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Luxury rally boosts Europe stocks; US futures advance

BLOOMBERG    Stocks rose as investors found confidence in strong earnings from Cartier maker Richemont and signs that US lawmakers are making progress on a deal to raise the debt-ceiling. The dollar strengthened. Richemont gained as much as 7.8% to a record, fuelling a broad rally across European luxury stocks. S&P 500 futures edged higher after President Joe Biden and House ...

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UAE President, French President hold talks to further strengthen strategic partnership

PARIS / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan On Thursday met with French President Emmanuel Macron in Paris. The two leaders reviewed the longstanding strategic partnership between the UAE and France and explored opportunities to expand collaboration across various sectors. During the meeting, which took place at the Élysée Palace, the French President welcomed the ...

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Microsoft president delivers Masterclass on generative AI

DUBAI / WAM The Federal Authority for Government Human Resources (FAHR) held a virtual Masterclass session entitled “Demystifying Generative AI” aiming to familiarise its top talent with generative artificial intelligence. The session, led by Brad Smith, Vice Chair and President of Microsoft, was attended by government employees across several federal entities and held under “Jahiz”, an integrated national initiative launched ...

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UAE’s e&, Britain’s Vodafone form strategic partnership

ABU DHABI / WAM e& and Vodafone Group Plc on Thursday announced that they have agreed to a strategic relationship that will bring the two operators closer together in certain aspects of their businesses. As part of this strategic relationship, e& and Vodafone have entered into a relationship agreement that establishes e& as a cornerstone shareholder of Vodafone. This is ...

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European Union celebrates ‘Europe Day’ in Emirates

ABU DHABI / WAM The European Union (EU) delegation to the United Arab Emirates hosted a diplomatic reception in Abu Dhabi to celebrate the 73rd ‘Europe Day’, with UAE partners, government officials, key figures and members of the diplomatic community and international organisations. Held at the Park Hyatt Abu Dhabi Hotel, the event was attended by Ayesha Bin Suwaidan, Director of ...

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Masdar, Irena partner to triple global renewable energy capacity by 2030

ABU DHABI / WAM Abu Dhabi Future Energy Company PJSC — Masdar, one of the world’s leading clean energy companies, has signed an agreement with the International Renewable Energy Agency (Irena) to cooperate on a major international knowledge project setting out the means to triple global renewable energy capacity by 2030. During the UAE Climate Tech Forum in Abu Dhabi, ...

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