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Surging inflows spur fight to limit Taiwan dollar’s strength

Bloomberg The intraday trading chart for Taiwan’s currency is looking more and more crazed as suspected intervention by the central bank combats pressure on the exchange rate to strengthen. Take Tuesday. The Taiwan dollar jumped as much as 0.7% against the greenback in morning trading, before giving up all its gains at the noon-time break. Upon resuming trade it strengthened ...

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Khalifa Fund provides AED50.3m loans to startups, SMEs in 2019

Abu Dhabi / WAM Khalifa Fund for Enterprise Development, the independent, non-profit development entity mandated by Abu Dhabi Government to support small and medium enterprises (SMEs) have revealed its achievements for year-end 2019. A fundamental pillar of Khalifa Fund is to support the growth of the entrepreneurial ecosystem in the UAE by providing funding for startups and SMEs through strategic ...

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Aramex ties up with Mubadala unit to deliver medical supplies

DUBAI / WAM Aramex on Tuesday announced that it has partnered with Mubadala Healthcare, a unit of Mubadala, to distribute door-to-door critical medical supplies to patients across the UAE. Under the agreement, Aramex will collaborate with participating hospitals under Mubadala’s Healthcare portfolio including Imperial College London Diabetes Centre, Healthpoint and Cleveland Clinic Abu Dhabi for next day delivery of over-the-counter ...

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