Wednesday , September 22 2021

Recent News

Sheikha Jawaher offers AED6m for young cancer patients in Lebanon

SHARJAH / WAM HH Sheikha Jawaher bint Mohammed Al Qasimi, wife of the Ruler of Sharjah, Chairperson of The Big Heart Foundation (TBHF) and UNHCR Eminent Advocate for Refugee Children, has allocated AED6 million worth of medications to be shipped from the UAE, to support young cancer patients in the ...

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Abu Dhabi to use drone for medical supply delivery

ABU DHABI / WAM Department of Health (DoH) — Abu Dhabi, the regulator of the healthcare sector in the emirate, has announced that it is adopting advanced drones to distribute and transfer medical supplies within the healthcare sector. The project, a first of its kind in the Mena, will create ...

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Dubai set to record 3.1% economic growth in 2021

DUBAI / WAM Dubai’s Department of Economic Development (Dubai Economy) on Tuesday announced its latest economic outlook according to which it expects the emirate to record a growth of 3.1 percent this year. Spurred by the hosting of Expo 2020, Dubai’s growth is projected to accelerate to 3.4 percent in ...

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US index futures advance as stock selloff moderates

Bloomberg A selloff in stocks moderated on Tuesday as traders assessed risks from China’s crackdown on the real-estate sector and looked ahead to this week’s Federal Reserve meeting. The Stoxx Europe 600 index climbed more than 1%, rebounding from the biggest drop in two months, with energy companies leading the ...

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Bitcoin retreats to August low amid bout of global market angst

Bloomberg Bitcoin extended losses on Tuesday, falling to the lowest level since August after a global selloff in riskier assets took the overall value of the cryptocurrency market back below $2 trillion. The largest digital coin falls as much as 7.6% to $40,237 before paring some of the decline. Second-biggest ...

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Bond sales wake from slumber as Fed talk jolts emerging markets

Bloomberg Emerging-market bond sales are springing back to life before this week’s Federal Reserve meeting, as renewed speculation over imminent tapering prompts borrowers to raise money while it’s still cheap. The past week shattered a summer lull for dollar- and euro-denominated debt, bringing $36 billion of issuance from governments and ...

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Stocks slump amid Fed, China risks; dollar gains

Bloomberg Stocks in Europe plunged and US equity futures declined at the start of a week abounding with risks including spillover from China Evergrande Group’s debt woes, falling commodity prices and the Federal Reserve policy meeting. The Stoxx Europe 600 index dropped 1.6%, on track for the biggest decline in ...

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Short-sellers beating day traders in South Korea’s tech crackdown

Bloomberg Short-sellers have driven big losses in the favourite stocks of South Korean retail investors this month, piggybacking on a campaign by local regulators to rein in the power of Kakao Corp and other internet giants. Kakao, the operator of Korea’s most-used messenger app, is the most-shorted stock in September ...

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