Investors brushed off warnings that US interest rates would continue to rise.
World shares hit a 15-month high and the euro climbed on Thursday as the European Central Bank followed its US counterpart, the Federal Reserve, and delivered another widely-expected interest rate increase.
Asian and European stocks fell into the red Monday as investors await more interest-rate decisions this week and fret over the lack of a stimulus plan to kickstart the Chinese economy. Equities enjoyed a strong run-up last week, partly on expectations Beijing would unveil economic measures following two interest rate cuts.
Stock markets advanced on Wednesday as fears of a banking crisis fade further in investors’ rearview mirror while Chinese tech giant Alibaba’s breakup plans boosted most Asian shares. Measures taken by authorities to prevent a new global financial crisis appear to have calmed the markets following
The Agriculture Innovation Mission for Climate (AIM for Climate), a global initiative spearheaded by the United Arab Emirates and the United States, on Friday announced more than doubling of investments, partners, and Innovation Sprints in transformative climate-smart agriculture and food systems
Masdar, one of the world’s fastest growing clean energy companies, has signed a non-binding Heads of Terms (HoT) development agreement with OMV, the integrated company for energy, fuels & feedstock, chemicals and materials, to explore in partnership the production of green hydrogen for
Etihad Credit Insurance (ECI), the UAE’s Federal export credit company, hosted an event titled ‘Mobilising Export Credit Insurance to Drive Positive Climate Impact’ at the 28th UN Climate Change Conference (COP28) in Dubai, underscoring ECI’s commitment to fostering international dialogue on
Lootah Biofuels, a pioneer in the circular economy that produces biofuels from used cooking oil (UCO), and FatHopes Energy, a Malaysian leader in developing sustainable fats, oils, and grease solutions for advanced biofuel production, have signed a Memorandum of Understanding (MoU) aimed at