Sultan bin Ahmed attends UoS and research institutes MoU signing

SHARJAH/WAM H.H. Sheikh Sultan bin Ahmed Al Qasimi, Deputy Ruler of Sharjah and President of the University of Sharjah (UoS), witnessed the signing of a memorandum of understanding (MoU) on Wednesday between the University of Sharjah (UoS), Armenia’s Byurakan Astrophysical Observatory (BAO), and China’s Deep Space Exploration Laboratory. The signing took place at the headquarters of the University of Sharjah. ...

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India set for as much as $1.5bn inflows with MSCI changes

BLOOMBERG Indian equities will likely receive a net inflow of $1.5 billion after changes by MSCI Inc is set to boost the nation’s representation in its developing markets gauge to a record, according to Nuvama Wealth Management Ltd. Nine stocks, including IndusInd Bank Ltd and wind-turbine maker Suzlon Energy Ltd, will be added to MSCI’s global standard gauge on November ...

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Stocks rally on interest rate relief wagers; pound slips

BLOOMBERG Stocks extended gains as investors welcomed cooler-than-expected inflation readings in the US and the UK as evidence central banks may be done with their aggressive interest-rate increases.  Europe’s Stoxx 600 Index rose 0.6%. Alstom SA slumped 17% after the train maker said it’s cutting jobs and selling assets to shore up its balance sheet. US equity futures rose more ...

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UAE leaders congratulate King of Belgium on ‘King’s Feast’

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to King Philippe of Belgium, on the occasion of King’s Feast, which is observed on November 15. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness ...

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Sanad, Thales elevate aviation industry with strategic alliance

DUBAI / WAM Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi’s sovereign investor Mubadala Investment Company, has entered into a landmark strategic framework agreement with Thales, a global leader in advanced technologies within Aerospace, Defence Security and Digital Identity Security. The agreement expands Sanad’s Maintenance Repair and Overhaul (MRO) services into the dynamic fields ...

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Emirates signs agreements with Safran totalling $1.2 billion at Dubai Airshow

DUBAI / WAM Emirates, the world’s largest international airline, has on Wednesday announced a series of contracts awarded to Safran, worth over $1.2 billion combined. This includes a $1 billion deal for the latest generation Safran Seats for Emirates’ new fleet of Airbus A350, Boeing 777X-9 and existing Boeing 777-300 aircraft. The agreement includes Business, Premium Economy and Economy class ...

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UAE President visits Dubai Airshow 2023

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Wednesday attended the Dubai Airshow 2023 at DWC, where he toured the exhibition spaces and pavilions and viewed the exhibits of the various local and international companies participating in this year’s event. His Highness engaged in discussions with exhibitors and was briefed on the latest ...

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