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  Bloomberg Hong Kong’s biggest remaining pro-democracy news outlet closed after becoming the target of a national security investigation, capping a year of historic strokes by Beijing to silence dissent in the Asian financial center. Stand News announced on Wednesday on Facebook that it would immediately lay off all staff and cease operations, and take down its website and social ...

  Bloomberg Pressure is piling on President Jair Bolsonaro to provide more financial aid to Brazilian states affected by heavy rains that have left several cities underwater and thousands of people homeless. The president, who’s vacationing at a beach in the south of country, published a decree setting aside 200 million reais ($35.5 million) to rebuild highways and roads destroyed ...

  Abu Dhabi / WAM The drivers of the UAE’s economy in 2021 included five key pillars, which are the launch of an industrial strategy worth AED300 billion, the start of trading in Murban crude oil, the launch of the first projects of the “Projects of the 50”, Expo 2020 Dubai, and the announcement of President HH Sheikh Khalifa bin ...

  Abu Dhabi / WAM The Emirates Development Bank (EDB) has announced that its Business Banking App has supported more than 500 UAE-based SMEs and start-ups by opening accounts for them in less than 48 hours over the past three months, reinforcing its growing demand and the significance. Designed to support the SMEs operating within the UAE, the app offers ...

  Abu Dhabi / WAM The Ministry of Foreign Affairs and International Cooperation (MoFAIC) has announced that UAE nationals with diplomatic, special and normal passports can now travel to the Republic of Tajikistan without pre-entry visas and for stays of up to 30 days for each visit. The decision comes into effect on January 1, 2022. Entry to Tajikistan for ...

  DUBAI / WAM Dubai Chamber has announced that it will shift to a 4.5-day working week starting January 3, 2022, in a move that falls in line with a newly approved work week for the UAE federal government employees. The official working hours will be 9 working hours per day Monday-Thursday, from 8:00 until 17:00, and four working hours ...

  DUBAI / WAM Shaheen H Al-Ghanem, CEO of Warba Bank, a leading Kuwaiti Islamic Bank, Tuesday rang the market-opening bell to celebrate the listing of the bank’s $250 million perpetual Tier-1 Sukuk on Nasdaq Dubai, in the presence of Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM). This is the third Sukuk listing by Warba Bank ...

  Bloomberg North Korea’s ruling party started a major policy meeting to lay out priorities for the coming year and how to respond to the Biden administration’s invitation to return to nuclear disarmament talks stalled for about two years. Leader Kim Jong-un attended the opening session of a Workers’ Party Central Committee meeting, the official Korean Central News Agency said. ...

  Bloomberg Chancellor of the Exchequer Rishi Sunak plans to cut tens of thousands of jobs within the UK civil service over the next three years, the Financial Times (FT) reported. The Treasury is expected to set parameters for the reductions in early 2022, the newspaper reported, citing people briefed on the plans. The reductions are meant to save government ...

  Bloomberg Canada has welcomed more than 401,000 permanent residents in 2021, achieving its goal set last year, and marking the highest immigration year on record. The federal government announced the milestone, adding that the record immigration flows were attained despite the ongoing pandemic, which prompted the country to close its borders to foreigners for much of the year. Because ...