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‘UAE preferred destination for residence, investment’

Dubai / Emirates Business Khalifa Saif Al Muhairbi, Chairman of the Board of Directors of the Arabian Gulf Investment Company, said that the Cityscape Global Real Estate Exhibition at the “Dubai Exhibition Center” in Expo 2020 Dubai from November 9-11 is very important for real estate development and investment companies to introduce their projects. It is also an opportunity for ...

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UAE endorses policy action agenda for transition to sustainable food, agriculture

Glasgow / WAM Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, announced the UAE’s endorsement of the Policy Action Agenda for Transition to Sustainable Food and Agriculture, at a high-level event on ‘Accelerating a just rural transition to sustainable agriculture for people, climate and nature’ that took place as part of COP26 Nature Day. The document sets ...

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Europe is experiencing two different pandemics

A year ago, the course of the pandemic changed, thanks to the first safe and effective vaccines against Covid-19. Today, after administering 7.3 billion doses and preventing countless severe deaths, we have more data than ever to justify that early enthusiasm — and the need to keep jabbing. On top of waning immunity and the lifting of restrictions, countries with ...

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Message in gold’s bad vaccine year

It’s been 12 months. On November 9 last year, Pfizer Inc awoke the world to the triumphant news that it had developed a vaccine for Covid-19 that worked. It was one of the clearest market turning points in memory. As far as most of us were concerned, it was also one of the best items of news we could remember. ...

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Middle managers will decide diversity drive

Firms are at pains to promote diversity in their leadership and at the entry level. But what about the vast mass of employees in between? Socially minded investors need to have middle managers in their sights too. The terms for middle management — “permafrost,” “the frozen middle” — are generally miserable. “Frontline managers” is often preferred. However they’re described, the ...

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Banks led by JPMorgan have $125b for you!

Big banks are rolling in free cash, but investors are struggling to believe that some of them will ever hand it over. They should take another look. Fifteen of the biggest US and European banks have piled up more than $125 billion of excess capital after the first nine months of 2021. Profits soared after a spell of record corporate ...

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British Airways plans Gatwick relaunch post union deal in ’22

Bloomberg British Airways (BA) is set to operate a new unit offering European flights from London Gatwick airport in March following a deal with cabin crew. The breakthrough in talks with flight attendants comes after an earlier deal with pilots and leaves only terms with ground staff to be settled, Luis Gallego, chief executive officer of BA parent IAG SA, ...

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Indian beauty site soars 89% in trading after IPO

Bloomberg FSN E-Commerce Ventures Ltd, the entity that operates the Indian beauty startup Nykaa, rose as much as 89% on debut, even as the broader equity market dipped. The Mumbai-based firm was trading at 2,063 rupees ($28) as of 10:13 am in Mumbai on Wednesday, after pricing its initial public offering at 1,125 rupees per share, the top of a ...

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Sydney Airport sells for $17b as Australia reopens borders

Bloomberg Sydney Airport agreed to sell itself to a consortium of funds for $17 billion, just as Australia reopens its borders to international travel. The airport’s board accepted an offer of A$8.75 per share from a group led by IFM Investors, and unanimously recommended shareholders vote to approve the deal early next year, the company said. The agreement is the ...

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Putin brushes off Merkel’s call to stop Belarus on migrants

Bloomberg President Vladimir Putin brushed off a request by Chancellor Angela Merkel to exercise his influence over Belarus as the European Union prepares a fresh raft of sanctions against the regime in Minsk for channeling thousands of migrants to the bloc’s border. With footage of clashes on Poland’s frontier with Belarus and EU leaders accusing the country’s president, Aleksander Lukashenko, ...

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