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UAE, Afghanistan discuss strategic, cooperation ties

ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Mohammed Haneef Atmar, Minister for Foreign Affairs of Afghanistan, have discussed strategic and cooperation relations between the two countries in various fields. This came during a telephone call, wherein the ministers exchanged views on the latest regional and international developments, ...

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National Bank of Fujairah unveils SME community platform in UAE

Fujairah / WAM National Bank of Fujairah (NBF) on Monday announced the launch of “NBF Connect”, a dedicated and exclusive banking platform for Small and Medium Enterprises (SMEs) and the first of its kind in the UAE. The community platform will serve as a one-stop shop for SME members, which will include access to a suite of services and solutions ...

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Ruler of Sharjah okays Al Qasimia University budget

Sharjah / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member, Ruler of Sharjah and President of Al Qasimia University (AQU) approved the budget of the University for the academic year 2020/2021. According to this approved budget, 300 students will be accepted to study in the current semester, with the continuation of studies for 1,252 students ...

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Aldar makes strong progress on sustainability agenda

Abu Dhabi / WAM Aldar Properties PJSC (Aldar) published its second annual sustainability report, demonstrating strong progress in 2019 and charting an ambitious roadmap for the future through a number of key commitments. Formulated in close alignment with key global indices and standards including the Global Reporting Initiative (GRI) Standards, the report formally enshrines Aldar’s approach to responsible corporate citizenship, ...

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Shell mulls sale of natural gas unit

Bloomberg Royal Dutch Shell Plc said it’s considering a sale of a Norwegian natural gas supplier, as the energy major continues to selectively dispose of assets. The company is exploring a disposal of its Gasnor unit, a spokesperson confirmed in response to Bloomberg queries. Shell has approached infrastructure funds and private equity firms about a deal, people with knowledge of ...

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Alibaba investors convert US shares for Hong Kong

Bloomberg Several of Alibaba Group Holding Ltd’s biggest investors have converted billions of dollars in US shares for Hong Kong stock in part to avoid potential US sanctions and de-listings of major Chinese technology companies. Temasek Group Holdings Pte, Baillie Gifford & Co, and Matthews Asia are among the major shareholders that have swapped stakes in the Chinese e-commerce giant ...

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Thailand looking at safe plans to reopen borders to boost economy

Bloomberg Thailand is cautiously looking at plans to reopen its borders as it struggles to survive an extended period without international visitors, who account for about two-thirds of the country’s tourism income. “The virus won’t go away soon and we have to think about the economy. But we can’t just reopen the borders. We have to be careful,” Transport Minister ...

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Takeda to sell unit to Blackstone for $2.3b

Bloomberg Takeda Pharmaceutical Co agreed to sell its Japanese consumer healthcare business for 242 billion yen ($2.3 billion) to Blackstone Group Inc, which plans to take the over-the-counter medication unit public in about five years. For the drugmaker, the sale could represent one of the last big pieces of its plan to dispose $10 billion in assets after its $62 ...

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Nintendo adds fresh $3b as Robinhood traders press play

Bloomberg Nintendo Co added another $3 billion in market value in Tokyo on Monday with retail investors on the Robinhood app cited as helping to further boost the game maker’s popularity. Nintendo has been one the strongest-performing blue-chip stocks in Japan this year, as the pandemic, together with the release of its smash-hit Animal Crossing: New Horizons game, helped boost ...

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Belarus’ Lukashenko defiant as protests, strikes continue

Bloomberg Belarus President Alexander Lukashenko moved to crack down on opponents after more demonstrations against his 26-year rule brought tens of thousands of people to the streets of the capital and other cities over the weekend demanding his resignation. Police detained at least four anti-government activists, including organisers of strikes at some of the country’s largest factories and a politician ...

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