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BLOOMBERG Thailand’s domestic investors are snapping up the nation’s beaten down equities, betting that the months long political standoff will be resolved soon. The benchmark stock index has rallied more than 4% from a June 28 trough, and may extend if a government takes office soon, according to analysts. While the SET gauge is still Asia’s worst-performing equity market this ...

BLOOMBERG A selloff in government bonds accelerated Monday as the threat of further rate hikes unsettled traders. The yield on 30-year German bonds rose nine basis points to 2.72%, the highest since early 2014. Similar-maturity Treasury yields jumped seven basis points. US equity futures rose modestly, signalling a rebound from Friday’s retreat. Federal Reserve Governor Michelle Bowman said over the ...

DUBAI / WAM Dubai’s resurgent tourism industry is celebrating a successful first half of 2023 (H1 2023), after welcoming a record 8.55 million international overnight visitors, compared to 8.36 million tourists in H1 2019. Surpassing pre-pandemic visitation levels and further bolstering the city’s bid to become the world’s most visited destination, the latest data published by Dubai’s Department of Economy ...

DUBAI / WAM Due to the emirate’s inclement weather, Dubai Municipality received up to 100 emergency reports. Rainwater pools in a few Dubai neighbourhoods to fallen trees on several main and internal roadways were among the emergencies. Since the weather situation, the municipality has taken preventive precautions and has put its emergency response teams on standby. As the rain stopped, ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) has revealed that the number of electricity accounts reached 1,144,741 accounts by the end of the first half of 2023, compared to 1,084,596 accounts by the end of the first half of 2022, an increase of around 5.5 percent. This is part of Dewa’s efforts to keep pace with the rise ...

ABU DHABI / WAM The UAE has sent a shipment of military vehicles and security equipment to the Republic of Chad, to support its capabilities in combatting terrorism and enhancing border protection. This initiative falls within the framework of the strong ties between the UAE and Chad at various levels, which have resulted in the signing of several bilateral agreements, ...

ABU DHABI / WAM Edward Hobart, ambassador of the United Kingdom of Great Britain and Northern Ireland to the UAE, affirmed his country’s support for the UAE hosting of the Conference of the States Parties to the United Nations Framework Convention on Climate Change (COP28) and UK’s active participation and engagement in the UN climate conference. “In COP28, we think ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Luis Arce Catacora of the Plurinational State of Bolivia, 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 ...

DUBAI/GULFTIME News Highlights: Danube Properties sold out Elitz-2 within a month of its launch; guarantees 6% return on investment Danube Properties has so far launched 24 projects involving 11,529 units crossing AED10 billion so far; Danube Properties has delivered 4,555 so far units with a combined sales value of AED3.63 billion; The launch of the Elitz 3 projects comes after ...

ABU DHABI / WAM The Environment Agency — Abu Dhabi (EAD) and Emirates Nature-WWF are expanding on the success of their youth empowerment movement with the launch of the second edition of the Ambassadors for Nature Programme. This youth-focused programme starts its second cohort at the most opportune time, as the UAE prepares to host the crucial COP28 climate conference ...