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ABU DHABI / WAM Abu Dhabi Global Market (ADGM) has announced that its Financial Services Regulatory Authority (FSRA) Policy and Legal Team, have won two prestigious awards at the annual In-House Community Counsels of the Year Awards 2020. “The team was awarded ‘In-House Community Best Practice Legal Teams of the Year in Financial Services’ and ‘In-House Community Best Practice Legal ...

Dubai / WAM The Dubai Land Department (DLD) announced on Monday that the emirate’s official monthly house price index saw a rise of 1.36 percent as the index value moves from 1.1 to 1.115 amidst the lockdown. The results were announced as part of the second edition launch of ‘Mo’asher’ – Dubai’s official sales price index – produced by DLD, ...

Sharjah / WAM The Sharjah Consultative Council (SCC) represented by the Financial, Economic and Industrial Affairs Committee, announced the conclusion of the campaign, entitled, “We’ll get through this.” The campaign aimed to highlight the stimulus package approved by the Sharjah Government to support governmental and private entities, business sectors and individuals, and reflects the importance of the sustainability incentives for ...

Bloomberg One of the few bright spots in China’s coal-dominated power mix for cleaner-burning natural gas is at risk after a proposed tariff cut. The southern province of Guangdong is mulling a 5-12% cut in the rates gas-fuelled generators can charge, according to a report on a website run by China Southern Power Grid Co, referencing an unpublished policy consulting ...

Bloomberg President Donald Trump is seeking to tie Joe Biden to activists’ calls to “defund the police” in an attempt to paint his likely 2020 opponent as weak on crime and vilify Democrats pushing for police reform, even though Biden hasn’t embraced the slogan. Two weeks of protests over the death of a black man in Minneapolis police custody have ...

Bloomberg Sweden is stepping up efforts to shield its critical businesses from foreign takeovers at a time of economic weakness due to the Covid-19 pandemic. Interior Minister Mikael Damberg and Foreign Trade Minister Anna Hallberg on Monday unveiled a series of proposals. They include asking the Swedish Defense Research Agency to map out areas where foreign direct investments may have ...

Bloomberg Spain has earmarked 9 billion euros ($10.2 billion) to help fund regional governments’ healthcare response to the Covid-19 pandemic. The central government will transfer 6 billion euros in September and as much 3 billion in November, Prime Minister Pedro Sanchez said in a televised statement. The measure will be approved by the cabinet through a decree on June 16, ...

Bloomberg Two drugmakers behind the industry’s most prominent responses to the Covid-19 pandemic are looking into the possibility of a combined future as economies emerge from lockdowns. AstraZeneca Plc, co-developer of one of the fastest-moving experimental coronavirus vaccines, has made a preliminary approach to Gilead Sciences Inc., maker of the only US-approved treatment, according to people familiar with the matter. ...

ABU DHABI / WAM The latest regional developments and issues of mutual interest have been deliberated by His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Egyptian Minister of Foreign Affairs Sameh Shoukry. This came during a phone call on Saturday, where top diplomat valued the efforts made by Egypt that led to ...

ABU DHABI / WAM The Cuban government held an official ceremony in the country’s capital, Havana, to coincide with the arrival of UAE medical aid. The UAE recently dispatched an aid plane carrying eight metric tonnes of medical supplies to support Cuba in curbing the spread of the coronavirus pandemic. Commenting on the occasion, UAE Ambassador to Cuba Bader Abdulla ...