Stocks in China have plummeted to an eight-month low, dashing hopes that the country’s economy was on its way to a strong recovery. After markets slumped nearly 3 percent on Friday, today saw China's blue-chip CSI300 index fall 2.1% to 3,065.62, while the Shanghai Composite Index lost 2.8%, dropping down to 2,832.11 points. China’s April trade data, which was released yesterday, further dampened the outlook with both exports and imports dropping more than expected.
UAE, Ecuador announce CEPA agreement signing
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and President of Ecuador Daniel Noboa have announced the signing of a Comprehensive Economic Partnership Agreement (CEPA) between the two nations on Sunday.
DFSA announces closure of Nasdaq Dubai exchange
The Dubai Financial Services Authority (DFSA), has announced the temporary closure of Nasdaq Dubai exchange on Monday, March 2, and Tuesday, March 3, due to the ongoing regional developments.
UAE capital markets to remain closed until further notice
The UAE Capital Market Authority has announced that the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) will be closed from Monday, 2 March 2026, until further notice.
Abu Dhabi to cover costs of extended hotel stays after missile strikes
Abu Dhabi's Department of Culture and Tourism has issued an official circular to hotel managers across the emirate instructing them to extend the stays of guests who are unable to depart due to travel disruptions following missile and drone attacks from Iran.
Oil jumps 10% on Iran conflict and could spike to $100 a barrel, analysts say
Brent crude LCOc1 jumped 10% to about $80 a barrel over the counter on Sunday, oil traders said, while analysts predicted that prices could climb as high as $100 after U.S. and Israeli launched strikes on Iran.
