Monday , May 17 2021

Recent News

Mohammed partially amends law on judicial authorities in Dubai

Dubai / WAM In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE issued Law No. (11) of 2021 partially amending Law No. (13) of 2016 concerning the Judicial Authorities in the Emirate of Dubai. Pursuant to ...

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Abu Dhabi shares at record high amid escalating Mideast tension

Bloomberg Abu Dhabi’s main stock index rises to a record, even amid heightened tensions in the region, as the benchmark’s biggest member surged on hopes of foreign inflows. The ADX General Index climbed 3.5% at the close on Sunday, after earlier gaining as much as 3.8%, boosted by gains for ...

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FCCI, Moldovan chamber to form joint business council

DUBAI / WAM The UAE Federation of the Chambers of Commerce and Industry (FCCI) has signed a Memorandum of Understanding (MoU) with Moldova’s Chamber of Commerce and Industry to form a joint business council for Emirati and Moldovan business owners. The MoU calls for promoting investment and economic opportunities between ...

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Stocks

Billionaires are selling mega-sized stock inventory blocks after surge

Bloomberg Stock sales are reaping a windfall for the world’s richest shareholders. Corporate insiders including Amazon.com’s Jeff Bezos and Google co-founder Sergey Brin have ramped up stock sales recently, cashing in on a 14-month long bull market that’s helped boost fortunes to the tune of trillions. US public company insiders ...

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Nasdaq futures decline as commodities stoke CPI fear

Bloomberg Nasdaq futures fall as surging commodity prices stoked concern about whether inflation will derail a growth rebound in the world’s largest economy and spoil a record stock rally. The tech-heavy index has been whipsawed by the prospect of inflation which can threaten longer-horizon revenues typical of the industry. Contracts ...

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Australia’s stock benchmark surges to a record high

Bloomberg Australia’s stock market is on a tear, with surging commodity prices and a v-shaped economic rebound from the pandemic pushing the nation’s benchmark index to a record high. Mining giants BHP Group and Rio Tinto Ltd traded at all-time highs on Monday as global demand fuels surging metals prices ...

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Singapore’s stellar stock run stalls as global virus cases rise

Bloomberg A rally in one of Asia’s best-performing stock markets is stalling amid rising virus cases at home and a rethink of the global reflation trade. Second only to Taiwan among Asia’s major benchmarks this year, Singapore’s Straits Times Index has slipped about 1% so far in May, paring 2021’s ...

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