Author: dailyguardian.ae

Portfolio investors sold record volumes of petroleum last week after Opec⁺ surprised the market by announcing plans to increase production starting from the fourth quarter of 2024. Hedge funds and other money managers sold the equivalent of 194 million barrels in the six most important futures and options contracts over the seven days ending on June 4. Fund sales were the fastest for any week since at least 2013 when the US Commodity Futures Trading Commission and ICE Futures Europe began publishing data in the current format. Sales were more than three standard deviations away from the average weekly change,…

A goal from Angel Di Maria earned Argentina a comfortable 1-0 win over Ecuador in a pre-Copa America friendly in Chicago on Sunday. Di Maria, who will retire from international duty after the Copa America, gave Argentina the lead five minutes before the break after a through ball from Cristian Romero. However, they were unable to extend their advantage in the second half. “It was a deserved win. We have to keep working as we always do and stay as united,” Di Maria said after the game. “Ecuador are an opponent we could meet in the Copa. We know it’s…

Dashlane Family and Friends MSRP $89.88 “Dashlane’s Family and Friends plan is a bargain if you split the cost with others, and it comes with security features I wouldn’t expect from a password manager.” Pros Excellent security record Easy access to logins, notes, and more Simple sharing Low prices on family plans Includes a fast VPN Cons Lacks a Windows app Free app has a 25-login limit Dashlane is a password manager that aims to simplify your life by easing the ability to access to all your accounts — without compromising security. That’s a tall order since logins are valuable…

Abu Dhabi has ranked as the fastest-growing emerging ecosystem in the Middle East and North Africa (Mena), marking a 28 per cent growth in ecosystem value in the 2024 Global Startup Ecosystem Report (GSER) by Startup Genome and the Global Entrepreneurship Network launched on Monday at London Tech Week. The GSER, powered by the world’s most quality-controlled dataset on startup ecosystems, analyses data from over 4.5 million companies across 300+ entrepreneurial innovation ecosystems. It provides compelling new insights and deep knowledge about startup trends around the world and ranks the Top 40 global ecosystems, emerging ecosystems, and an expanded regional…

Carlos Alcaraz said emulating Rafael Nadal and Novak Djokovic’s successes seems “impossible” after winning his maiden French Open title on Sunday with victory over Alexander Zverev. The 21-year-old came from behind to win 6-3, 2-6, 5-7, 6-1, 6-2 and claim his third Grand Slam triumph. Alcaraz’s victory made him the youngest man to win Slam titles on clay, grass and hard courts. With Roger Federer retired, Nadal expected to hang up his racquet this year and Djokovic having a poor season by his high standards, Alcaraz could be primed to dominate the sport for years to come. Although he is…

It’s that time of year once again! It’s time for Apple’s Worldwide Developer Conference — also known as WWDC. WWDC is home to some of Apple’s most important announcements of the year, typically revolving around new software updates for its devices. WWDC 2024 is no different. This year’s show is arguably one of the biggest and most important for Apple in years. With iOS, iPadOS, watchOS, and more updates, there’s a lot to take in. Lucky for you, we’re rounding up all the announcements here. Here’s everything Apple has announced (so far) at WWDC 2024. visionOS 2 For Vision Pro, Apple…

Scorching summer heat usually makes people crank down the thermostat of their air conditioners. However, it is better to resist that urge, and rather do this — set your ACs at a default temperature of 24°C and save not only money on electricity bills but also reduce energy consumption. This is what Emirates Central Cooling Systems Corporation PJSC (Empower), the world’s largest district cooling services provider, is trying to push people to do as part of its annual summer campaign called ‘Set at 24°C and Save’. The campaign, the eleventh in a row, will continue until the end of this…

The United Nations Security Council will vote later on Monday on US-drafted resolution backing a proposal outlined by President Joe Biden for a ceasefire between Israel and Palestinian militants Hamas in the Gaza Strip. The US finalized its text on Sunday after six days of negotiations among the 15-member council. It was not immediately clear whether veto powers Russia and China would allow the adoption of the draft. A resolution needs at least nine votes in favour and no vetoes by the US, France, Britain, China or Russia to pass. Stay up to date with the latest news. Follow KT…

High-net-worth-individuals (HNWIs) around the world are prepared to spend $408.3 million on residential real estate in Abu Dhabi and a further $388.5 million in Ras Al Khaimah, a report showed. According to global property consultancy, Knight Frank’s second annual 2024 Destination Dubai report, HNWIs demonstrate a modest appetite to purchase real estate in the UAE capital, with 23 per cent indicating a desire to do so. This pattern quickly reverses as personal net worth rises. Indeed, while just 14 per cent for those with a net worth of $2-5 million are keen to purchase property in Abu Dhabi, 57 per…

Brazilian star Jackson Sousa has paid tribute to the UAE Jiu Jitsu Federation for bringing revolutionary changes to the sport, after making a winning start to his first full campaign on the Abu Dhabi Grand Slam World Tour. Sousa, whose career has been revitalised by support from the UAE, won the Masters 94kg division in Istanbul at the weekend at the start of the ten-round 2024-25 World Tour. Sousa, backed by UAE tech venture company, Scalo Technologies, said: “What the UAE Jiu Jitsu Federation has done for our sport is nothing short of a paradigm change. “They have opened up…