Bloomberg MicroStrategy Inc sinks, leading a slump in cryptocurrency-exposed stocks, as Bitcoin tumbled below the $30,000 key level for the first time in five months. The enterprise software company fell as much as 12%, its steepest intraday decline since May 19, before closing down 4.5%. Shares of other crypto-linked firms also stemmed their losses as Bitcoin recovered after earlier wiping ...

DUBAI / WAM The UAE attaches great importance to protecting the environment in its development policy, an approach it has adopted since 2012 through the ‘UAE Green Growth Strategy’, to transform its economy into a green economy by utilising modern technologies, knowledge, and innovation. The green and digital economy will become the starting point for recovery after the Covid-19 pandemic, ...

ABU DHABI / WAM Globalfoundries (GF), the global leader in feature-rich semiconductor manufacturing, on Tuesday announced it is expanding its global manufacturing footprint with the construction of a new fab on its Singapore campus. In partnership with the Singapore Economic Development Board and with co-investments from committed customers, GF’s more than $4B (approximately AED 15bn) investment will play an integral ...

Abu Dhabi / WAM Abu Dhabi National Exhibitions Company (Adnec) has launched “Tourism 365” to create experiential travel opportunities for tourists coming to Abu Dhabi, and enhance the emirate’s regional and global positioning in the wider tourism sector. The launch of the company is in line with Adnec’s new broader role to support the growth of Abu Dhabi as a ...

ABU DHABI / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence and Commissioner-General of Expo 2020 Dubai, received on Tuesday at his palace Ferdinand Nagy, Commissioner-General of Romania’s Pavilion at Expo 2020 Dubai, who was accompanied by Nicoleta Teodorovici, Romania’s Consul-General in Dubai. The sides discussed global developments related to Covid-19, and the efforts of their ...

Bloomberg Oil retreated after hitting $75 a barrel in London for the first time in more than two years, as Russia and other Opec+ nations were said to consider increasing production. Brent crude edged above $75 in Asian trading hours as price indicators and inventory data showed that demand still outstrips supply. The gains faltered as Russia — which jointly ...

DUBAI / WAM The Government of Dubai, acting through the Department of Finance (DoF), announced that the $500 million Fixed Rate Note issued on June 22, 2011 under its Euro Medium Term Note Programme, reached maturity on June 22 2021. Upon maturity, all the notes have been redeemed in full by making the required payment through the paying agent to ...

Abu Dhabi / WAM Etihad Airways will launch flights to Vienna twice weekly using a Boeing 787 Dreamliner from July 18. Flying to, from, and via Abu Dhabi is supported by the airline’s fully redesigned sanitisation and safety programme, Etihad Wellness, which ensures the highest standards of hygiene are maintained at every stage of the customer journey. Customers can now ...

Abu Dhabi / WAM The Emirates Development Bank (EDB) has signed a Memorandum of Understanding (MoU) with the National Bank of Umm Al Qaiwain (NBQ) to facilitate strategic financing options for Small and medium-sized enterprises (SMEs) in the UAE. The MoU, which will cover Credit Guarantee and Co-lending programmes, will help plug the gap in SME lending support and enhance ...

Abu Dhabi / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), has announced the resumption of cruise liners in Abu Dhabi starting from September 1 after months of closure in 2020 due to the Covid-19 precautionary measures. In 2019, maritime tourism in Abu Dhabi witnessed impressive growth, resulting in a record-breaking year for the sector. ...