Author: dailyguardian.ae
Gulf Cooperation Council (GCC) banks’ US dollar debt issuance completed its strongest quarter ever in the first quarter of 2024, with issuance already exceeding the full-year 2023 total, a report from Fitch Ratings showed. First-quarter issuance has been driven by strong investor sentiment fuelled by high oil prices, and rapid credit growth in Saudi Arabia. “We expect these drivers to continue, and issuance will also be spurred by about $30 billion of maturities in 2024-2025 and lower US dollar interest rates,” Fitch analysts wrote in a report. The agency expects the US Federal reserve to cut rates by 75 basis…
Horse racing isn’t just about the speed of the stallions; it’s a spectacle of style where fashion takes centre stage, and the hat is the crowning glory. At horse races worldwide, fashion-forward attendees grace the stands with extravagant headwear that transcends mere accessory status. These events have become synonymous with statement hats, where creativity knows no bounds. From oversized brims adorned with feathers to intricately woven fascinators, each hat tells a unique story of sophistication and flair. Traditional styles mingle with avant-garde designs, creating a vibrant tapestry of fashion that captures the essence of the event. The significance of hats…
Top Irish jockey Tadhg O’Shea paid tribute to the late Sheikh Hamdan bin Rashid Al Maktoum, former Deputy Ruler of Dubai, for giving him the career-changing breakthrough after he won the $12 million Dubai World Cup ((G1) on Saturday evening. When he won the Irish apprentice championship in 1998 as a promising 19-year-old jockey, O’Shea was gifted a unique all-expenses-paid scholarship to ride in the UAE. The rest, as they say, is history. O’Shea would go on to win 11 jockey’s Championships and cement his place in the history books. On Saturday, he added another memorable chapter to his incredible…
Another rendition of the famed Le Classique rivalry comes our way today, as Ligue 1 leaders PSG head to Stade Velodrome for a showdown against seventh-place Marseille. There aren’t many implications when it comes to the actual standings, as PSG seem intent to run away with another title, but none of that matters when it’s time for the biggest rivalry in France. It’s going to be big no matter what. The match is about to start, at 2:45 p.m. ET, and in the United States it will be televised on beIN Sports. If you don’t have cable or don’t have…
The UAE government announced a one-week holiday for its public sector employees on Sunday. Starting Monday, April 8, federal government employees will enjoy the festivities until Sunday, April 14. Regular working hours would then resume on Monday, April 15. Since Saturday and Sunday are the official weekend days in the UAE, federal government workers will be granted a nine-day break to celebrate Eid Al Fitr, marking the end of the month-long fasting period. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Irrespective of the moon sighting, the holiday will officially begin on April 8. As…
Israeli strikes killed 77 Palestinians in Gaza in the past 24 hours, health authorities said on Sunday, as Egypt hosted an Israeli delegation for a new round of talks in a bid to secure a truce with Gaza’s Hamas rulers. The Israeli military said it killed a senior Islamic Jihad militant in a strike on a command centre in the courtyard of the Al Aqsa Hospital in central Gaza. It did not mention his name or rank. “The command centre and terrorists were struck precisely, the military said, adding it was intended to minimise “harm to uninvolved civilians in the…
As gold, oil and silver enjoy a record run on the commodities market, another not-so well-known commodity — cocoa — is having a sweetened run as well. Over the past year, New York cocoa prices have soared by more than 200 per cent, including a notable surge of 97 per cent just this year. The London-based cocoa future has rallied even more robustly, with the May 2024 futures contract up 105 per cent year-to-date. “In the realm of food commodities, witnessing a sharp increase in prices is a rare event. Yet, this is precisely what’s unfolding in the cocoa market,”…
Mohit Sharma’s bowling figures of 3-25 and an unbeaten 44 by David Miller powered Gujarat Titans to their second IPL win with a thrashing of Sunrisers Hyderabad on Sunday. Gujarat restricted Hyderabad to 162-8, a total they overhauled with seven wickets and five balls to spare at their home Narendra Modi Stadium in Ahmedabad. Hyderabad skipper Pat Cummins came to the venue with happy memories after he led Australia to an ODI World Cup triumph at the 132,000-capacity stadium last year, but this time, the home team ruled. “Winning two matches at home is great, two more to go and…
Rumors are running rampant about a supposed PlayStation 5 Pro, or PS5 Pro for short. Just like we got a mid-generation upgrade with the PS4 Pro last console cycle, many are expecting PlayStation to release an incrementally more powerful machine the bridge the gap between the launch unit and an eventual PlayStation 6. Leaks have been coming out from some fairly credible sources with a lot of juicy and very specific details about what a hypothetical PS5 Pro could look like. As credible as these sources may be, we do still need to take everything we see with a grain…
The Umm Al Quwain police confiscated a number of vehicles after the drivers gathered in one location and engaged in reckless racing on the streets of the emirate. This dangerous behaviour not only jeopardised the lives of the motorists involved but also seriously threatened other road users. The Umm Al Quwain police called on all drivers and road users to adhere to traffic laws and regulations, emphasising the importance of avoiding reckless behaviour on the roads to prevent potential traffic accidents. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Last week, several motorists were arrested…