Wednesday , June 26 2019

Recent News

Rakez Media Zone license issuance up 177% in May

RAS AL KHAIMAH / WAM The number of new media licences and freelancer permits issued under the Rakez Media Zone has jumped 177 percent to 360 companies and freelancers in May, up from 130 in May 2018. Of the new licences registered, 150 belong to companies and the rest to ...

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17th Irena Council meet concludes in Abu Dhabi

ABU DHABI / WAM The 17th meeting of the International Renewable Energy Agency (Irena), Council concluded on Wednesday in Abu Dhabi. Chaired by Luxembourg, the event marked the first official Council meeting hosted by Francesco La Camera, newly appointed Director-General of Irena. Over the course of two days, around 360 ...

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ADGM announces launch of new fintech, innovation initiatives

ABU DHABI / WAM Abu Dhabi Global Market (ADGM), announced its upcoming launch of a new initiative, ‘FinTech 50’, and the third edition of the ‘Innovation Challenge’, as part of the fintech Abu Dhabi Festival 2019. The ADGM Innovation Challenge poses a set of fintech problem statements that represent the ...

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Stocks

Tech stocks rise on earnings; Treasuries fall, dollar rises

Bloomberg Technology shares gained on strong earnings from a leading chipmaker, while Treasuries fell with gold. The Nasdaq indexes rose after Micron Technologies Inc’s profit topped estimates. Chipmakers Intel Corp and Cisco Systems Inc also rallied. The S&P 500 pared early gains as heathcare shares and consumer staples weighed on ...

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Bitcoin surge pushes weekly gain to 30%

Bloomberg Bitcoin’s furious run is starting to look more and more like it did at the height of crypto-mania two years ago. The virtual currency surged as much as 14 percent on Wednesday, topping $12,900 for the first time since January 2018, and bringing its gain to about 30 percent. ...

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Stocks slide as 10-year yield drops back below 2 percent

Bloomberg US stocks fell while gains in Treasuries pushed the 10-year yield below 2 percent as simmering geopolitical tensions damped investor appetite for risk. Gold jumped. The S&P 500 dropped for a third-straight session, the longest since May 9, as US officials downplayed expectations of a resolution to the trade ...

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Pound looks even worse than euro

Bloomberg The pound will tumble to levels not seen since 2017 against the euro as Brexit turmoil outweighs a dovish European Central Bank, according to analysts. Sterling is likely to slide towards 92 pence per euro by year-end, about 3 percent below current levels and a rate not seen in ...

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US equities mixed, dollar falls; Treasuries advance

Bloomberg US equities fluctuated near records as investors weighed expectations for easier monetary policy against concerns about a slowing economy. Treasuries gained, while the dollar edged lower. The S&P 500 was mixed, hovering just under all-time highs reached during last week’s rally. Tech shares led gains, while healthcare paced falling ...

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