April, 2022

• 28 April

  Deutsche Bank’s traders take Sewing closer to profit goal

  

    Bloomberg Deutsche Bank AG raised the outlook for its investment bank after fixed-income traders outperformed Wall Street peers for a seventh straight quarter, boosting Chief Executive Officer Christian Sewing in the final year of his turnaround plan. Revenue from buying and selling fixed-income securities rise 15% from a year earlier, beating the biggest US investment banks, where the business ...

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• 28 April

  Credit Suisse sheds more executives after another quarterly loss

  

  Bloomberg Credit Suisse Group reported a bigger-than-expected loss, parted ways with three senior executives and warned that the full damage from one of the most turbulent periods in its history is yet to be accounted for. The Zurich-based bank posted a net loss of 273 million Swiss francs ($284 million), in the first quarter driven by 703 million francs in ...

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• 28 April

  StanChart raises revenue outlook

  

    Bloomberg Standard Chartered (StanChart) Plc shares surged after it beat estimates in the first quarter and the lender said revenue would climb more this year than the previously predicted. Underlying pretax profit posted a surprise 4% rise to $1.5 billion in the period on a jump from its trading business, the London-based bank said in a statement on Thursday. Revenue ...

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• 28 April

  Meta shares increase 19% as Facebook returns to growth

  

  Bloomberg Shares of Facebook parent company Meta Platforms Inc. surged during pre-market hours on Thursday, a day after reporting its main platform added more users than projected in the first quarter, potentially staving off concerns that the company is losing momentum as a new generation flocks to younger sites like TikTok. The stock gained as much as 19% during pre-market ...

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• 28 April

  European shares gain on busy earnings day, trimming monthly drop

  

    Bloomberg European stocks advanced for a second day, trimming their monthly decline, as investors monitored a busy earnings day to gauge the companies’ ability to overcome inflationary and policy risks. The Stoxx Europe 600 Index was 1.3% higher by 9:39 am in London, with autos and technology sectors outperforming. Banks also rise as Standard Chartered Plc shares surged after ...

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• 28 April

  Sheikh Abdullah, John Kerry discuss climate change, Ukraine

  Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has discussed with John Kerry, the US Special Presidential Envoy for Climate, joint cooperation in the climate action and ways to enhance collective international action in facing the repercussions and challenges of climate change. In a phone call, the two officials ...

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• 27 April

  Rakbank’s net profit jumps by 93% in Q1

  

  Ras Al Khaimah / Gulf Time The National Bank of Ras Al-Khaimah (Rakbank) announced a consolidated net profit of AED220.1 million for Q1 2022, an increase of 93.1% compared to the first quarter of 2021. Total Income of AED726.9 million, decreased by 8.3% compared to the fourth quarter of 2021. As at March 31, total assets stood at AED 58.6 ...

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• 27 April

  UAE, Turkey discuss ways to foster business, investment partnerships

  

    Abu Dhabi / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade and Mohamed Mosh (Mehmet MuÅŸ), Minister of Trade of Turkey discussed different initiatives to foster business and investment partnerships between business communities of the two countries during a round table held on April 27 in Istanbul. The two ministers also discussed ways to ...

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• 27 April

  Arada completes its first residential phase at Aljada

  

    Sharjah / WAM Arada has reached a major milestone at the Sharjah megaproject ‘Aljada,’ with the completion of its first residential phase. The delivery of 278 homes in the last two Misk Apartment buildings at the mixed-use community brings the total number of units finished at Aljada to 1,482, said an Arada press release on Wednesday. The Misk Apartment ...

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• 27 April

  Emirates adds 23 extra flights for Eid holidays

    DUBAI / WAM With Eid Al Fitr approaching and more travellers planning to take to the skies, Emirates is stepping up its schedule by adding 23 flights and layering on additional seats with the deployment of both A380s and Boeing 777s between April 28 and May 8 to the four cities it serves in KSA, as well as to ...

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