May, 2021

• 6 May

  ANZ bank profit rises by $2.3bn

  Bloomberg Australia & New Zealand Banking Group Ltd’s (ANZ) first-half profit climbed as the lender wound back bad debt provisions made during the pandemic and the country’s economic recovery builds. Cash earnings from continuous operations rose to A$3 billion ($2.3 billion) in the six months through March 31, compared with A$1.4 billion in the same period a year earlier, according ...

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• 6 May

  RBNZ to tighten lending further as house prices soar

  

  Bloomberg New Zealand’s central bank (RBNZ) said it’s prepared to further tighten mortgage lending restrictions if needed to rein in the country’s red-hot housing market. The Reserve Bank would use loan-to-value ratios or new tools currently under consideration to restrict the amount of money banks can lend for house purchases, the RBNZ said in its semi-annual Financial Stability Report on ...

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• 6 May

  European stocks, futures rebound after tech drop

  

  Bloomberg European stocks and US futures rebounded from the sell-off in technology shares as focus turned to positive earnings and signs of economic recovery from the pandemic. The Stoxx 600 Index jumped more than 1%, with miners and travel shares among the benchmark’s biggest gainers. Tech stocks bounced back from Tuesday’s rout sparked by fears of quickening inflation. Shares of ...

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• 6 May

  India stocks rise as RBI unveils support to cope with Covid-19

  

  Bloomberg India stocks rise after the central bank unveiled measures to further support the economy as coronavirus cases continue to surge. The S&P BSE Sensex gained 0.4% to 48,452.56, as of 11:33 am in Mumbai, while the NSE Nifty 50 Index advanced by the same magnitude. Thirteen of the 19 sector sub-indexes compiled by BSE Ltd climbed, led by a ...

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• 5 May

  Khalifa Foundation provides aid to displaced Iraqis in Debaga camp

  

  ERBIL / WAM The Khalifa bin Zayed Al Nahyan Foundation, in cooperation with the Consulate General of the UAE in the Iraqi Kurdistan region, has provided financial assistance to the displaced Iraqis in the Debaga camp located on the outskirts of Erbil Governorate. The move aimed at alleviating the displaced suffering in the face of the difficult conditions, especially in ...

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• 5 May

  Saudi Aramco’s Q1 profit soars 24% to $21 billion

  

  Bloomberg Saudi Aramco’s profit soared in the first quarter following a recovery in global oil and gas markets, though free cash flow remained too low to fully cover dividend payments. The world’s biggest energy firm kept its quarterly payout at $18.75 billion. The money is a vital source of cash for the kingdom. The bumper results follow those last week ...

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• 5 May

  UAE extends suspension of entry for travellers from India

  Abu Dhabi / WAM The General Authority of Civil Aviation and the National Emergency Crisis and Disasters Management Authority announced the extension of the suspension of entry for travelers from India on all flights on national and foreign carriers, as well as for transit passengers coming from India, with the exception of transit flights traveling to the UAE and bound ...

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• 5 May

  Adnoc’s new initiative to drive efficiencies in tendering process

  

  ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) announced on Tuesday, it has successfully implemented an innovative initiative to drive efficiencies in its tendering process. This programme supports Adnoc’s ongoing efforts to enhance its approach to procurement and maximise value for Adnoc and its community of suppliers and service providers. The programme standardises the terms and conditions ...

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• 5 May

  flydubai grows network to more than 80 destinations

  

  Dubai / WAM flydubai announced on Tuesday the launch of additional routes bringing its network to more than 80 destinations. The carrier will grow its network in Russia to 11 points with the introduction of new services to Moscow Zhukovski International Airport (ZIA) from May 12, Novosibirsk Tolmachevo International Airport (OVB) from May 28 and Perm International Airport (PEE) from ...

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• 5 May

  Waha Capital Q1 profit hits AED111mn

  Abu Dhabi / WAM Waha Capital on Tuesday announced its results for the first quarter of 2021. The company delivered an overall Q1 profit of AED 111 million as both the Public Markets and Private Investments businesses demonstrated robust performance, while the global economic outlook continued to improve due to Covid-19 vaccination efforts. According to financial statement, the public markets ...

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