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Bloomberg Indian stocks jumped to an all-time high as strong corporate earnings and a return of foreign investors bolsters one of the world’s top-performing major markets of the year. Joining a global rally sparked by a softer-than-expected US inflation reading, the S&P BSE Sensex Index jumped 2% to close at 61,795.04 on Friday, eclipsing a previous record reached on October ...
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November, 2022
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11 November
Chinese stocks in US rise on watershed moment for Covid Zero policy
Bloomberg Chinese stocks listed in the US soared after Beijing made significant changes to the stringent Covid Zero policy that has bogged down the economy and dented appetite for the country’s equities. The KraneShares CSI China Internet Fund, an exchange-traded product holding more than 40 Chinese stocks, jumped 5.1% in premarket trading. Stocks that are most sensitive to an economic ...
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11 November
UAE President, King of Bahrain discuss enhancing cooperation
Sakhir / WAMÂ Â President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Thursday discussed with His Majesty King Hamad bin Isa Al Khalifa of Bahrain the deep-rooted ties between their countries and ways to enhance their cooperation and expand its scope to advance their mutual interests. His Majesty King Hamad welcomed His Highness Sheikh Mohamed, wishing him continued good ...
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11 November
Adio, Noon to build UAE’s largest fulfilment centre in Abu Dhabi
Abu Dhabi / WAM Noon.com announced that it will build the UAE’s largest fulfilment centre in Abu Dhabi as part of an anchor investment into the emirate’s fast-growing e-commerce space. The 252,000 square metres mega facility is the result of a partnership between the Abu Dhabi Investment Office (Adio) and Noon, and will generate thousands of jobs and fuel the ...
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11 November
Enoc, Japan’s firm partner to explore green ammonia production in UAE
Dubai / WAM  Dubai’s Enoc group and Japanese heavy-industry manufacturer IHI Corporation signed a memorandum of understanding to explore establishing a low-carbon hydrogen and low-carbon ammonia supply chain in the UAE. The move is aligned with the UAE’s overall efforts to diversify its energy sources to transition into a clean energy model for the world to emulate. The produced fuel ...
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11 November
Ajman, Serbia discuss enhancing cooperation
Ajman / WAMÂ Â Â Â Ajman Business Women Council (AJBWC) received an economic delegation from the Serbian Businesswomen Council, with the aim of discussing partnerships, enhancing joint cooperation, and exchanging experiences, best practices, and initiatives that support entrepreneurship and promote micro, small, and medium enterprises. Dr. Amna Khalifa Al Ali, Board member of the Ajman Chamber of Commerce and Industry (ACCI) and ...
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11 November
Taaleem IPO subscription opens at AED2.95, AED3.00 per share
Dubai / WAM Taaleem Holdings on Thursday announced the price range and start of the subscription period for its initial public offering (IPO) on the Dubai Financial Market (DFM). Alan Williamson, Chief Executive Officer of Taaleem, said, “We have seen strong interest in our IPO since announcing our Intention to Float on October 31. Today, we are pleased to open ...
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11 November
Salik reports net profit of AED242m in Q3 ’22
Dubai / WAM Salik Company announced that it achieved a net profit of AED242 million in the third quarter of 2022, with revenues increasing 9.1 percent year-on-year (YoY) to AED445 million, driven by solid operational performance reflecting positive economic activity and growth in traffic, while Ebitda reached AED 291 million, yielding a strong margin of 65.4 percent. During its meeting ...
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11 November
Sharjah real estate deals reach AED16.6b in 9 months of 2022
Sharjah / WAM Sharjah Real Estate Registration Department (SRERD) issued a report on the results of real estate transactions for the period ending September 30, revealing that cash trading volumes of the emirate’s real estate transactions amounted to AED 16.6 billion. 65,314 total transactions were carried out, distributed among the various cities and regions of Sharjah, including 5,335 sales transactions ...
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11 November
Zaki Nusseibeh: Emirati media produces globally competitive content
Abu Dhabi / WAM Zaki Nusseibeh, Cultural Adviser to the UAE President and Chancellor of the United Arab Emirates University (UAEU), highlighted the importance of the World Media Congress 2022, to be held from November 15-17, as a way for demonstrating the UAE’s exceptional capability to stage international exhibitions. The congress is being held under the theme ‘Shaping the Future ...
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