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Bloomberg US equities erased earlier losses after the Federal Reserve signalled that it won’t raise rates this year, saying economic growth has slowed. Ten-year Treasury yields narrowed and the dollar fell. As was widely expected, the central bank didn’t announce an interest-rate increase on Wednesday and took any hike off the table for 2019. That dovish turn was enough to ...

Bloomberg Indian equities closed mixed with traders cautious ahead of a public holiday and a US interest rate decision. Key stock indexes had gained in the previous seven days to more than six-month highs. The benchmark S&P BSE Sensex swung at least twelve times between losses and gains before ending the day up 0.1 percent at 38,386.75 in Mumbai. The ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Wednesday held talks with Prime Minister Abiy Ahmed of Ethiopia, on bilateral relations between the two countries. During the meeting held in Abu Dhabi, Sheikh Mohamed bin Zayed and Prime Minister Abiy reviewed ...

NEW YORK / WAM The UAE was ranked first in the Arab region in the World Happiness Report (WHR) for the fifth consecutive year. According to a statement issued by the United Nations Sustainable Development Solutions Network (SDSN), which produces the World Happiness Report, “In 2016, the United Arab Emirates committed to implementing a happiness and wellbeing policy agenda within ...

ABU DHABI / WAM At Etisalat’s Annual General Meeting (AGM) shareholders have backed the board’s recommendation to pay full-year 2018 dividends of 80 fils per share and approved the proposal of lifting restrictions on the voting rights of foreign shareholders. Etisalat Group consolidated revenues reached AED52.4 billion while consolidated net profit after Federal Royalty reached AED8.6 billion, an increase of ...

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Sharjah / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, on Wednesday opened the 8th edition of the International Government Communication Forum (IGCF) 2019, at Expo Centre Sharjah, in the presence of HH Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah. Organised by the International Government Communication Centre, ...

Sharjah / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, has said that the International Government Communication Forum (IGCF) 2019, has become a key regional platform for developing effective communication strategies, supporting the government’s efforts, and achieving sustainable community development. In an interview with the Emirates News Agency, (WAM), he said that the eighth edition of ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc), won the ‘Oil and Gas Project of the Year’ accolade at the 2019 MEED Projects Awards. The award was presented to Adnoc for the Taweelah Gas Compression Plant project that was completed in record time, under the highest safety standards. The award recognises Taweelah’s strategic importance to the UAE’s gas ...

Fujairah / WAM Oil products stockpiles at the Port of Fujairah rose 11 percent over the past week to 23.931 million barrels by Monday, the highest level in 20 months, according to data obtained by S&P Global Platts on Wednesday. The gain was led by heavy residue inventories posting a 17 percent week-on-week increase to reach 10.12 million barrels, a ...