Bloomberg SoftBank Group Corp. shares climbed to a new 20-year high as investors rally behind founder Masayoshi Son‘s more cautious strategy of selling assets, paring debt and buying back shares. The Tokyo-based company’s stock gained more than 3% to 7,244 yen, the highest level since March of 2000 in the midst of the dot-com boom. The stock had already hit ...

Abu Dhabi / WAM The number of subscribers in telecommunications services in the UAE, including mobile phones, landlines and Internet, grew to 21.808 million by the end of August, 1 percent up compared to the preceding month. The latest statistics released by the Telecommunications Regulatory Authority (TRA) indicated an increase in the number of mobile phone subscribers to 16.685 million ...

Bloomberg Nearly 200 countries are nearing a legally-binding agreement to reduce pollution from the world’s cargo ships, a step forward after two years of talks on how the industry should clean up its emissions. A series of virtual meetings will start on Monday hosted by the United Nations shipping agency over a new rating system that will measure the carbon ...

DUBAI / WAM The Dubai Financial Market (DFM) on Sunday introduced equity futures trading, as part of its new Futures Trading Platform, amid unprecedented participation from the brokerage community. This step provides further impetus to DFM’s strategy to diversify product offerings and attract more investments. The DFM has developed a robust regulatory framework, in line with international best practices, creating ...

KHARTOUM / WAM Dr Khalid Abdel Wahhab Al Khajah, Executive Manager of the International and Humanitarian Charity Organisation (IHCO) in Ajman, laid the foundation stone for the building of a new community, named “Al Salam Village”, in Sudan’s River Nile State. The village will see the construction of 200 houses for local people affected by floods that recently swept through ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa) announced on Sunday that it completed repayment of its last outstanding bond of $1.5 billion. The Global Medium Term Note (GMTN) bond that was issued in 2010 matured and has been fully repaid. With this step, Dewa is having Zero debt on its books. Consistent with Dubai’s steady growth, Dewa has ...

Abu Dhabi / WAM Noura bint Mohammed Al Kaabi, Minister of Culture and Youth, held a discussion with Lilja Lilja Dögg Alfreðsdóttir, Iceland’s Minister of Education, Science and Culture, to review options in reinforcing cultural and creative relations between the UAE and Iceland. During the meeting, Al Kaabi reviewed achievements of the creative sector since the start of the Covid-19 ...

ABU DHABI / WAM Abu Dhabi will host the oil and gas industry’s largest online exhibition and conference, as the Adipec Virtual Conference brings together over 5,000 government ministers, global energy leaders and professionals to assess the collective measures the sector is putting in place to fast-track recovery, post Covid-19. Held under the patronage of President His Highness Sheikh Khalifa ...

Abu Dhabi / WAM The United Arab Emirates has strongly condemned the terrorist and criminal act that took place in the town of Conflans-Sainte-Honorine, near the French capital Paris, which resulted in the killing of a French national. In a statement, the Ministry of Foreign Affairs and International Cooperation (MoFAIC) expressed its strong condemnation of this heinous crime and all ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 115,293 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. As part of its intensified testing campaign, MoHAP announced 1,215 new coronavirus cases, bringing the total number of recorded cases in the UAE to 115,602. MoHAP also noted an additional 1,162 ...