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NEW YORK / WAM  The United Nations Security Council (UNSC) unanimously adopted on Friday a resolution drafted by the United Arab Emirates (UAE) and Japan, in their capacities as co-penholders on the Afghanistan file, that condemns the Taliban’s decision banning Afghan women from working for the UN in Afghanistan. The resolution was co-sponsored by more than 90 UN member states, ...

ABU DHABI / WAM  The Abu Dhabi Agriculture and Food Safety Authority (Adafsa) celebrated the World Veterinary Day 2023, which falls on the last Saturday of April every year. Adafsa held an event to showcase the role of veterinary medicine and celebrate national veterinary cadres, under the slogan “Promoting diversity, equity and inclusiveness in the veterinary profession”. Mariam Hareb Al ...

ABU DHABI / WAM  Khalifa Economic Zones Abu Dhabi (Kezad Group), a wholly-owned subsidiary of AD Ports group, and Al Ghurair Foods, a world-leading manufacturer and supplier of high-quality food and part of Al Ghurair Investment, one of the largest diversified family business groups in the UAE, on Friday announced the signing of 50-year land lease agreements for three mega ...

DUBAI / WAM   Dubai Financial Market (DFM) announced its consolidated financial results for the first quarter of the year ending on March 31 posting a 30% increase in its net profit to AED35.6 million, compared to AED27.5 million during the corresponding period of 2022. DFM’s total consolidated revenue has increased by 13% to AED88.9 million in Q1 of 2023, compared ...

DUBAI / WAM  In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued Decree No 21 of 2023 appointing His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum as First Deputy Ruler of Dubai and His Highness Sheikh Ahmed bin Mohammed bin Rashid Al ...

BLOOMBERG  US employment costs accelerated by more than forecast at the start of the year, underscoring persistent inflationary pressures that will keep the Federal Reserve on track for another interest-rate hike next week. The employment cost index, a broad gauge of wages and benefits, increased 1.2% in the first quarter, according to Labor Department figures. It was the first quarterly ...

BLOOMBERG  Intel Corp shares jumped after the embattled chipmaker promised a recovery in the second half, leading investors to look past a disappointing profit-margin forecast in the current quarter. The company predicted that gross margins — a closely watched measure — would begin to widen again in the back half of 2023. Intel is returning to full manufacturing capacity, and ...

BLOOMBERG US equity futures retreated as a rally in tech stocks lost steam and persistent inflationary pressures cemented expectations for higher rates in the US and Europe. Treasuries advanced. Contracts on the S&P 500 and the Nasdaq 100 slipped as Amazon.com Inc’s warning after the market close on growth in its key cloud computing business soured the mood. Treasuries recouped ...

BLOOMBERG Apple Inc and Microsoft Corp have never held more sway over the S&P 500 Index, leaving some investors on edge over the gauge’s increasingly top-heavy nature. The world’s two most-valuable companies saw their combined weightings in the benchmark jump to a record 14% after strong earnings reports from Microsoft and others fuelled a rally in technology stocks. When you ...

ABU DHABI / WAM Abu Dhabi-based manufacturer Monarch Holding and Chinese company EHang Holdings, a leading autonomous aerial vehicle (AAV) technology platform company, have signed a partnership agreement to establish the first facility in the Middle East and North Africa to manufacture and operate sustainable, electric-powered aircraft and drones for passengers and cargo transportation in Abu Dhabi. The announcement aligns ...