Bitcoin steadies near $42,000 after its worst stretch

BLOOMBERG Bitcoin traded near $42,000 after a turbulent stretch that lopped almost 8% from the largest digital asset and stirred predictions of more volatility heading into year-end. The token posted the drop from Saturday through Monday, the worst three-day performance since mid-August, according to data compiled by Bloomberg. The retreat from almost $45,000 dragged down wider crypto markets too. Some ...

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Treasury yields, greenback fall before crucial US inflation data

BLOOMBERG Treasury yields and the dollar fell before crucial US inflation data that investors will scrutinise for clues on the Federal Reserve’s next move on interest rates. Stocks posted moderate moves, with Europe’s Stoxx 600 Index and US equity futures little changed. France’s blue-chip CAC 40 index was set to close at a record high. Among individual stocks, Nokia Oyj ...

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International Polo Player Nacho Figueras is announced as the new Global Ambassador for U.A.E. luxury brand Carter & White

RIYADH/ GULF TIME Carter & White, leading Emirati luxury fashion and premium home accessories brand, has opened its first branch in Riyadh, Saudi Arabia. The launch marks the company’s latest expansion milestone for 2023.Coinciding with the opening, a partnership agreement has been signed between Carter & White and renown Argentinian polo player Nacho Figueras, who has been appointed as a ...

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UAE President and Japanese Prime Minister review bilateral ties

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan held a telephone conversation today with His Excellency Fumio Kishida, Prime Minister of Japan, to discuss bilateral ties between the two nations. The call explored opportunities for further collaboration to advance both countries’ development ambitions, within the framework of their comprehensive strategic partnership. His Highness and the Japanese ...

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MBZUAI, Silal sign MoU to empower AI innovation in agriculture, food production

ABU DHABI/ WAM On the sidelines of COP28 UAE, Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), the world’s first research university focused on AI, and Silal, an agri-food company based in Abu Dhabi, signed a Memorandum of Understanding (MoU) to bring AI innovation to agriculture and food production. The agreement will support the creation of a joint AI Centre ...

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UAE leaders congratulate transitional President of Burkina Faso on National Day

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory cable to Ibrahim Traoré, the President of the transitional period and President of the Republic of Burkina Faso, on the occasion of his country’s National Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the and Ruler of ...

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ADX and Abu Dhabi Housing Authority sign agreement to enhance service excellence

ABU DHABI/ WAM The Abu Dhabi Securities Exchange (ADX) and the Abu Dhabi Housing Authority signed a service level agreement to enhance cooperation between the two organisations across different areas, including digital connectivity and data exchange. The primary objective of this collaboration is to elevate service excellence and improve the overall customer experience for Emiratis. Within the framework of this ...

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Special Olympics UAE signs MoU with American University in Dubai

DUBAI/ WAM Special Olympics UAE and the American University in Dubai (AUD) have signed a Memorandum of Understanding (MoU) that aims to boost cooperation and exchange of valuable experience and knowledge related to sports activities for People of Determination. The MoU raises awareness about the significance of inclusion in society and methods to achieve it. Additionally, the MoU terms involve ...

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ERC distributes food parcels to people of Rafah

RAFAH/ WAM The Emirates Red Crescent (ERC) has distributed 1,679 food parcels to people in eastern Rafah Governorate, as part of the “Gallant Knight 3” humanitarian operation, launched by the UAE to support the people of Palestine. The operation included the distribution of 500 parcels in the al-Tanour neighbourhood, 500 parcels in the Al-Nasr neighbourhood, in addition to 500 other ...

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Family Care Authority, UICCA collaborate for climate inclusion and community awareness at COP28

ABU DHABI/ WAM The Family Care Authority (FCA) and the UAE Independent Climate Change Accelerators (UICCA) have partnered to launch a community engagement programme that will promote climate action and environmental sustainability. The initiative will encompass a variety of community outreach events in the Emirate of Abu Dhabi throughout 2024, including workshops, nature walks, informative talks, and other community activities. ...

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