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China’s equity rout puts at risk $5bn worth of derivatives by Koreans

BLOOMBERG The persistent weakness in Chinese stocks listed in Hong Kong augurs ill for risk-loving retail investors in South Korea, given their exposure to the market through complicated structured products. Equity-linked securities, or ELS, worth 7 trillion won ($5.3 billion) — mostly tied to the Hang Seng China Enterprises Index — were at risk of capital losses as of end-June, ...

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Khaled bin Mohamed bin Zayed launches new vision and strategy for Abu Dhabi Media Network

ABU DHABI/ AD MEDIA OFFICE His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has launched the new vision and strategy for Abu Dhabi Media Network, during a launch ceremony held today at Abu Dhabi National Theatre. During the event, His Highness endorsed a detailed overview of the new ...

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UAE national banks lead in sustainable financing and climate initiatives ahead of COP28

ABU DHABI/ WAM National banks in the UAE are playing a pivotal role in promoting sustainable financing and supporting climate neutrality initiatives, in line with the UAE government’s vision to promote sustainable economic growth and achieve net zero by 2050. The banking sector’s significant role in combating climate change by providing green financing and supporting climate initiatives is summed up ...

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