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Bloomberg As the House is poised to send the $1.9 trillion Covid-19 relief plan to President Joe Biden for his signature, providing an economic boost that will last long after $1,400 stimulus checks start arriving in Americans’ accounts this month, the US economic outlook is much sunnier than it looked in early January. The latest Bloomberg monthly survey of economists ...

Bloomberg Vodafone Group Plc is looking to raise 2 billion euros ($2.4 billion) from an initial public offering of its European mobile-phone towers unit in Frankfurt, in what will be one of the region’s biggest stock market listings this year. The UK telecommunication giant plans plans to sell shares in Vantage Towers AG at 22.50 euros to 29 euros apiece, ...

Bloomberg Puerto Rico is asking the court overseeing its record bankruptcy to consider a revised restructuring plan to cut $18.8 billion of bond debt backed by the central government, reviving a restructuring effort that has largely been stalled for a year by the coronavirus pandemic. Puerto Rico’s financial oversight board filed its debt adjustment plan, which hews to the terms ...

ABU DHABI / WAM The announcement of the issuance of an operating licence for Unit 2 of the Barakah Nuclear Power Plant is another example of how the UAE continues to implement its mega development projects despite exceptional circumstances and challenges imposed by the outbreak of Covid-19. The Barakah project has taken the development path of the UAE to advanced ...

ABU DHABI / WAM Hub71, Abu Dhabi’s global tech ecosystem, is doubling down on scaling startups and enabling founders by introducing a value creation programme. Tech startups from around the world will benefit from increased access to market as Hub71 actively facilitates business opportunities to enable their sustainable growth, globally. Hub71 launches its programme by embarking on a four-month roadshow ...

Dubai / WAM In line with the directives of Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of The Executive Council of Dubai HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has ordered the extension of the freeze on Dubai government fees ...

DUBAI / WAM The Emirates Mars Mission (EMM), the first interplanetary exploration undertaken by an Arab nation, on Tuesday announced the completion of its commissioning and testing phase and its readiness for transition to its science orbit. The completion of testing is ahead of schedule and the transition to science manoeuvres will take place earlier than planned. “We have completed ...

Abu Dhabi / WAM Mohammed Thani Al Rumaithi, Chairman of the Federation of the UAE Chambers and Chairman of the Abu Dhabi Chamber of Commerce and Industry, has received Eitan Na’eh, Head of Mission at the Israeli Embassy in Abu Dhabi, at the Chamber’s premises in Abu Dhabi. During the meeting, both sides discussed means of developing trade relations between ...

DUBAI / WAM Dubai International Financial Centre (DIFC) on Tuesday reported the best performance in its 16-year history, reaffirming Dubai’s growing reputation across the global finance industry, the number of new firms operating in DIFC grew 20 percent, taking the total to 2,919. A total of 915 financial companies are now active in DIFC, up 24 percent from 735 in ...

Abu Dhabi / WAM The Emirates Mars Mission (EMM), the first interplanetary exploration undertaken by an Arab nation, on Tuesday announced the completion of its commissioning and testing phase and its readiness for transition to its science orbit. The completion of testing is ahead of schedule and the transition to science manoeuvres will take place earlier than planned. “We have ...