Stocks, futures drop with focus on China, earnings

Bloomberg Stocks fall with US futures on Monday at the start of a busy week of earnings and policy updates, with China’s widening technology crackdown weighing on risk sentiment. Treasuries rise. Contracts on key US gauges slipped following a record close for Wall Street. European equities fall from an all-time high as carmakers and banks led losses. Shares in China ...

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Traders seek growth in emerging markets as recovery angst builds

Bloomberg Some of the assets most exposed to fears around the spread of the delta variant are luring traders with tempting signals of strength and stability. Emerging-market corporate earnings have outpaced estimates for the first time in 30 months amid an economic rebound in developing nations. Meanwhile, MSCI’s index of emerging currencies remains up this year, defying the declines seen ...

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Dubai records 6,388 real estate deals worth AED14.8b in June

DUBAI / WAM Dubai’s real estate sector recorded 6,388 sales transactions in June, worth AED14.79 billion, according to the 16th edition of Mo’asher, Dubai’s official sales price index. This was the highest value of sales in eight years, noted officials. The sales transactions in June 2021 were 44.33 percent higher, in terms of volume, and 33.2 percent higher in value ...

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Sharjah, Seoul explore fostering economic ties

SHARJAH / WAM The Sharjah Chamber of Commerce and Industry discussed with the Consulate-General of the Republic of South Korea in Dubai means of enhancing economic cooperation and commercial relations between companies and investment institutions operating in Sharjah and South Korea. They also discussed ways of supporting partnerships, along with investment opportunities available in information technology, healthcare, tourism, and culture. ...

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UAE leaders condole Chinese president over flood victims

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a message of condolences to President Xi Jinping of the People’s Republic of China on the victims of the floods in Henan province due to heavy rains. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of ...

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US, China head into first talks in months still trading blows

Bloomberg The US and China barreled into their first high-level talks since March trading sanctions and rhetorical barbs, raising the stakes for the effort to stabilise strained relations between the world’s two largest economies. Deputy Secretary of State Wendy Sherman, the US’s No. 2 diplomat, is set to meet Foreign Minister Wang Yi on Monday in Tianjin, about 60 miles ...

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Hub71 to endorse tech talent for golden visas

ABU DHABI / WAM Hub71, Abu Dhabi’s global tech ecosystem, has been selected by the Abu Dhabi Residents Office (ADRO), a division of the Department of Economic Development (Added), to endorse exceptional tech talent for their Entrepreneur Golden Visa from Abu Dhabi. Hub71 will review, evaluate and issue endorsement letters to entrepreneurial talent for the Entrepreneur Golden Visa based on ...

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Dubai hosts 270 sporting events in H1

DUBAI / WAM Dubai has hosted 270 local and international sporting events during the first half of 2021, with the support, oversight and cooperation of the Dubai Sports Council. The council announced its figures and statistics on sporting events held from January 1 to June 30, which included international tournaments, social events, women’s sporting events, conferences, exhibitions and virtual events ...

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Seha introduces specialised Saturday clinics

Abu Dhabi / WAM Abu Dhabi Health Services Company (Seha) has announced the opening of additional specialised clinics on Saturdays across Ambulatory Healthcare Services (AHS), Sheikh Khalifa Medical City (SKMC), Al Dhafra Hospitals, and Sheikh Shakhbout Medical City (SSMC). The clinics available on Saturdays across the network include pediatrics, obstetrics and gynecology, gastroenterology, cardiology, psychiatry, dentistry, ophthalmology, orthopedics, ENT, dermatology, ...

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UAE delegation visits Saudi Arabia to bolster anti-money laundering efforts

Abu Dhabi / WAM A UAE official delegation headed by Ahmed Ali Al Sayegh, Minister of State, and Khaled Mohammed Balama, Governor of the central bank of the UAE, visited the Kingdom of Saudi Arabia. Dr Fahd bin Abdullah Al-Mubarak, Governor of the central bank of Saudi Arabia and Chairman of the Anti-Money Laundering Permanent Committee, received the delegation. The ...

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