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BLOOMBERG US futures and European stocks clocked mild gains on Friday as investors awaited Federal Reserve Chair Jerome Powell’s speech from Jackson Hole. Contracts on the S&P 500 gained 0.3%, signalling respite for underlying equities after August 24’s decline. Europe’s Stoxx 600 extended its first weekly advance in four. Commodity shares led gains as oil and iron ore prices climbed. ...

BLOOMBERG India’s central bank’s policy to keep the rupee stable at weaker levels may make the currency vulnerable to speculative attacks in case of large risk events, according to Australia & New Zealand Banking Group Ltd. Policymakers are focused on bolstering manufacturing and exports, but it’s not without costs, economists Dhiraj Nim and Sanjay Mathur wrote in a note. “Persistent ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Volodymyr Zelenskyy of Ukraine on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al ...

ABU DHABI / WAM Under the patronage of HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, the 15th edition of the Abu Dhabi World Professional Jiu-Jitsu Championship will take place at Mubadala Arena in Zayed Sports City from November 1-11. The competition is being organised by the ...

ABU DHABI / WAM First Abu Dhabi Bank (FAB) and Magnati have joined forces in a strategic alliance with Geidea, Saudi Arabia’s largest fintech company, to provide digital payment acceptance services for businesses in the Kingdom. The collaboration has the potential to be transformative in the Saudi payments space and is set to create exceptional value for clients, bridging the ...

CAIRO / WAM Adel bin Abdul Rahman Al Asoomi, President of the Arab Parliament, said the hosting of the 28th Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change (UNFCCC) is a testament to the world’s recognition of its role, global leadership and relentless efforts to preserve a safe and sound international environment and work ...

ABU DHABI / WAM The Emirates Red Crescent (ERC) and the Dubai Islamic Bank (DIB) have signed a collaborative agreement to construct homes for those affected by the floods that hit Sindh Province in Pakistan. As per the agreement, the bank will allocate AED5 million to fund the construction of homes, while the ERC will oversee the project. The agreement ...

ABU DHABI / WAM Abu Dhabi Maritime, part of AD Ports Group, in collaboration with the Department of Municipalities and Transport (DMT), has announced that entries can now be submitted to the inaugural “Abu Dhabi Maritime Awards (Marinas Edition)”. This brand-new awards programme aims to recognise excellence and success across leading marina facilities in the region. Moreover, the awards will ...

DUBAI / WAM The UAE’s Artificial intelligence, Digital Economy and Remote Work Applications Office, and Mastercard on Thursday signed a memorandum of understanding (MoU) to increase artificial intelligence (AI) capabilities and readiness in the region. With AI playing an increasingly transformational role across society, an initial focus of the partnership will be dedicated to battling financial crime, securing the digital ...

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan held a phone call with Narendra Modi, Prime Minister of the Republic of India, during which His Highness congratulated him on the successful landing of the Chandrayaan-3 spacecraft on the Moon. His Highness also extended his congratulations to the people of India for this momentous scientific achievement, emphasising that ...