Dow, S&P 500 hit fresh records, but Nasdaq ticks lower
The tech-rich Nasdaq slipped by 0.3 percent to 15,996.82 -- a day after surging by 3.0 percent following strong earnings...Business
AI in focus as world’s biggest mobile fair gets underway in Spain
Barcelona, Spain - The world's biggest mobile phone fair throws open its doors in Barcelona Monday with the sector looking to...Business
Qatar Central Bank strategy for FinTech to boost sector
Qatar Central Bank is working on designing a new strategy for financial technology and intends to launch it during the...Qatar Central Bank is working on the new strategy for financial technology and intends to launch it at the last quarter of 2022
QCB is creating the necessary infrastructure to enable banks to approve payments from digital wallets
ADX and nine listed companies to attend investors meet in London
Abu Dhabi Securities Exchange (ADX) and nine ADX-listed companies will meet major institutional investors in London on June 9 and...The delegation includes over 25 CEOs, CFOs and senior executives from ADNOC Distribution, ADNOC Drilling, Abu Dhabi Islamic Bank, Agthia and others.
ADX said it will showcase its progress in its strategy to significantly increase liquidity and market capitalization.
Asian markets mixed as US jobs data give Fed room to hike rates
Asian markets were mixed Monday following a steep drop on Wall Street in response to a forecast-topping US jobs report...Hong Kong, Tokyo, Shanghai and Taipei all rose, but there were losses in Sydney, Singapore, Manila and Jakarta
US traders took flight after the closely watched non-farm payroll figures Friday, which showed more new posts created than expected
Commercial marinas to issue yacht sailing permits in KSA
Some commercial marinas in Saudi Arabia would be allowed to issue yacht sailing permits which would help develop cruises in...Yacht sailing permits would help in developing and facilitating cruises in the Kingdom’s territorial waters
The initiative would ensure support for tourism development and enhance employment in the sector
Saudi Arabia, Spain to strengthen partnerships in sustainable tourism
Spain’s experience and expertise in tourism has already helped Saudi Arabia and more Spanish businesses will hopefully join the leading...Saudi Ministry of Investment of Saudi Arabia (MISA) on Sunday hosted a Spanish investment forum.
The forum took place on the sidelines of the 116th session of the United Nations World Tourism Organization in Jeddah.
Financial inclusion enables access to health, education: Study
The study stresses the need for digitally delivered financial inclusion; and for using this as a platform to distribute health...A Mastercard study stresses the need for digitally delivered financial inclusion; and for using this as a platform to distribute health and education services to the masses
Mastercard, the study reveals, has brought 500 million excluded individuals into the digital economy in 2020 and will include 500 million more by 2025
Multiply added to FTSE GEIS
The inclusion will come into effect on June 20FTSE GEIS is part of the FTSE Russell, a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide
It also provides a robust global equity index framework and includes over 16,000 large, mid, small and micro-cap securities across 48 developed and emerging markets globally
Masdar of UAE to develop 4,000 MW of clean energy in Azerbaijan
Masdar has signed an agreement with Azerbaijan to develop clean and renewable energy projects in the country with a combined...As per the agreement, 4,000 MW will be generated in the first phase, while the second phase will generate 6,000 MW
Masdar will develop solar projects with a capacity of 1,000 MW and 1,000 MW of onshore wind
Google loses defamation fight against Australian politician
Australia's federal court ordered Google on Monday to pay more than $500,000 in damages to a politician after finding he...While Google, which owns YouTube, had initially defended the case, the search giant eventually abandoned its defences
Justice Steven Rares found Google liable for the harm caused to Barilaro from December 2020 and ordered it to pay aggravated damages
EDB to take part in Bonds, Loans & Sukuk Middle East
Emirates Development Bank (EDB) will participate in Bonds, Loans & Sukuk Middle East, the region’s largest gathering for the corporate...EDB will use the platform to engage with stakeholders in the investment and development community
The bank is the first federal entity to be issued ratings by S&P and Fitch
