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HK bourse plans to allow multiple clearing banks for cash trades

Bloomberg Hong Kong’s stock exchange is planning to allow cash market traders to use multiple banks to settle transactions, a move that will help diversify risks and may also mitigate the dangers posed by any escalation in sanctions by Washington and Beijing. Hong Kong Exchanges & Clearing Ltd (HKEX) is drawing up plans to allow traders to sign up multiple ...

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Fuel assemblies loading begins at Unit 3 of Barakah nuclear plant

  Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec) announced on Sunday that its operating and maintenance subsidiary Nawah Energy Company has received the Operating License from the UAE’s Federal Authority for Nuclear Regulation (FANR) for Unit 3 of the Barakah Nuclear Energy Plant, and the process of loading fuel assemblies into the reactor has begun in line ...

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RTA’s revenues via digital platforms hit AED3.5bn

  Dubai / WAM Mattar Mohammed Al Tayer, Director-General, Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), has revealed that RTA’s revenues collected via digital platforms increased by 32 percent in 2021 through 309 services provided via digital channels. RTA’s total digital revenues amounted to AED3.5 billion, compared to approximately AED2.65 billion in 2020. ...

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