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BLOOMBERG US index futures and global stocks rose amid signs inflation expectations are receding and central banks are no longer in a rush to accelerate monetary tightening. Contracts on the S&P 500 and Nasdaq 100 indexes added at least 0.3% each. MSCI Inc’s benchmark for world equities climbed for a seventh day. Crude oil extended gains as an Opec+ plan ...

BLOOMBERG A risk-on mood fuelling this year’s equities rally is likely to falter, with headwinds from bank turbulence, an oil shock and slowing growth poised to send stocks back towards their 2022 lows, according to JPMorgan strategist Marko Kolanovic. “The Fed indicated no intention to cut interest rates this year, yet risk assets are exhibiting an unprecedented rally, with European ...

ABU DHABI / GULF TIME Bloom Holding, one of the UAE’s foremost real estate development companies, has announced the appointment of Edrafor Emirates LLC as the enabling works contractor for Toledo, phase two of the fully integrated and all-inclusive residential community, Bloom Living. Toledo comprises 405 units ranging from two-and three-bedroom townhouses with sizes starting from 120 sqm to 171 ...

ATHENS / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met with Kyriakos Mitsotakis, Prime Minister of the Hellenic Republic, in the Greek capital, Athens. The UAE top diplomat conveyed the greetings of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and his wishes for progress and prosperity to the Hellenic Republic ...

ABU DHABI / WAM Edge will participate for the first time at Laad Defence & Security 2023 (LAAD) in Rio de Janeiro, Brazil, from April 11-14. The biennial event is Latin America’s largest and most important defence and security trade show. The group will showcase its diverse product portfolio, focussing on autonomous systems, smart weapons, and electronic warfare. In addition, ...

VIENNA / WAM The 48th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Monday. The committee reviewed the crude oil production data for the months of January and February 2023 and noted the overall conformity for participating Opec and non-Opec countries of the Declaration of Cooperation (DoC). The members of the JMMC reaffirmed their commitment ...

ABU DHABI / WAM Abu Dhabi Convention and Exhibition Bureau (ADCEB), part of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), has signed a memorandum of understanding (MoU) with Adnec Group, owner and operator of the prominent exhibition venue in the Middle East, the Abu Dhabi National Exhibition Centre, in a strategic step towards its future ...

SHARJAH / WAM Sharjah Airport welcomed a delegation from the Arab Civil Aviation Organisation (ACAO) that examined various impactful initiatives, practices, and strategies undertaken at the airport to achieve sustainability. The parties also exchanged expertise and knowledge in the field of sustainability, highlighting the airport’s commitment to social responsibility, which has been reflected in the extensive adoption of sustainable practices ...

SHARJAH / WAM Marking a significant contribution to the preservation of Arab and Islamic cultural heritage, His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has directed the restoration of eight rare Arabic books housed at El Escorial Library in Spain. The restoration project is part of His Highness’s efforts to preserve the ...

FUJAIRAH / WAM His Highness Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah, received, in his office in the Emiri Court, Salem bin Khalid Al Qassimi, Minister of Culture and Youth, and his delegation. During the meeting, His Highness Sheikh Mohammed was briefed about the plans, programmes and projects of the Ministry of Culture and Youth, which ...