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BLOOMBERG Stocks gained as investors rewarded companies for positive earnings updates and as China’s latest move to stimulate its economy boosted resources shares. Europe’s Stoxx 600 index climbed 0.8% as mining stocks jumped the most in almost six weeks after the People’s Bank of China said it would cut the reserve requirement ratio for banks on February 5. The move ...

BLOOMBERG Indian stocks notched their biggest outflow of foreign investor funds in 19 months, as some profits were booked after a record-breaking rally. Global funds sold $2.4 billion of Indian shares on a net basis last week, the most since June 2022. They sold another $374 million, according to provisional data, as trading resumed after the surprise trading holiday announcement. ...

DUBAI / WAM The Emirates Research Development Council (ERDC) has launched the National Research and Development Leadership Programme, marking a significant milestone in the UAE’s pursuit of an innovation- and knowledge-based economy. Overseen by the Ministry of Industry and Advanced Technology’s General Secretariat team, the programme has been launched in collaboration with the Advanced Technology Research Council (ATRC) and Mohammed ...

DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, on Tuesday met with a number of Directors General and senior officials of the Government of Dubai at His Highness’s Majlis in Za’abeel. The meeting formed part of His Highness’s routine engagements with officials from various sectors to ...

ABU DHABI / WAM Edge, one of the world’s leading advanced technology groups in the unmanned and autonomous systems sector, unveiled three new innovative remotely piloted vehicles on the first day of the Unmanned Systems Exhibition and Conference (UMEX) and Simulation and Training Exhibition (SimTEX) 2024. Returning as the Strategic Partner for the sixth edition of UMEX, Edge is rapidly ...

CAIRO / WAM The United Arab Emirates (UAE) participated in an extraordinary meeting of the Arab League Council regarding Palestine, which was held in Cairo, Egypt. Mariam Khalifa Al Kaabi, UAE Ambassador to the Arab Republic of Egypt and Permanent Representative to the Arab League, headed the UAE delegation. In her speech at the Arab League headquarters, Ambassador Al Kaabi ...

ABU DHABI / WAM Under the patronage of HH Sheikh Hazza bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi, HH Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, inaugurated the 6th session of the UMEX and SimTEX exhibitions (2024). The exhibitions will run from 23 till 25 January, with participation of 214 companies from ...

KAMPALA / WAM On behalf of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State, headed the UAE delegation to the Third South Summit of the Group of 77 and China, which was inaugurated by Yoweri Museveni, President of the Republic of Uganda. The summit, under the theme ‘Leaving No One ...

BLOOMBERG India’s stock market capitalization has overtaken Hong Kong’s for the first time as the South Asian nation’s growth prospects and policy reforms make it an investor darling while global capital pours out of China. The combined value of shares listed on Indian exchanges reached $4.33 trillion as of Monday’s close, versus $4.29 trillion for Hong Kong, according to data ...

BLOOMBERG European stocks and US equity futures kept to small ranges as investors parsed the latest corporate earnings for insights on the state of the global economy and the impact of supply chain pressures. Rallying miners supported Europe’s Stoxx 600 index as optimism over demand from China pushed iron ore prices higher. Energy stocks rose as crude oil held gains ...