DUBAI / WAM The Dubai Financial Market (DFM) on Tuesday officially launched its new subsidiaries, Dubai Clear and Dubai CSD. Dubai Clear is the region’s first independent company central counterparty (CCP) for equity clearing, and Dubai CSD is the UAE’s first independent central securities depository (CSD) company. To celebrate the official launch of the two new companies, the DFM organised ...

Abu Dhabi / WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, and Krasimir Karakachanov, Minister of Defence of Bulgaria, have discussed cooperation relations between the two countries. In a telephone call on Tuesday, the two sides also reviewed the latest development of Covid-19 outbreak and the importance of coordinating and unifying efforts to curb its impact. ...

ABU DHABI / WAM In line with the Ministry of Health and Prevention’s plans to increase the number of Covid-19 tests throughout the country for the early detection of infections, particularly among those who had contact with already infected cases, the ministry has conducted 25,000 additional tests. Testing resulted in the detection of 541 new cases among various nationalities, bringing ...

ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation and Dato’ Sri Hishamuddin Hussein, Minister of Foreign Affairs of Malaysia, discussed, in a Video Conference call, ties of friendship and joint cooperation between the UAE and Malaysia. HH Sheikh Abdullah extended greetings on the occasion of the Holy Month of ...

ABU DHABI / WAM His Highness Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Member of Abu Dhabi Executive Council and Chairman of Abu Dhabi Executive Office, participated in a video conference meeting, during which he checked up on the developments and outcomes to date of the remote learning process in schools and universities across the emirate. During the meeting ...

ABU DHABI / WAM Hub71, Abu Dhabi’s growing tech ecosystem, has expanded to 51 startups with the announcement of 15 new joiners to the Hub71 Incentive Programme. “The Hub71 Selection Committee prioritised global startups in the field of HealthTech and EdTech, which provide essential technologies to support the private and public sector as they adapt to the challenges of the ...

New York / WAM During the open debate of the UN Security Council (UNSC) on the fifth anniversary of the Youth, Peace and Security Agenda, the UAE encouraged the council to invite more young leaders to brief on a regular basis to reflect on individual experiences while pursuing peace and security in their societies. The UAE also urged the international ...

Bloomberg Indonesians can expect to resume their normal life in July, with a ramp-up in testing and isolation of those affected expected to help the nation contain the pandemic, a senior official said. Health officials will continue the massive nationwide virus testing this month and next, followed by aggressive contact tracing and isolation of people exposed to those infected, Doni ...

Bloomberg Nissan Motor Co warned that it expects to post a loss for the just-ended fiscal year, becoming the latest global automaker to be hit by the coronavirus pandemic. Full-year operating profit for the year to March will be as much as 130 billion yen ($1.2 billion) less than the 85 billion yen forecast in February, the Japanese automaker said ...

Bloomberg Chinese investigators raided the offices of Luckin Coffee Inc. as part of a multi-agency investigation into its finances, according to a person familiar with the matter, as pressure grows on the formerly high-flying coffee chain at the centre of an accounting scandal. The raid was carried out jointly by officials from different government agencies as part of an investigation ...