April, 2023

• 17 April

  Euro area’s blue-chip index eyes highest level since 2007

  

  BLOOMBERG The euro area’s blue-chip index is finally set for its highest close since the global financial crisis. The Euro Stoxx 50 gained as much as 0.3% on Monday, putting it on track to close at its highest level since December 2007, before trading little changed in London. TotalEnergies SE, Airbus SE and Prosus NV outperformed. The gauge got a ...

  Read More »
• 17 April

  Morgan Stanley strategist sees US stock rally at risk

  

  BLOOMBERG The rally in the S&P 500 has been driven by only a handful of stocks, putting the index at risk of fresh lows if bond yields rise, according to Morgan Stanley’s Michael Wilson — one of the most bearish voices on Wall Street. The percentage of stocks outperforming the S&P 500 on a three-month rolling basis is the lowest ...

  Read More »
• 17 April

  Harmony Medical Group holds iftar party, celebrates accreditation in global healthcare

  

  ABU DHABI / GULF TIME Harmony Medical Group, which specialises in dentistry, and pioneers in the health scene in the UAE capital, Abu Dhabi, held a special iftar party at the Four Seasons Hotel, Al Maryah Island, Abu Dhabi. The event was attended by Their Excellences: Sheikh Ahmed bin Hamdan bin Mohammed Al Nahyan, and Sheikh Nasser bin Mohammed Al ...

  Read More »
• 17 April

  Experience fun-filled Eid festivities at IMG Worlds of Adventure

  

  DUBAI / GULF TIME Get ready to be blown away by the ultimate Eid celebration at IMG Worlds of Adventure! Brace yourself for an unforgettable adventure at the bright, feisty 1.5 million square feet of the temperature-controlled indoor theme park with 6 epic zones. It is all set to take you on a thrilling journey filled with excitement and wonder. ...

  Read More »
• 17 April

  Take your family to the moon this Eid at OliOli

  

  DUBAI / GULF TIME Celebrations are starting early at OliOli(R) with the return of the iconic Museum of the Moon, to mark the last days of Ramadan and the joyous Eid al Fitr. The 5-meter replica of the moon, created by world-renowned artist Luke Jerram, will take over OliOli(R)’s Creative Lab, where families are invited to bask in the glory ...

  Read More »
• 17 April

  Regional US banks weigh costly bond sales as depositors exit

  

  BLOOMBERG Beleaguered US regional banks are assessing whether bond sales to replace lost deposits are worth the cost, as credit investors weigh whether they’re worth the risk. The arrival of quarterly bank earnings reports has spurred speculation on which financial institutions will brave an unpredictable bond market. Average corporate note yields jumped above 6% in the past 12 months and ...

  Read More »
• 17 April

  Swiss National Bank can’t exclude further tightening, says Jordan

  

  BLOOMBERG The Swiss National Bank (SNB) may need to raise borrowing costs more, according to President Thomas Jordan. “We can’t exclude that we might have to tighten monetary policy again,” Jordan told reporters in Washington, where he’s attending meetings of the International Monetary Fund (IMF) and World Bank. The SNB has increased interest rates by 225 basis points in the ...

  Read More »
• 17 April

  ‘ECB should slow and pause interest rate hikes in May’

  

  BLOOMBERG A quarter-point increase in interest rates is the most the European Central Bank (ECB) has to deliver at its next meeting, Governing Council member Mario Centeno said, playing down concerns over the strength of underlying inflation. Either a pause, or a slowdown in the pace of hikes is possible as headline price gains in the euro zone retreat and ...

  Read More »
• 17 April

  Former Sudanese PM says Sudan is at ‘catastrophic’ moment, calls for immediate cease of hostilities, return to dialogue

  

  ABU DHABI / WAM Former Sudanese Prime Minister Abdallah Hamdok warned in Abu Dhabi on Sunday that Sudan is at a ‘“catastrophic” moment as a result of the ongoing war and called the Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF) to immediately cease hostilities and announce a truce that allows safe corridors for citizens to move and ...

  Read More »
• 17 April

  Sheikh Hamdan bin Mohammed launches Hub Nub app in Dubai

  

  DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, announced the launch of the Hub Nub app, a new government communications mechanism that facilitates instant, reliable and effective communication between Dubai government leaders and decision makers. Developed by Digital Dubai, the Hub Nub app serves ...

  Read More »