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Malaysia stocks rise as full lockdown avoided to allow recovery

Bloomberg Malaysia’s stocks climbed from a three-month low after the government resisted imposing a full lockdown to avoid derailing a nascent recovery in the economy. The FTSE Bursa Malaysia KLCI Index rises as much as 0.95% on Monday, snapping a three-day loss. Sime Darby Bhd. and Axiata Group Bhd led gains in the gauge. The government shortened business working hours ...

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UAE welcomes Palestine-Israel ceasefire, mourns loss of lives

NEW YORK / WAM The UAE stressed that it has been gravely concerned by the escalating violence in Israel and the Occupied Palestinian Territory. The UAE welcomed the news of a ceasefire agreement and expressed hope that it is durable, lasting, and might contribute to resumption of a credible wider peace process while restoring calm and building confidence between the ...

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World’s largest production superyacht launched in Dubai

Dubai / WAM HH Sheikh Mansour bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai Sports Council, on Sunday unveiled the Majesty 175, the world’s largest composite production superyacht, at its world premiere at Dubai Harbour. Pushing the boundaries in superyacht production through its lightweight material that enables effortless cruising in low-draft waters, the Majesty 175, fully manufactured in ...

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