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MSCI Singapore deletions shave $613m off market value

Bloomberg Four Singaporean blue-chip stocks lost a combined market capitalisation of $613 million amid record volumes after MSCI Inc. deleted them from its benchmark for the city-state’s largest stocks. Two of the four shares excluded from the MSCI Singapore Index — Singapore Press Holdings Ltd. and Sembcorp Industries Ltd. — became over-sold on a technical indicator, while ComfortDelGro Corp. and ...

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UAE: 648,684 business licences issued in May

ABU DHABI / WAM The total number of business licences issued in the UAE in May amounted to 648,684, an increase of 1,035 licences from those recorded at the end of April, as per statistics from the National Economic Register. This increase highlights the continuity of economic activities in the country, despite the global slowdown of the sector. The monitoring ...

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Abu Dhabi’s Adha launches smart service

Abu Dhabi / WAM The Abu Dhabi Housing Authority (Adha) has said its customers are now able to “self-complete” their housing applications online or via its smart app. In a statement on Sunday, Adha said the new feature is in line with its efforts to support all citizens and their requirements during the current circumstances.” The service will allow customers ...

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