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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 ...

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 In a couple of years, Japan will be paying the highest rates in the world to incumbent power utilities simply for maintaining generation capacity, including coal and nuclear plants, to help meet electricity demand in times of scarcity. That windfall comes at a time when Japan is seeking to liberalise its market, encourage new entrants and boost the use ...

Bloomberg The more China tells the world that Taiwan isn’t a country, the more Beijing’s adversaries are starting to treat it like one. On Taiwan’s National Day, Beijing’s embassy in New Delhi was reported to have issued a letter telling India’s media not to refer to it as a country or to Tsai Ing-wen as its president. Indians responded by ...

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 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 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 ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, affirmed that “private companies operating in the UAE in space industries have qualitative contributions and achievements that contribute to enhancing the country’s position as the leading and most advanced center in the space sector in the region.” ...

Abu Dhabi / WAM With the UAE’s support, the Emirates Red Crescent (ERC) dispatched a humanitarian relief convoy to villages in Al Wazeiyah District, Taiz Governorate, suffering from scarce water resources and the low income of local residents due to growing unemployment caused by the war started by the Houthi militias. Under this framework, the ERC provided 25 tonnes of ...