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Bloomberg The US and Russia will send senior officials to Vienna on June 22 for a new round of arms-control talks, a State Department official said, as the Trump administration tries to enlist Moscow’s help bringing China into broader negotiations to limit all three countries’ nuclear weapons stockpiles. The official didn’t rule out that the US may be willing to ...

Bloomberg Demand for government bonds is showing no signs of letup, with Ireland securing record investor demand despite a host of countries, including the UK, selling debt. Ireland racked up more than 50 billion euros for its sale of 10-year debt, trumping the 33 billion euros secured in April. The UK meanwhile is selling 30-year bonds via banks against a ...

Bloomberg The fallout from Covid-19 is hurting the financial wellbeing of Greek and Romanian consumers the most in Europe, while those in Scandinavia are least affected. Swedish debt collector Intrum AB surveyed European consumers on their financial security and nearly half of the respondents said their wellbeing has declined today compared with six months ago. “The survey clearly shows that ...

Bloomberg The euro has carved out a dominant position in the fast-growing market for green-bond financing, accounting for almost half of all new issuances last year, according to the European Central Bank (ECB). The development dovetails with European Union ambitions to make the continent the first climate-neutral region by 2050. ECB President Christine Lagarde has promised to reflect on how ...

Dubai / WAM Dubai International Financial Centre (DIFC) announced on Monday that it has invested in four fintech start-up companies. According to a DIFC press statement, the investment reflects the centre’s commitment to driving the future of finance and is part of the $100 million FinTech Fund launched in 2019. The FinTech Fund was launched to help establish, grow and ...

ABU DHABI / WAM The Abu Dhabi Department of Economic Development (Added) announced that it has launched an e-contract and e-signature system which will enhance the issuance of economic licenses for one person companies (OPC) and limited liability companies (LLC). The initiative seeks to hasten the issuance of licenses for applicants through obtaining a certified Memorandum of Association (MoA) via ...

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 ...