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  Bloomberg Chinese tech stocks slumped on Friday amid continued concern about the sector’s earnings and the risk of local firms being kicked off American exchanges. The Hang Seng Tech Index slid 5% in afternoon trading, the most in over a week. Delivery giant Meituan plunged 8.2% as investors had worried about the company’s growth ahead of its fourth-quarter results. ...

Bloomberg European stocks were set for their first weekly drop in three, as investors consider concerns over the surging inflation and the war in Ukraine hurting growth in the region. The Stoxx 600 Index was down less than 0.1% in London, with banks and energy sectors among the biggest decliners. Real estate and retail stocks outperformed. Last week, the European ...

Bloomberg Russian equities erased earlier advance and fall during the second day of limited trading after a record long shutdown of the country’s stock market. The MOEX Russia Index was down 2.9% by 12:18 pm in Moscow after earlier rising as much as 3.3%. Gas giant Gazprom PJSC led losses after the US and the European Union reached a deal ...

  Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec) announced on Thursday the start of commercial operations of Unit 2 at the Barakah Nuclear Energy Plant. Unit 2 adds 1,400 megawatts of zero-carbon emission electricity to the national grid, bringing the total produced by Units 1 and 2 to 2,800 megawatts and further securing energy supply and advancing ...

  DUBAI / WAM Dubai Electricity and Water Authority PJSC (Dewa or “the company” or “the group), the exclusive provider of electricity and potable water in Dubai and the majority owner of Empower, the world’s largest district cooling services operator by connected capacity, announced the price range and start of the subscription period for its initial public offering (IPO or ...

  ABU DHABI / WAM Khaldoon Khalifa Al Mubarak, Chairman of the Board of Directors of Emirates Nuclear Energy Corporation (Enec), has said that with the commencement of Unit 2 commercial operations of the Barakah Nuclear Energy Plant in Abu Dhabi, the UAE is demonstrating the transformative effect of nuclear energy on the country’s clean energy transition. In a statement ...

  DUBAI / WAM Dr Anwar Gargash, Diplomatic Adviser to the UAE President, met the ambassadors of the member states of the Association of Southeast Asian Nations (Asean) accredited to the UAE. The meeting reviewed the friendship and cooperation relations between the UAE and Asean countries and ways to develop them across various fields further. It also touched upon regional ...

  DUBAI / WAM The UAE is an essential digital economy partner for Latin America, according to industry leaders speaking at fourth edition of the Global Business Forum Latin America (GBF Latam 2022) in Dubai. A panel session at the forum entitled Empower – Fostering A Digital Economy was joined by Min Chen, co-founder and Chief Executive Officer of Wisy, ...

  Abu Dhabi / Gulf Time AD Ports Group on Thursday released its audited 2021 financial results for the 12 months ended December 31, 2021, following on from the announcement of its preliminary financial results in February 2022. The group reported revenue growth of 14% year-on-year to AED3.9 billion in 2021, compared with AED3.4 billion in 2020, driven by volume ...

  DUBAI / WAM The International Property Show (IPS) 2022 kicked off at the Dubai World Trade Centre in a strategic partnership with Dubai Land Department (DLD), witnessing the attendance and participation of hundreds of international real estate exhibitors and over 600 international real estate investors. The exhibition will run until March 26 and aims to shed light on new ...