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ABU DHABI / WAM Companies operating electric scooters (e-scooters) rental services in Abu Dhabi would be able to gradually resume the service starting from Monday. The Integrated Transport Centre (ITC) of the Department of Municipalities and Transport in Abu Dhabi has announced that the operators can resume the services with 25 percent capacity at specific districts of the city, namely ...

ABU DHABI / WAM ADQ, a public joint stock company with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s economy, announced on Sunday the launch of “Q Market Makers” (QMM). The new market maker began trading on Sunday on Abu Dhabi Securities Exchange (ADX). Market makers are key market participants that provide a highly effective means ...

Sharjah / WAM Sharjah-based Hamriyah Free Zone Authority (HFZA) signed an agreement to lease over half a million square feel to Alucor, an international engineering, procurement, and construction contractor. Under the agreement, Alucor leased 555,418 sq. ft of the inner harbor quayside land in the free zone to expand its operations in the region. Alucor was founded in the UAE ...

ABU DHABI / WAM Shuaa Capital, an asset management and investment banking platform in the region, announced that it has launched a $200 million “SHUAA Financing Opportunities Fund” targeting special situations in the GCC. The fund has already attracted a total of $68 million in commitments from investors. Following Shuaa’s recent success in the private credit space in deploying and ...

Bloomberg More than 200 companies, lobbying groups and foreign governments have given business to President Donald Trump’s resorts and hotels, while gaining benefits from him and his administration, an investigation by the New York Times found. During Trump’s first two years in office, the Times reported, 60 customers paid Trump’s family owned business about $12 million, and almost all had ...

Bloomberg Prime Minister Justin Trudeau unveiled a new plan to help businesses pay rent amid a second wave of coronavirus in Canada. The Canada Emergency Rent Subsidy will provide funding of up to 65% of rental or mortgage costs for businesses suffering from revenue declines, depending on the scale of losses. Businesses forced to close due to local shutdown orders ...

Bloomberg The Italian economy will contract 10% in 2020 and make a partial recovery next year with growth of 4.8%, Confindustria said in a report. After a rebound in the past quarter, momentum is expected to weaken again in the final three months of the year, the industry lobby said. “The gradual increase in the number of newly infected, although ...

Bloomberg Fears the UK’s data center operators would shift their infrastructure abroad because of Brexit are looking unfounded, with several firms and industry experts saying they’ve seen domestic growth since 2016. London’s data center market had a total supply of 711 megawatts during the second quarter of 2020 and is expected to end the year with 67 additional megawatts of ...

Bloomberg Argentina is expanding benefits to its burgeoning tech sector in an effort to boost much-needed foreign investment and exports, supporting a resilient industry that’s grown amid a severe, three-year recession. Both chambers of congress recently approved a technology bill that provides tax incentives for the next decade to start-ups and industry giants that train and hire workers. It’s one ...

Bloomberg Every toy, gadget and good you see on YouTube could soon be for sale online — not on Amazon, but right on YouTube itself. The world’s largest video site recently started asking creators to use YouTube software to tag and track products featured in their clips. The data will then be linked to analytics and shopping tools from parent ...