifa Fund for Enterprise Development, announced the launch of its Corporate Banking Platform. The platform offers all types of businesses the ability to open a fully digital business bank account through the Mbank UAE mobile application in six steps with zero minimum balance, and zero monthly fees; revolutionising ...

ABU DHABI / WAM Mubadala Investment Company on Monday announced a landmark partnership between its investee companies, Princeton Digital Group (PDG) and Tata Power Renewable Energy Limited for the supply of clean electricity to one of PDG’s flagship data centres in India. Under the terms of the agreement, PDG, a leading Pan-Asia data centre operator, and Tata Power Renewables, one ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Monday met with George Vella, President of Malta, who is on an official visit to the UAE. At the start of the meeting, which took place at Al Shati Palace in Abu Dhabi, His Highness welcomed President Vella and his accompanying delegation. He expressed the ...

DUBAI / GULF TIME  Myko Kids is thrilled to announce the launch of its new babywear line that is now available online in the UAE and across the GCC. With plenty of adorable outfits and accessories that are soft to the touch, Myko’s key focus is offering parents a homegrown brand alternative, with beautifully crafted, eco-friendly and sustainable garments and ...

DUBAI / GULF TIME A brand new baby sensory company has been launched in Dubai. Mini Explorers offers immersive sensory development classes for little ones, with sessions taking place in convenient, community-based locations across the emirate. What’s more curious than a growing baby or toddler? As our little ones explore and discover, they learn about the exciting world around them. ...

ABU DHABI / GULF TIME Homegrown kidswear brand, Cheekee Munkee, expands its offering with the launch of its Spring-Summer 2023 collection across the UAE, Kuwait and Saudi Arabia. Celebrating the spirit of the season with an added splash of bright colours, joy and vibrance, the new range includes trendy and comfortable kidswear for girls and boys between the ages of ...