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Dubai / WAM A report issued by the Business Registration & Licensing sector of Dubai Economy highlighted the most popular areas across the city for setting up new business. As per the report, five areas account for 43.7 percent of the total new business licences issued during the first half of this year. Dubai Economy had issued 16,826 new business ...

Dubai / WAM Dubai Customs has completed 452,300 insurance refund requests with a value of AED3.2 billion in H1 2020, according to the latest statistics from the Refund and Maqasa Department at Dubai Customs. The smart Insurance Refund Portal helps clients submit their claims 24/7, which saves their time and reduces cost on them. Dubai Customs has gone far in ...

ISLAMABAD / WAM The UAE continues its firm commitment to international cooperation by providing essential health and humanitarian supplies to nations grappling with the impact of the coronavirus (Covid-19). The Pakistani-Emirati Military Hospital in the Pakistani city of Rawalpindi stands as a shining example of UAE’s humanitarian and developmental initiatives to combat pandemics and natural calamities. In the past few ...

Bloomberg Canada’s Natural Resources Minister Seamus O’Regan said he’s in talks with the US Secretary of Energy Dan Brouillette about finding a path to move ahead with oil pipeline projects, the Globe & Mail reported. “He’s somebody who’s been in the energy business and with the energy department for quite some time. He does have that understanding so we do ...

Bloomberg China, Russia and Iran are looking to disrupt the US electoral process before November’s vote, including attempts at compromising the private communications of political campaigns and candidates, a top US intelligence official warned. William Evanina, director of the National Counterintelligence and Security Center, said that federal officials continue to monitor hackers trying to gain access to state and federal ...

Bloomberg Germany took a step forward in its recovery from the coronavirus slump, with a key measure of activity showing growth for the first time in five months. IHS Markit’s composite Purchasing Managers Index (PMI) jumped to 55.5 in July from 47 in June. The figure was better than economists had predicted, and puts the gauge above the key 50 ...

Bloomberg US business activity stabilised in July, indicating only gradual progress for the economy as some states slow the pace of reopening to counter a pickup in coronavirus cases. The IHS Markit preliminary composite index of purchasing managers at manufacturers and service providers improved 2.1 points to a six-month high of 50, the dividing line between expansion and contraction, the ...

Bloomberg A record number of Canada’s largest businesses are seeking protection from creditors, a testament to the strains companies are under because of the coronavirus pandemic. In the three months through June, 27 firms were granted protection under Companies’ Creditors Arrangement Act (CCAA), a federal law that gives insolvent corporations that have debt of more than $3.7 million an opportunity ...

Bloomberg The European Union (EU) praised “good progress” in tackling risky suppliers of core fifth-generation mobile network equipment and called on other member states to follow suit. With countries in the region under intensifying US pressure to ban China’s Huawei Technologies Co., the bloc published a report that assessed how well governments were reducing security risks in the shift to ...

Dubai / WAM Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates NBD, on Wednesday rang the market-opening bell at Nasdaq Dubai to celebrate the listing of a $750 million conventional bond. The capital raised will assist the activities of Emirates NBD. The perpetual bond is callable after six years and pays a coupon of 6.125 percent. The ...