Asian shares are mixed after Wall Street retreats from all-time highs

  BANGKOK / WAM Asian shares were mixed on Wednesday after Wall Street slipped a bit further from its record highs, Associated Press (AP) reported. Oil prices fell while US futures edged higher. Chinese shares slipped even as China’s central bank governor told a high-level business conference in Beijing that property industry was showing signs of recovery. Hong Kong’s Hang ...

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Abdullah bin Zayed meets Czech Prime Minister in Prague

PRAGUE/WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, met with Petr Fiala, Prime Minister of the Czech Republic, during His Highness’ working visit to Prague. Prime Minister Fiala welcomed the visit of the UAE Top Diplomat as the two sides discussed the bilateral relations between the two nations, and ways to further enhance cooperation in a ...

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President of UAE receives written message from President of South Sudan

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, received a written message from Salva Kiir Mayardit, President of the Republic of South Sudan, on strengthening relations between the two friendly countries. The message was received by Dr Anwar Gargash, Diplomatic Adviser to the UAE President, during his meeting today with Dr Benjamin Bol Mel, Special ...

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UAE strengthens air cargo industry with launch of ‘CARDS’ data platform

ABU DHABI / WAM The General Civil Aviation Authority (GCAA) has launched the Cargo Data Reporting System (CARDS), which provides a range of technical services to government entities, national airlines, ground handling agents and express service providers. CARDS is the first platform of its kind to provide an analytical view of air cargo movements to, from and through the UAE ...

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MoHAP lights up landmarks in red to raise TB awareness

DUBAI / WAM The Ministry of Health and Prevention (MoHAP) lit up prominent landmarks across the country in red, celebrating World TB Day on March 24 observed this year under the theme “Yes! We can end TB.” Illuminated landmarks included Dubai Frame, Mohammed bin Rashid Library, Fujairah Fort, Zayed Sports Complex in Fujairah, and Ajman Museum. The initiative, conducted in ...

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Abu Dhabi Global Market announces incentives for Al Reem Island businesses

ABU DHABI / WAM Abu Dhabi Global Market (ADGM) has announced a new incentive initiative crafted exclusively for established businesses situated on Al Reem Island, operating within the non-financial and retail sectors. This initiative is strategically designed to bolster support for these businesses during their transition from the Abu Dhabi Department of Economic Development (ADDED) to ADGM. Through this incentive ...

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UAE banks lead in revenue in region: Roland Berger

DUBAI / WAM Saumitra Sehgal, Head of Financial Services in the Middle East at Roland Berger, a global strategy consultancy, said that the revenue of the UAE bank branches is the highest in the region at US$18.6 million per branch for retail services. Sehgal added, in statements to Emirates News Agency (WAM), that digital transformation has enabled Gulf banks to ...

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Gold holds tight range on Tuesday

WORLD CAPITALS / WAM Gold prices were stuck in a tight range on Tuesday as investor focus turned to US inflation data due later this week, which could shed more light on the timing of the Federal Reserve’s first interest rate cut this year, Reuters reported. Spot gold was little changed at $2,172.58 per ounce, as of 0549 GMT. Also, ...

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Asian shares trading mixed after Wall Street’s momentum cools

TOKYO / WAM/ AP Asian shares were mixed in muted trading on Tuesday, as buying in some markets was soon erased by profit-taking. Japan’s benchmark Nikkei 225, where computer chip-related issues had interested investors early, reversed course to slip nearly 0.2 percent on Tuesday trading to 40,336.31. Australia’s S&P/ASX 200 fell 0.1 percent to 7,801.20. South Korea’s Kospi added 1.2 ...

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