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DUBAI / WAM The Federal Youth Authority (FYA) held the first introductory meeting involving 50 young people from the first batch of the “Young Economists Programme.” The programme was organised by the FYA under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, to prepare a new generation of national economic leaders and ...

Ras Al Khaimah / WAM The Department of Civil Aviation in Ras Al Khaimah stated that expatriate residents will be allowed to enter the emirate through Ras Al Khaimah International Airport from October 15 without obtaining prior permission, in line with the procedures and requirements adopted by the country that include undergoing medical testing and obtaining a negative result before ...

Bloomberg A UK clean energy company is seeking to create 1,000 jobs by the end of next year, expanding its technology to simplify the way consumers buy electricity. Octopus Energy said it wants to make the UK the “Silicon Valley of energy” and detailed a plan to expand its cloud-computing platform, known as Kraken, which aims to make it easier ...

Bloomberg President Donald Trump’s re-election campaign has seen its candidate, campaign manager and party chairwoman all laid low by Covid-19. He is short on cash, Democrat Joe Biden is pulling away in the polls and his best hope to climb back — the raucous rallies that fuelled his 2016 win — is on hold indefinitely as the last month of ...

Bloomberg Europe is tightening restrictions to regain control of resurgent coronavirus infections, with Paris closing restaurants and new curbs likely on the way in Italy and Ireland. The continent is struggling to control the latest outbreak as opposition to limits on movement mounts and leaders resist the stringent lockdowns that hammered economies in the second quarter. Instead, the approach is ...

Bloomberg UK car sales fall for a second straight month, sliding 4.4% in the country’s weakest September for auto purchases in more than two decades. Registrations dropped to 328,041 cars, according to data from the Society of Motor Manufacturers and Traders. That follows a 5.8% decline in August and dashes hopes for an early recovery from a coronavirus-driven slump. The ...

Bloomberg Italy’s Nexi SpA agreed to buy SIA SpA in an all-share deal that will create one of Europe’s biggest payment providers. The transaction, which values closely held SIA at 4.56 billion euros ($5.3 billion) will give Nexi shareholders about 70% of the joint company. The combined business will have annual revenue of about 1.8 billion euros and a market ...

Bloomberg The dysfunction in Sweden’s credit market is creating opportunities for investors ready to take advantage of murky pricing and unreliable liquidity. Niklas Edman, a portfolio manager at Carnegie Fonder AB, says that market features such as illiquidity, a lack of transparency and price volatility are “not only a risk or threat, they can also pose an opportunity.” Given the ...

DUBAI / WAM Shuaa Capital has launched three Sharia compliant funds and already secured $75 million of commitments. The Shuaa High Yield Sukuk Fund, Nujoom Aggressive Fund and Nujoom Balanced Fund – the first Sharia-compliant funds within an ICC umbrella to launch in the Abu Dhabi Global Market (ADGM) – are breaking ground as part of Shuaa’s fund platform rolled ...

Dubai / WAM The Dubai Land Department (DLD), through its Real Estate Promotion and Investment Management Sector, in cooperation with Strategic Holding, launched the “Invest in Dubai Real Estate” initiative, the virtual destination for the real estate industry and the latest and most prominent real estate promotion initiatives in Dubai. The initiative is set to unveil interactive features from November ...