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  Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX) has announced the offering of future contracts on the FTSE ADX 15 (Fadx 15) Index for trading on its financial derivatives platform. The Futures are the first index derivatives to be listed on ADX as the exchange accelerates efforts to bolster market liquidity and attract more global investors. Fadx ...

  ABU DHABI / WAM G42 Healthcare, an Abu Dhabi-based leading health tech company and subsidiary of G42, an artificial intelligence and cloud computing company located in Abu Dhabi, signed a letter of intent (LOI) with global biopharmaceutical company, AstraZeneca, in the presence of the Department of Health – Abu Dhabi (DoH), to expand their collaboration into the domains of ...

Bloomberg The secretary of Russia’s Security Council threatened retaliation in a growing standoff with the European Union after Lithuania blocked the transit of sanctioned goods to the Baltic exclave of Kaliningrad. Russia “will certainly respond to such hostile actions” and appropriate measures will be taken soon, Nikolai Patrushev, a close ally of President Vladimir Putin, said Tuesday in comments from ...

  Bloomberg Corporate distress in Europe’s biggest markets is near a two-year high as inflation and higher interest rates squeeze indebted firms. Companies in Germany, the UK, France, Spain and Italy are the most distressed since August 2020, according to the Weil European Distress Index. The study aggregates the data from more than 3,750 listed European firms. “If this upward ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the opening of Expo City Dubai, this coming October. The new city is an ideal smart and futuristic destination for business and innovation, driven by sustainability, innovation, education and entertainment. His Highness Sheikh Mohammed bin ...

  Abu Dhabi / WAM Emirates Steel Arkan announced on Monday its participation in the “Make it in the Emirates” forum, where it will highlight its contribution to the country’s industrial output and showcase new products, including the recently introduced ES600 rebar. The forum, which is the first of its kind in the UAE, will bring together more than 1,300 ...

  ABU DHABI / WAM Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) has ranked 30th globally in its areas of focuses, including artificial intelligence, computer vision, machine learning, and natural language processing, in CSRankings list. MBZUAI ranking puts it ahead of several renowned research universities worldwide, such as University of Michigan, Georgia Tech, and University of Toronto in North ...

Bloomberg Colombia is bracing for the prospect of a radical change in economic and political direction after electing a former guerrilla to the presidency on a platform of transforming the country’s business-friendly model. Gustavo Petro, 62, defeated construction magnate Rodolfo Hernandez in Sunday’s runoff vote, giving him a shot at enacting a program that includes plans to tax big landowners, ...

Bloomberg President Emmanuel Macron made history in the French legislative elections, just not in the way he hoped. The 44-year-old centrist became the first president in decades to fail to garner an absolute majority in parliament, falling short of the 289-seat threshold. His alliance, however, will still remain the largest bloc. That means that while Macron may be able to ...

  Abu Dhabi / WAM Emirates Development Bank (EDB), will be participating in the first Make it in the Emirates Forum on June 21-22 at Adnoc Business Centre, Abu Dhabi, organised by the Ministry of Industry and Advanced Technology in cooperation with the Abu Dhabi Department of Economic Development (Added). As a key partner in the ministry’s efforts to empower ...