News

Bloomberg Singapore’s emergence from the Covid-19 shock is gathering pace, but that isn’t boosting the nation’s equity benchmark. That’s because the gauge is very much a bet on the global recovery rather than a wager on the city-state. The Straits Times Index is still 21% away from turning positive for the year, among the worst in Asia. Singapore’s plan to ...

Bloomberg The Tokyo Metropolitan Government has set up an office in Hong Kong to consult with companies considering a move to the Japanese capital, part of its push to make the city a global financial center. The Hong Kong office opened for online consultations, Governor Yuriko Koike said at a news briefing. “I want to make Tokyo the No. 1 ...

Bloomberg South Korean conglomerate SK Group is accelerating efforts to help China develop ESG standards after a years-long push by Beijing to improve social governance disclosures at its companies stalled. SK said it will team up with China’s State-owned Assets Supervision and Administration Commission (SASAC) to jointly establish a lab in Beijing to study and develop rating methods for environmental, ...

Abu Dhabi / WAM The number of subscribers in telecommunications services in the UAE, including mobile phones, landlines and Internet, grew to 21.808 million by the end of August, 1 percent up compared to the preceding month. The latest statistics released by the Telecommunications Regulatory Authority (TRA) indicated an increase in the number of mobile phone subscribers to 16.685 million ...

Bloomberg Nearly 200 countries are nearing a legally-binding agreement to reduce pollution from the world’s cargo ships, a step forward after two years of talks on how the industry should clean up its emissions. A series of virtual meetings will start on Monday hosted by the United Nations shipping agency over a new rating system that will measure the carbon ...

DUBAI / WAM The Dubai Financial Market (DFM) on Sunday introduced equity futures trading, as part of its new Futures Trading Platform, amid unprecedented participation from the brokerage community. This step provides further impetus to DFM’s strategy to diversify product offerings and attract more investments. The DFM has developed a robust regulatory framework, in line with international best practices, creating ...

KHARTOUM / WAM Dr Khalid Abdel Wahhab Al Khajah, Executive Manager of the International and Humanitarian Charity Organisation (IHCO) in Ajman, laid the foundation stone for the building of a new community, named “Al Salam Village”, in Sudan’s River Nile State. The village will see the construction of 200 houses for local people affected by floods that recently swept through ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa) announced on Sunday that it completed repayment of its last outstanding bond of $1.5 billion. The Global Medium Term Note (GMTN) bond that was issued in 2010 matured and has been fully repaid. With this step, Dewa is having Zero debt on its books. Consistent with Dubai’s steady growth, Dewa has ...

Abu Dhabi / WAM Noura bint Mohammed Al Kaabi, Minister of Culture and Youth, held a discussion with Lilja Lilja Dögg Alfreðsdóttir, Iceland’s Minister of Education, Science and Culture, to review options in reinforcing cultural and creative relations between the UAE and Iceland. During the meeting, Al Kaabi reviewed achievements of the creative sector since the start of the Covid-19 ...

ABU DHABI / WAM Abu Dhabi will host the oil and gas industry’s largest online exhibition and conference, as the Adipec Virtual Conference brings together over 5,000 government ministers, global energy leaders and professionals to assess the collective measures the sector is putting in place to fast-track recovery, post Covid-19. Held under the patronage of President His Highness Sheikh Khalifa ...