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SHARJAH / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, on Tuesday inaugurated the new expansion of the Al Layyah station, a project with a total cost of AED2.1 billion and a total capacity of 1,026 megawatts. Upon his arrival, His Highness cut the ribbon for the opening of the main building, ...

BLOOMBERG Huawei Technologies Co’s latest automobile-related foray once again drove big share-price moves, showing the technology giant continues to draw investors despite the uncertainty overhanging China’s stock market. Chongqing Changan Automobile Co surged by its daily limit of 10% in Shenzhen after it forged a smart-car pact with Huawei. Suppliers to both Changan Auto and unlisted Huawei also climbed, even ...

BLOOMBERG The selloff that’s ripped through green stocks looks set to continue into 2024, bringing a fourth consecutive year of losses, according to Bloomberg’s latest Markets Live Pulse survey. The negative sentiment appears poised to engulf a wider array of green asset classes, with Tesla Inc seen at risk of losing its place among the 10 biggest stocks in the ...

BLOOMBERG European stocks fell for a second day and US futures pointed to a weaker open on Wall Street amid signs the November rally in equities is overstretched. The Stoxx 600 retreated 0.7%, while contracts on the S&P 500 dipped by 0.2%. Dutch biotech Argenx SE sank as much as 17% after preliminary results suggested its only medicine failed in ...

  BLOOMBERG Shares of Adani Group companies rallied, with the flagship Adani Enterprises Ltd surging 13%, after India’s Supreme Court concluded hearing the arguments in a case relating to an investigation into the plunge in the conglomerate’s stocks earlier this year. The jump added more than $15 billion to the ports-to-power conglomerate’s market value, the most since Hindenburg Research in ...

DUBAI/ GULF TIME Danube Home, the leading home improvement and furniture retailer in the region, has proudly unveiled its highly anticipated fourth edition of the Mad Red Sale – an annual extravaganza renowned for its incredible deals. Scheduled from November 15th to 30th, this sale promises shoppers an opportunity to enjoy discounts of up to 90% on an extensive range ...

ABU DHABI/ WAM The third group of wounded Palestinian children and cancer patients arrived in the UAE today in implementation of the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, to provide medical treatment for 1,000 injured children, and 1,000 cancer patients from the Gaza Strip, in the UAE’s hospitals. Departing from Al-Arish International Airport in the ...

SHARJAH/ WAM Sharjah Museums Authority (SMA) is celebrating the UAE’s 52nd Union Day with free entry to all its museums and with an array of cultural events and activities from 27th November to 2nd December, 2023. Marking this occasion, the SMA is offering free entry to all its museums from 16:00 to 20:00 on 1st December and from 8:00 to ...

ABU DHABI/ WAM Etihad Airways, the national airline of the United Arab Emirates, and Air France-KLM Group, today announced a new partnership between their respective loyalty programmes following the Memorandum of Understanding (MoU) signed between the two airline Groups in September 2023. As part of this new partnership, members of Flying Blue, Air France and KLM’s loyalty programme, and members ...

ABU DHABI/ WAM H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, has inaugurated the second edition of Abu Dhabi Finance Week (ADFW 2023), taking place from 27th to 30th November, under the theme ‘Investing in the Transition Era’. The event is held under H.H. Sheikh Khaled’s patronage, ...