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Bloomberg The African Development Bank (AfDB) said it issued the world’s biggest social bond yet by selling $3 billion of notes to fight the impact of the coronavirus on the continent. Africa’s biggest multilateral lender received $4.6 billion in bids for its Fight Covid-19 social bond, it said in a statement. More than half of bids for the three-year bond, …

Bloomberg Bank of America Corp. (BofA) said it won’t cut any jobs this year as a result of the coronavirus, and is helping clients affected by the pandemic through increased commercial lending to companies and expanded forbearance for Main Street customers. The Charlotte, North Carolina-based lender has hired 2,000 people this month and is shifting more than 3,000 employees to …

Bloomberg Morgan Stanley won US antitrust approval for its $13 billion acquisition of discount brokerage E*Trade Financial Corp., according to a person familiar with the matter. The Justice Department’s antitrust division has signed off on the takeover without requiring any changes, said the person, who asked not to be identified because the decision hasn’t been made public. A Morgan Stanley …

GULF TIME Vapiano is set to introduce breakfast for the first time in its history across its UAE outlets, marking an exciting new chapter for the international dining brand. The new Vapiano Breakfast Menu has been created to bring a fresh, social, and relaxed international lifestyle experience to the morning dining scene, offering guests a new way to begin their …

NEW WEST ZONE SUPERMARKET LLC, the registered and exclusive owner of the trademark “WEST ZONE” in the United Arab Emirates, hereby declares that  the company has no procurement or marketing branch operating in any of the Emirates in the UAE except “ Dubai”. The public, customers, and suppliers are hereby cautioned not to deal with any entity claiming to represent or belong …

ABU DHABI/WAM The Securities and Commodities Authority (SCA) is calling on investors to collect their dividends through First Abu Dhabi Bank (FAB), the paying agent appointed to handle the process. This comes as a part of its ongoing efforts to protect the rights of shareholders in companies listed on the UAE stock exchanges and ensure they claim any outstanding entitlements …

DUBAI/WAM Capital.com, the high-growth global trading platform and fintech group, has announced it is now offering its customers access to the principal UAE stock markets – becoming one of the first major trading platforms to do so. In a move that reflects the growing interest in the region’s economy, Capital.com is providing full coverage of the Abu Dhabi Securities Exchange …

ABU DHABI / WAM The Abu Dhabi Securities Exchange (ADX), the second-largest exchange in the Middle East, on Tuesday welcomed the successful listing of Alpha Data, a leading digital transformation provider and systems integrator in the UAE. This marks the UAE’s first IPO and the exchange’s second offering in 2025, reinforcing the exchange’s commitment to broadening the market and offering …