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HK studies boosting yuan-denominated stocks on bourse

Bloomberg Hong Kong is studying an expansion of trading in stocks denominated in the yuan as China pushes to gain broader international acceptance of its currency. In her annual policy address, Chief Executive Carrie Lam, said the city was looking at expanding channels for yuan flows from mainland China, including allowing trading of yuan-denominated stocks via an established link to ...

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Adnoc, OCI plan to list 13.8% of Fertiglobe shares on ADX

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) and OCI backed fertiliser partnership, Fertiglobe, on Tuesday announced its intention to float a 13.8 percent stake on the Abu Dhabi Securities Exchange (ADX) through an initial public offering (IPO). This offering is open to UAE citizens and residents, as well as domestic and international institutional investors. The offer ...

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Sheikh Mohamed calls Oman’s Sultan after cyclone hits country

ABU DHABI / WAM HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Tuesday called His Majesty Sultan Haitham bin Tariq Al Said of Oman to check on the situation in the Sultanate in light of the tropical cyclone Shaheen that the country has been going through ...

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