Monday , February 26 2018

Recent News

Adnoc Distribution posts AED1.8bn profit in 2017

ABU DHABI / Agencies The UAE’s largest fuel and convenience retailer has reported strong Q4 and full year 2017 results, as Adnoc Distribution undertakes a major transformation program to improve performance even further. Adnoc Distribution, which listed on the Abu Dhabi Securities Exchange in December, posted an AED1.8bn profit for ...

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UAE ranked first globally in 50 development indices

DUBAI / WAM According to the Global Competitiveness Report 2017-2018, the UAE has ranked first globally in 50 indices related to many vital community, services and development sectors. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said, “in ...

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Envoys briefed on Expo 2020

DUBAI / WAM UAE ambassadors and heads of the country’s missions abroad have praised the progress made in preparing for the Expo 2020 Dubai during a visit to the project site in Dubai. The visit was held on the sidelines of 12th UAE Ambassadors and Mission Heads Forum held in ...

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Stocks

Austria seeks Bitcoin rules based on gold

Bloomberg Austria’s finance ministry is looking at the trading rules for gold and derivatives as inspiration for drawing up regulations on cryptocurrencies for the nation and for the European Union (EU). The goal is to prevent Bitcoin and similar virtual currencies from facilitating money laundering—a crime that’s no stranger to ...

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US stocks rise with dollar before Fed minutes; Treasuries decline

Bloomberg US stocks rose for the seventh time in eight days and the dollar’s rally reached a fourth day as strong corporate results bolstered optimism in the economy. Treasuries edged lower as investors await Federal Reserve meeting minutes. The S&P 500 Index jumped as industrial and financial shares paced gains. ...

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US stocks erase declines as Treasuries retreat, dollar gains

Bloomberg Treasuries fell, with investors driving the benchmark yield higher as the government auctioned a deluge of bonds. US stocks pared losses in late-morning trading, looking to add to a six-day rally. The Treasury started a week of auctions totalling $258 billion on Tuesday with $151 billion of short-term bills ...

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