Bloomberg UK government bond yields have climbed to levels last seen before the Brexit referendum in 2016 relative to German peers, as traders brace for inflation in Britain over the next decade to far outpace the rate in Europe’s largest economy. The extra yield investors demand to own 10-year gilts over equivalent bunds jumped to more than 125 basis points ...
Read More »Bloomberg German investor confidence declined for a fifth month in October, adding to evidence that global supply bottlenecks and a surge in inflation are weighing on the recovery in Europe’s largest economy. The ZEW institute’s gauge of expectations fell to 22.3 from 26.5 the previous month, the lowest since the start of coronavirus lockdowns last year. The outlook for the ...
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Bloomberg It turns out that 2021 was a pretty good year to be an American farmer. After struggling through extreme weather, a trade war and tepid demand in recent years, things started to turn around this season as Chinese buying roared back. What’s more, crops proved resilient against bouts of dryness that hit some parts of the Midwest, and analysts ...
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DUBAI / WAM The Federal Tax Authority (FTA) has called on official participants in Expo 2020 Dubai to avail the Value Added Tax (VAT) refund scheme for taxes paid on goods and services connected with Expo 2020 Dubai. The scheme is implemented by the FTA in accordance with UAE Cabinet Decision No. (1) of 2020 on the Refund of Value ...
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SHARJAH / WAM Arada, a UAE-based development company, has launched “Kayaâ€, the second residential phase of its forested lifestyle mega community Masaar, located in the Al Suyoh district of Sharjah. Containing 421 townhouses and villas, the launch of Kaya has been brought forward following strong demand for homes in the first phase of the AED8 billion Masaar megaproject. Launched in ...
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ABU DHABI / WAM The General Civil Aviation Authority (GCAA) has announced that the average aviation activity in the country rose from 1,238 flights at the end of 2020 to 1,538 flights in September 2021, an increase of some 24.5 percent. Saif Mohammed Al Suwaidi, Director General, said that the aviation activity in the UAE witnessed a significant increase prior ...
Read More »ABU DHABI / WAM The Department of Health – Abu Dhabi (DoH) has signed a Declaration of Collaboration with AstraZeneca, a global biopharmaceutical company, to further enhance research and development in health sciences. The step aims to boost innovation in the sector as part of DoH’s strategy to increase patients’ access to quality healthcare services. The Declaration was signed by ...
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ABU DHABI / WAM Shuaa Capital psc, the leading asset management and investment banking platform in the region, has announced that its managed funds have invested in the recently concluded $34.8 million Series C funding round by SkyCell, the Swiss pharma-tech supply chain company which manufactures smart containers enabling the safe, secure and sustainable transportation of pharmaceutical products. This investment ...
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ABU DHABI / WAM Abdullah Mohamed Al Mazrouei, Chairman of Abu Dhabi Chamber of Commerce and Industry, received Mohammad Tarid bin Sufian, Ambassador of Malaysia to the UAE, at the Chamber’s tower in Abu Dhabi to discuss the prospects of expanding economic cooperation between the business communities in both countries. During the meeting, attended by Mohamed Helal Al Mheiri, Director-General ...
Read More »DUBAI / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), has met Robert Troy, Ireland’s Minister of State for Trade Promotion, Digital and Company Regulation at the Department of Enterprise, Trade and Employment, to develop ties with Ireland, especially in digital technology, industry and other areas of common interest. This was part of ...
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