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BLOOMBERG Stocks and bonds retreated before key inflation readings from the US and China later this week and the earnings season kicks off on Friday. US stock futures dropped with Europe’s Stoxx 600 benchmark as investors shrugged off tech-led gains that rolled across global markets and drove a Japanese gauge to a 34-year high. The Nasdaq 100 jumped the most ...

SEOUL / WAM The Republic of Korea logged a current account surplus for the seventh straight month in November on the back of an increased trade surplus, Yonhap News Agency quoted the Bank of Korea (BOK) as saying. The country’s current account surplus reached $4.06 billion in November, narrowing from the surplus of $6.8 billion the previous month, according to ...

BLOOMBERG In the industrial hub of Wuxi near Shanghai, car owners recently took part in China’s largest experiment to rewire the grid and take advantage of its world-leading fleet of electric vehicles. Instead of charging up after plugging in, 50 EVs did it the other way around. For 30 minutes, the cars combined to feed around 2 megawatts of electricity ...

DUBAI / WAM The Ministry of Human Resources and Emiratisation (MoHRE) has launched the UAE Labour Market Observatory. It is designed to provide periodic data and information in both Arabic and English on various competitiveness indicators of the UAE labour market, outputs of the policies set to regulate it, and information about innovative services, programmes, and initiatives, along with other ...

SHARJAH / WAM HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah and Chairman of Sharjah Executive Council (SEC), on Tuesday chaired a meeting of the Sharjah Executive Council at the Sharjah Ruler’s office The Council approved the operation of a transport service between Sharjah and Muscat of Oman, according to the agreement ...

ABU DHABI/ GULF TIME Astra Enterprise, a leader in the digital transformation realm and a UAE unicorn, is setting a new standard in the digital world. Approaching a $1 billion valuation, Astra is not just contributing to the financial sector but is also a pivotal player in enhancing global security and efficiency through its innovative solutions.Astra’s Broad Impact in the ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Monday honoured the six winners of the inaugural edition of the ‘Great Arab Minds’ Awards, during a ceremony held at the Museum of the Future in Dubai. Congratulating the winners, His Highness said that the brightest ...

DUBAI / WAM The second edition of the 1 Billion Followers Summit opens doors to an exclusive encounter with an elite line-up of mega social media influencers and celebrities from 95 countries across 6 continents, boasting over 1.7 billion followers. Notable figures such as “Khaby Lame,” TikTok’s content creation silent maestro, “German Garmendia,” holding the title for the most-followed Spanish-language ...

ABU DHABI / WAM The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) announced the delivery of recycled water to more than 1,600 farms in Al Khatam, Al Khaznah and Al Nahda areas, as part of an ambitious plan to expand the use of recycled water for irrigating farms in the emirate of Abu Dhabi. ADAFSA collaborated with its strategic ...

ABU DHABI / WAM ADQ, an Abu Dhabi-based investment and holding company, has appointed Ghannam Butti Al Mazrouei as the new Chairman of Abu Dhabi Securities Exchange (ADX) along with two new Board Directors. Al Mazrouei has been a member of the Board of Directors at ADX since 2015. In addition to his new role as Chairman, Al Mazrouei is ...