Wednesday , December 2 2020

Recent News

UN lauds UAE support to airlift aid to Ethiopian refugees in Sudan

GENEVA / WAM The UN refugee Agency has commended the UAE for supporting humanitarian efforts to airlift emergency aid and supplies to Ethiopian refugees in Sudan. Spokesperson of the United Nations High Commissioner for Refugees (UNHCR) Babar Baloch, told a news briefing in Geneva that a plane carrying 32 tons ...

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Khalifa orders setting up of Fallen Frontline Heroes Order

Abu Dhabi / WAM HH Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, has ordered the award of the Fallen Frontline Heroes Order to those who have lost their lives on the frontlines while tackling Covid-19. The award is based on a proposal by HH Sheikh Mohamed bin ...

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Abu Dhabi’s non-oil exports, re-exports jump 62.5 pct

ABU DHABI / WAM Abu Dhabi’s non-oil exports and re-exports reached AED32.8 billion between June and August 2020, up 62.5 percent compared to AED20.2 billion recorded between March and May this year, a report issued by the Abu Dhabi Department of Economic Development (ADDED) showed. The report reveals the emirate’s ...

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Stocks slip after record rally; oil extends retreat

Bloomberg US futures slipped and European stocks steadied on the last day of the month after record-breaking rally in global equity markets. Oil extended a retreat on signs of discord among Opec+ ministers. The rotation that sent stocks to all-time highs showed signs of a slight reversal, with technology companies ...

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South African stocks fall, paring best Nov gains since 2001

Bloomberg South Africa’s main stock benchmark index dropped for a second day, down 1.1% by 9:42 am in Johannesburg, the biggest intraday decline in more than a week, as market giant Naspers Ltd joined diversified miners and banks in pulling the main gauge lower. Risk-off sentiment was evident in early ...

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Bargain frenzy gives $1.7trn lift to Europe’s stock market

Bloomberg In a record-breaking month that added $1.7 trillion to European equities, none rallied as hard as unloved bargain stocks. The Stoxx Europe 600 Index has surged 15% in November, on track to overtake the previous record set in April 2009 in the aftermath of the global financial crisis. Now, ...

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Most Middle East stocks rise to track peers, oil higher

Bloomberg Most Middle East stock markets advanced, taking their cue from rising crude oil prices and gains elsewhere in emerging markets last week. Indexes in Saudi Arabia, Abu Dhabi, Bahrain and Oman climbed as much as 0.3%, while those in Kuwait slipped. The Tadawul All Share Index in Riyadh rose ...

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Guggenheim fund reserves right to invest in Bitcoin Trust

Bloomberg Count Guggenheim Partners LLC among those institutional investors casting an eye on cryptocurrencies. Guggenheim is reserving the right for its $5.3 billion Macro Opportunities Fund — which aims for total return via fixed income and other debt and equity securities — to invest in the Grayscale Bitcoin Trust. The ...

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