Friday , October 22 2021

Recent News

UAE urges int’l community to provide support to Palestinians

NEW YORK / WAM In a statement to the UN Security Council’s quarterly open debate on the situation in the Middle East, including the Palestinian Question, the UAE noted recent positive developments to advance peace in the Middle East and to help resume the negotiation process and build confidence between ...

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Fertiglobe IPO raises AED 2.9b, sets price at AED 2.55 per share

ABU DHABI / WAM Fertiglobe plc, a subsidiary of Adnoc and OCI, on Wednesday announced the successful completion of its initial public offering (IPO) bookbuilding process, and the final offer price of its initial public offering. Fertiglobe is the world’s largest seaborne exporter of urea and ammonia combined, the Middle ...

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UAE reinforces commitment to India’s energy security

ABU DHABI / WAM Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (Adnoc), reinforced the United Arab Emirates’ (UAE) commitment to India’s energy security and said the UAE will always remain India’s trusted ...

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US futures hold steady as traders mull recovery

Bloomberg Stocks were mixed on Wednesday as traders weighed company earnings and risks from inflationary pressures. Treasury yields and the dollar were weaker. Chinese technology stocks listed in the US rallied in premarket trading, along with Hong Kong peers such as Alibaba Group Holding Ltd. on hopes the worst of ...

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Hong Kong stocks rise fastest in world as crackdown ebbs

Bloomberg Investors in Hong Kong’s stock market are rapidly losing their fear of President Xi Jinping’s regulatory crackdowns. The Hang Seng China Enterprises Index has rallied 10% since closing at a five-year low on October 6, the best performance among major global benchmarks tracked by Bloomberg. Alibaba Group Holding Ltd. ...

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US futures, European stocks rise on earnings; dollar dips

Bloomberg US futures rose with European stocks Tuesday as the prospect of solid corporate earnings helped counter concerns stemming from elevated inflation. Treasuries were steady and the dollar declined. Travelers Cos. rose in pre-market trading, while Johnson & Johnson fluctuated after reporting. Technology shares rallied and crypto stocks were in ...

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Bitcoin pushes towards record before debut of futures-based ETF

Bloomberg Bitcoin continued its climb towards all-time highs, bolstered by optimism over the upcoming launch of the first Bitcoin futures exchange-traded fund in the US by asset manager ProShares. The largest cryptocurrency rose as much as 2.6% on Tuesday to trade around $62,961. It’s more than doubled this year in ...

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Brazil markets sink on fears social aid to break fiscal rule

Bloomberg Brazilian assets tumbled on Tuesday, leading losses across the globe, on reports the government will breach the country’s spending cap rule to finance a new social program, hurting the fiscal position of Latin America’s largest economy. The new aid program to the poorest, dubbed Auxilio Brasil, will give handouts ...

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