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Bloomberg China’s stocks slumped, as a neutral lending stance from the central bank and data showing surging economic activity renewed concerns about tightening liquidity. The CSI 300 Index closed 2.2% lower, after falling nearly 3% in afternoon trading. Stocks had initially pared losses on data showing growth rates of more than 30% for key economic indicators. Traders said sentiment was ...

Bloomberg US futures and European stocks climbed on Monday as investors considered the outlook for inflation and vaccine progress. Travel companies and automakers led the Stoxx 600 Index to the highest level in a year. Danone, the world’s largest yogurt maker, jumped 5% after announcing it would replace its chairman. Brent crude topped $69 a barrel as economic data from ...

ABU DHABI / WAM The third edition of the Mohamed Bin Zayed Majlis for Future Generations (MBZMFG) opened on Sunday under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. The 2021 Majlis consists of virtual sessions led by decision makers, government officials, experts, ...

Bloomberg India’s foreign-exchange reserves surpassed Russia’s to become the world’s fourth largest, as the South Asian nation’s central bank continues to hoard dollars to cushion the economy against any sudden outflows. Reserves for both countries have mostly flattened out this year after months of rapid increase. India pulled ahead as Russian holdings declined at a faster rate in recent weeks. ...

Abu Dhabi / WAM The trade exchanges between the UAE and GCC states amounted to around AED229 billion in 2019, a 4 percent growth on 2018, according to Younis Haji Al Khouri, Under-Secretary of the Ministry of Finance (MoF) In statements to the Emirates News Agency (WAM), Al Khouri noted that cooperation with its GCC partners lies at the heart ...

NEW YORK / WAM The UAE urged the UN Security Council (UNSC) to unequivocally condemn the obstruction of the delivery of humanitarian aid by armed groups and demand that they fully respect their obligations under international humanitarian law. The UAE submitted a written statement to UN Security Council for its open debate on conflict and food security convened by United ...

ABU DHABi / WAM Wizz Air Abu Dhabi, the newest national airline of the UAE, announced the launch of its latest routes from Abu Dhabi to Almaty and Nur Sultan, Kazakhstan, starting in the middle of May 2021. With the launch of Almaty and Nur-Sultan, Wizz Air Abu Dhabi adds a further two routes to already on sale thirteen routes. ...

DUBAI / WAM In line with its digital transformation drive, the Dubai Health Authority (DHA) implemented the issuance of electronic pre-marital certificates. Couples must undergo a pre-marital health examination to screen for certain genetic and infectious diseases. At the DHA, the screening is available across primary healthcare centres. After the screening, the DHA provides a pre-marital certificate electronically. The move ...

Dubai / Emirates Business Data and artificial intelligence (AI) are expected to become key pillars that will build and grow the UAE’s digital economy in the future, adding a major boost to the country’s gross domestic product (GDP) in the long term, industry experts predicted during a recent virtual panel discussion hosted by Dubai Chamber of Commerce and Industry. The ...

ABU DHABI / WAM The United Arab Emirates will celebrate, on Monday, the annual “Emirati Children’s Day,” a national occasion celebrated on March 15 that aims to raise the community’s awareness about children’s rights. The UAE has progressed from the stage of caring for children and protecting their basic rights to the stage of empowering future generations and shaping their ...