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ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs,  received Catherine Colonna, Minister for Europe and Foreign Affairs of the French Republic. During a working dinner in Abu Dhabi, the two sides discussed the latest developments in the Middle East region and ways to address the urgent humanitarian and relief response to civilians. The ...

RAS AL KHAIMAH / WAM Ras Al Khaimah Government Media Office (RAKGMO) will highlight the sustainable development achievements of the emirate of Ras Al Khaimah during its participation at the Global Media Congress (GMC) in Abu Dhabi. RAKGMO will be showcasing its successful media campaigns and representing Ras Al Khaimah at the three-day event, which is being held at the ...

ABU DHABI / WAM The General Pension and Social Security Authority (GPSSA) is participating on Monday in the 22nd annual meeting of heads of civil retirement and social security authorities. The delegation, led by Faras Al Ramahi, GPSSA’s Director-General, is accompanied by several high-ranking officials. The two-day meeting in Muscat, Oman, will focus on a comprehensive review of the technical ...

DUBAI / WAM Mohammed Ahmed Al Murr, Chairman of the Mohammed bin Rashid Al Maktoum Library Foundation, and Dr Mohammed Salem AlMazrooei, Board Member of the Foundation, welcomed Dr Ali bin Tamim, Chairman of the Abu Dhabi Arabic Language Centre (ALC), at the Mohammed Bin Rashid Library (MBRL). During their meeting, the two parties discussed ways to enhance cooperation in ...

BLOOMBERG Zambia’s central bank raised the ratio of deposits that commercial lenders must hold in a bid to reverse a slide in the world’s worst-performing currency after Argentina’s peso.The Bank of Zambia will increase the statutory reserve ratio requirement for local- and foreign-currency deposits by 3 percentage points to 14.5% with effect from November 13, it said in a circular ...

BLOOMBERG South Korea will prohibit stock short-selling until June 2024 to allow regulators to “actively” improve rules and systems, the Financial Services Commission said. Trading with borrowed shares, an essential component of short selling, will be banned for companies in the Kospi 200 Index and Kosdaq 150 Index from Monday until the end of June, the commission said. “Amidst market ...

BLOOMBERG Stock and bond markets steadied after last week’s blockbuster rally, with traders still optimistic that US and European central banks may start cutting interest rates as soon as next year. Europe’s Stoxx 600 index held to recent gains and US futures added about 0.2%. Asian markets jumped, with South Korea’s Kospi finishing more than 5% higher after regulators banned ...

BLOOMBERG Between 2013 and 2017, Peter To claims he made more than $1 million by day-trading Bitcoin during its bull runs. While the world’s largest cryptocurrency has rallied in recent weeks, more than doubling from levels after last year’s epic collapse that helped blow up the FTX exchange, the 34-year-old professional stock trader in New York says it’s not enough ...

BLOOMBERG European Central Bank (ECB) President Christine Lagarde said that slowing inflation is “certainly our forecast” and that the institution is determined to return prices to its target. “We are determined to bring inflation down to 2%,” Lagarde told the Greek newspaper Kathimerini in remarks posted on the ECB’s website. “According to our projections we will get there in 2025.” ...

BLOOMBERG Asia’s emerging-market currencies are proving attractive to investors willing to bet on local central banks keeping interest rates high and the fading strength of the dollar. In the view of Brendan McKenna, an emerging market strategist at Wells Fargo & Co, the Indonesian rupiah, Philippine peso and Thai baht are among the best bets. Other experts point the fact ...