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Chinese tech stocks fall to new crackdown lows, led by Alibaba

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  Bloomberg Chinese technology stocks dropped for a third straight session amid fresh worries over Beijing’s regulatory plans for the sector. The Hang Seng Tech Index falls 1.9% on Tuesday to the lowest close since its inception in 2020. Alibaba Group Holding Ltd. was among the biggest losers following a Bloomberg report that authorities have begun another round of checks ...

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ADX market liquidity jumps 5-fold in ’21 amid IPO boom

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  Abu Dhabi / WAM ADX’s market liquidity jumps five-fold in 2021 amid IPO boom. Traded values (buy + sell) on the exchange increased 407 percent from AED145 billion in 2020 to AED739 billion in 2021, driven by higher levels of domestic and international investment. Local investors accounted for 70 percent of the exchange’s traded value, while foreign institutional investors ...

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UAE among top donors to WFP, says UN official

ABU DHABI / WAM Mageed Yahia, United Nations World Food Programme (WFP) Director, UAE office, and Representative for the GCC Region, said the UAE is among the WFP’s leading international donors, noting the country’s key role in providing financial and logistical support, to reach out to needy people around the world. In an exclusive interview with the Emirates News Agency ...

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