Bloomberg Singapore’s central bank signaled it would keep monetary policy unchanged for longer to complement a massive fiscal stimulus supporting the economy’s recovery. The Monetary Authority of Singapore, which uses the exchange rate as its main tool rather than a benchmark interest rate, kept its policy settings unchanged, in line with economists’ forecasts. The slope of the currency band was ...

Bloomberg European investors started the past week preparing for a Brexit showdown. They ended up getting blindsided by a fresh wave of virus restrictions, in a reminder of the pandemic’s power to thrash markets. The announcements of Paris curfews and London curbs on activity was what ultimately drove the Stoxx 600 to its first weekly loss in three and sent ...

Bloomberg A rally in Canadian transport stocks is gaining momentum, backed by a pick-up in e-commerce as consumers favour online shopping amid a resurgence of coronavirus in parts of the country. The ongoing pandemic, coupled with strong demand from online retail sales in the third quarter and Amazon.com Inc.‘s two-day Prime Day sale this week, turned investors’ attention to shares ...

Bloomberg Oil posted a small weekly gain on tentative signs that demand is picking up even as a new wave of coronavirus cases casts a shadow over the market. Futures in New York edged lower, but still managed to record an advance of 0.7% this week on shrinking US crude stockpiles and signs of improving demand in China and India. ...

Abu Dhabi / WAM Wizz Air Abu Dhabi, the new national airline of the UAE’s, officially received its Air Operator Certificate (AOC) from the UAE General Civil Aviation Authority (GCAA). Receiving the AOC completes the last step in the regulatory processes for starting the airline and is the confirmation from the GCAA that Wizz Air Abu Dhabi is in compliance ...

Abu Dhabi / WAM Aldar Properties (Aldar) signed a Memorandum of Understanding (MoU) with the Frontline Heroes Office (FHO) to recognise and support UAE’s frontline professionals. The agreement allows Aldar to directly support the Frontline Heroes Office’s mission to raise awareness of the key role played by frontline professionals during crises and emergencies in 2020 and beyond. The FHO supports ...

Dubai / WAM Dubai Customs made another success story thanks to the fruitful cooperation with its clients and strategic partners as it raised the percentage of online services to 99.3 percent, completing 7.2 million transactions during first six months of this year, growing 38.5 percent compared to 5.2 million transactions in the corresponding period last year. This has led to ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 130,567 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 1,538 new coronavirus cases, bringing the total number of recorded cases in the UAE to 114,387. The ministry also noted an additional ...

ABU DHABI / WAM The Federal Customs Authority (FCA) signed a memorandum of understanding (MoU) with Dubai Exports Corporation, a Dubai economic institutions, with a view to boost joint collaboration, facilitate business and trade for Dubai emirate’s exporters and share information and expertise between the parties. The MoU was remotely executed by Alia Almarmoom, Managing Director of Customs Affairs Sector, ...

Dubai / WAM Shuaa Capital has approved the issuance of non-convertible bonds valued at $150 million in one or more tranches in a private placement. These bonds will be listed on a market outside the UAE, the company said in an announcement on the website of the Dubai Financial Market where its shares are listed. During the company’s ordinary general ...