BLOOMBERG  US consumer borrowing increased in March by more than expected on one of the largest spikes in credit-card balances on record. Total credit increased $26.5 billion, the most in four months, after a February gain of $15 billion, Federal Reserve data showed. The figure, which isn’t adjusted for inflation, compared with the median estimate of a $17 billion increase ...

BLOOMBERG US equity futures ticked higher and European stocks rose as more investors said the Federal Reserve is likely to pause interest-rate hikes on the back of cooling inflation data. Contracts on the S&P 500 and the Nasdaq 100 advanced by about 0.3%. In US premarket trading, Walt Disney Co dropped after predicting a wider loss for its streaming service ...

BLOOMBERG Less than four months after allegations of fraud by a short seller tipped his business empire into crisis, billionaire Gautam Adani is considering tapping equity markets in a major test of investor confidence. Adani Enterprises Ltd, the Indian tycoon’s flagship, and at least two other group companies plan to hold board meetings on May 13 to consider raising funds ...

RAS AL KHAIMAH / WAM HH Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, on Thursday received at his palace at the Saqr bin Mohammed City, Radha Krishna Panday, Ambassador of Canada to the UAE, who called on him on the occasion of the beginning of his tenure. He was accompanied by the ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, will travel to Paris, France on Thursday, 11th May, for a working visit. His Highness will meet with French President Emmanuel Macron. The visit is an opportunity for the two leaders to reinforce and expand the longstanding strategic partnership between the UAE and France, ...

SHARJAH / WAM H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, opened, on Wednesday, the revamped, newly developed, and modernised Sharjah Planetarium at the Sharjah Academy for Space and Astronomy Science and Technology, in the presence of H.H. Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and President of ...

ABU DHABI / WAM The Central Bank of the UAE (CBUAE)’s robust policy framework provided the foundation to achieve the targeted economic outcomes for the country, as the UAE recorded an estimated GDP growth of 7.6% in 2022, affirmed His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Minister of the Presidential Court, and Chairman of ...

DUBAI / WAM  The President of the United States Joe Biden extended his appreciation to the United Arab Emirates for their fruitful partnership with the United States in organising the “Agriculture Innovation Mission for Climate” initiative (AIM for Climate / AIM4C) ). This collaborative effort focuses on doubling investment in climate-smart agriculture and advancing global food system innovation, highlighting the ...

ABU DHABI / WAM The UAE Climate Tech forum, with the participation of over 1,000 policymakers, CEOs, experts, specialists, technology sector leaders and investors from around the world, kicked off on Wednesday at the Abu Dhabi National Exhibition Centre. The two-day event, organised by the Ministry of Industry and Advanced Technology (MoIAT) in partnership with Adnoc and Masdar, coincides with ...

ABU DHABI / WAM Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and COP28 President-Designate, on Wednesday called for collective climate action from global leaders to transform, decarbonise and future-proof economies. Dr Al Jaber was speaking to over one thousand global policymakers, innovators, and industrial leaders at the UAE Climate Tech conference in Abu Dhabi with a ...