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Bloomberg Donald Trump’s presidency promised a more confrontational approach towards China. While he certainly achieved that, he also helped create a winner in Taiwan’s stock market. The Taiex benchmark surged 92% in US dollar terms since Trump’s inauguration on January 20, 2017, the best performance among 93 global gauges tracked by Bloomberg and far beating the MSCI All-Country World Index’s ...

Bloomberg India stocks rise, buoyed by prospects of earnings growth. The S&P BSE Sensex climbed 0.3% to 49,568.70 as of 10:01 am in Mumbai, while the NSE Nifty 50 Index advanced 0.4%. Both measures are set to gain for a second day. Foreign fund purchases have pushed India’s key equity gauges to successive new records this year, while all five ...

ABU DHABI / WAM Dr Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, said that the Arab world’s problems cannot be resolved without key players on the regional and global scene collaborating to strengthen “the spirit of solidarity and unity while addressing the menacing threats to peace and security.” This came as the UAE minister delivered the statement ...

Bloomberg The International Energy Agency (IEA) lowered forecasts for global oil demand as renewed lockdowns to contain the pandemic temper the recovery expected this year. “The global vaccine roll-out is putting fundamentals on a stronger trajectory for the year, with both supply and demand shifting back into growth,” the agency said in a monthly report. “But it will take more ...

ABU DHABI / WAM Addressing climate change is the key to a healthy recovery and to building a sustainable future because the economy of the future is a green economy and the society of the future is a green society, said Awaidha Murshed Al Marar, Chairman of the Abu Dhabi Department of Energy (DoE) in his keynote address at the ...

Abu Dhabi / WAM HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, chaired the regular meeting of the Board of Directors of the Emirates Investment Authority (EIA) held here at Qasr Al Watan. During the meeting, Sheikh Mansour highlighted the authority’s key role in determining and coordinating the federal government’s fund investment policy, ...

ABU DHABI / WAM The UAE is reinforcing its commitment to sustainable development in global post-Covid economic recovery according to Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and UAE’s special envoy for Climate Change and Chairman of Masdar. Speaking at the opening ceremony of the Abu Dhabi Sustainability Week (ADSW), Dr Al Jaber said the ...

ABU DHABI / WAM The International Air Transport Association (IATA) and Etihad Airways, the UAE national airline, on Tuesday announced a partnership to launch the IATA Travel Pass for Etihad Airways’ guests. The IATA Travel Pass is a mobile app to help passengers easily and securely manage their travel in line with government requirements for Covid-19 tests or vaccines. IATA ...

Bloomberg Europe’s aviation safety regulator is poised to clear the Boeing Co 737 Max for a return to service in the region, marking a major step in the jet’s global comeback from two deadly crashes. The final airworthiness directive will be issued next week, spelling out required changes and added pilot training requirements, European Union Aviation Safety Agency Executive Director ...

ABU DHABI / WAM Frederick Kempe, Chief Executive Officer of the Atlantic Council, an American Atlanticist think tank which focuses on international relations, has noted the UAE’s environmentally-friendly efforts, especially given it is one of the lowest Greenhouse GAS (GHG) emission producers of oil and gas in the world. In an interview with the Emirates News Agency (WAM), Kempe said ...