UAE stock markets closed higher on Friday, with Dubai outperforming its regional peer, supported by a sharp weekly rise in oil prices as attacks on key Middle East shipping routes fuelled concerns that supply disruptions could persist.
Viasat and UAE-based Space42 said on Monday they signed an agreement to establish Equatys, a platform that aims to connect smartphones and other devices directly to satellites, and committed up to $1 billion in equity.
Japan saw inflation spike due to rising import costs and currency shocks, suggesting such price reactions needed to factor into monetary policy considerations, a central bank official was quoted as saying in conference notes released on Monday.