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South African stocks slide

Bloomberg South Africa’s main equities index fall, led by Naspers Ltd and its Prosus NV unit after Hong Kong-listed Tencent Holdings slumped amid a widening Chinese antitrust probe of the technology sector. With a stake of about 31%, Prosus is Tencent’s largest shareholder. The benchmark FTSE/JSE Africa All Share Index falls 0.8% to 58,721 in Johannesburg, with cyclical sectors including ...

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UAE on frontlines to combat spread of epidemics globally

ABU DHABI / WAM The UAE is on the frontlines of combatting the spread of epidemics globally, and is one of the key supporters of the international efforts to prevent the spread of many viral diseases that pose serious threats to human safety. The UAE celebrated annual International Day of Epidemic Preparedness on December 27, which was launched by the ...

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Mohammed approves AED57.1b Dubai budget

DUBAI / WAM In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, approved the Government of Dubai’s general budget for the fiscal year 2021, with total expenditures of AED57.1 billion. The newly-announced budget takes into account the exceptional economic conditions of the fiscal year 2020 and ...

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