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BLOOMBERG  Deutsche Bank AG sees the current slump in mergers and acquisitions (M&A) as an opening to boost ranks and take back some market share from Wall Street rivals. The German giant has signed on M&A veterans from peers including Bank of America Corp, Credit Suisse Group AG, Lazard Ltd and Citigroup Inc over the past couple of months and ...

BLOOMBERG Treasuries and US stock futures advanced on hopes that Congress will pass a debt accord to head off a default as White House and Republican congressional leaders stepped up lobbying in support of the deal. Treasury yields fell across the curve. Yields on short-dated bills — the most at risk of a default — were indicated lower as they ...

BLOOMBERG The Big Tech rally of this year has further to run as the risk of a US recession drives investors into stocks that offer profitable growth in lean times, according to the latest Markets Live Pulse survey. Some 41% of 492 market participants surveyed said the highest returns this year would come from buying quality stocks focussed on profitability, ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Monday said that the Emirates Mission to the Asteroid Belt (EMA) is a massive scientific project that will result in the establishment of Emirati companies specialised in space science and technology. “The UAE has launched a new ...

DUBAI / WAM The 2nd Energy Storage Forum revealed that hydrogen momentum continues to accelerate with more than 1,000 projects announced globally. The announced projects represent $320 billion investments through 2030. While renewable generation is projected to reach 80 percent of the global energy mix by 2050, this will require annual investments in energy supply and production of circa $1.5 ...

SHARJAH / WAM HH Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah, witnessed on Monday, the inauguration of the 4th Arab Forum for Cultural Heritage (2023), organised by The Regional Office for the Conservation of Cultural Heritage (ICCROM-Sharjah), in cooperation with the Arab League Educational, Cultural, and Scientific Organisation (Alecso) and Sharjah Institute for Heritage, at ...

ABU DHABI / WAM Aldar Properties has acquired Basatin Landscaping as part of its drive to further scale up and broaden its integrated property and facilities management platform, Aldar Estates. Through this transaction, valued at AED150 million, Aldar will hold a majority stake of 75% in Basatin, with the remaining 25% held by a strategic partner. Basatin is a provider ...

SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) has embarked on a landmark trade mission to the Republic of India, marking a significant step in strengthening economic ties between the two nations. The trade mission’s first leg commenced with the highly successful UAE-India Business Forum held in Mumbai, India’s bustling commercial capital. The UAE-India Business Forum, organised ...

VENICE / WAM “The political will to use culture in an intelligent and thoughtful way is inspiring,” said Lesley Lokko, curator of the 18th International Architecture Exhibition of La Biennale di Venezia Venice Architecture Biennale, referring to the UAE’s national policy and strategy, during an interview to Emirates News Agency (WAM) in Venice. On the sidelines of the International press ...

SHARJAH / WAM The Sharjah Waste-to-Energy Project, the first of its kind in the Middle East, has strengthened its efforts to divert waste from landfills and contribute to the production of clean energy. Since its launch one year ago, the plant has increased its waste diversion rate from 76% to 90%, aligning with the UAE’s goal of achieving climate neutrality ...