April, 2022

• 1 April

  China tech stocks drop for second day amid risks from US delisting

  

    Bloomberg Chinese technology stocks fell for a second day amid continued concern about the risk of local firms getting kicked off American exchanges. The Hang Seng Tech Index, which tracks some of the biggest Chinese firms in the sector, closed down 0.7% Friday, having earlier lost as much as 3.9%. It falls 1.4% after the US securities regulator played ...

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• 1 April

  GameStop shares up 22%

  Bloomberg GameStop Corp shares surged as much as 22% in extended trading after the company said it plans to ask shareholders for approval of a stock split in the form of a dividend. The gaming retailer will request at its upcoming annual meeting that shareholders approve a proposal to increase the number of Class A shares to 1 billion from ...

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• 1 April

  Over 20 million visits indicate success of Expo 2020 Dubai

  

    DUBAI / WAM Osmar Chohfi, President of the Arab Brazilian Chamber of Commerce (ABCC), has said that visitors to Expo 2020 Dubai have exceeded 20 million, indicating that the global event was a success. “The past few years have proven to be an exceptionally challenging period for the world. We must laud the UAE’s successful efforts in organising the ...

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• 1 April

  Dubai food trade rises 11% to reach AED57 billion in 2021

  

    Dubai / WAM Dubai Customs on Thursday revealed the emirate’s external foodstuff trade in 2021 grew 11% to reach AED57 billion, compared to AED51.4 billion in 2020. According to the latest figures released by Dubai Customs, exports grew 11.3% to AED10.8 billion from AED9.7 billion in 2020, while re-exports went up by 10% to AED 7.9 billion from AED ...

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• 1 April

  UAE’s moon-sighting committee meets today

    ABU DHABI / WAM The UAE moon-sighting committee will meet on Friday, April 1 (Sha’ban 29), after the Maghreb prayer at the Abu Dhabi Judicial Department under the chairmanship of Abdullah Sultan bin Awad Al Nuaimi, Minister of Justice, to indicate the start of the Holy Month of Ramadan. The committee will hold a meeting under the chairmanship of ...

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• 1 April

  ADQ acquires majority equity stake in Unifrutti

  

    Abu Dhabi / WAM ADQ, an Abu Dhabi-based investment and holding company, on Thursday announced it entered an agreement to acquire a majority equity stake in Unifrutti Group (Unifrutti), a leading global producer and distributor of high-quality fresh produce, from existing shareholders. Unifrutti produces, trade and distributes more than 100 varieties of fresh produce including apples, bananas, cherries, grapes ...

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• 1 April

  Abu Dhabi govt entities unite in support of investors at AIM 2022

  

    ABU DHABI / WAM Five Abu Dhabi government entities have united at the Annual Investment Meeting (AIM) 2022 to demonstrate their support for local and international investors seeking expansion opportunities in the emirate. Led by the Abu Dhabi Investment Office (Adio), the group comprising Abu Dhabi Global Market (ADGM), Abu Dhabi Residents Office (ADRO), Abu Dhabi Securities Exchange (ADX) ...

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March, 2022

• 31 March

  Adnec’s largest exhibition hall in Mena 40% complete

  

  Abu Dhabi / WAM Abu Dhabi National Exhibitions Company (Adnec) has announced that 40 percent of construction work on the biggest exhibition hall in the Middle East and North Africa (Mena) has been completed. This hall, the first of its kind in the region, is being built on a space of 1,000 square metres in the Marina area, opposite the ...

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• 31 March

  UAE, Fiji sign deal in labour relations

    Dubai / WAM Dr Abdulrahman Al Awar, Minister of Human Resources and Emiratisation, and Faiyaz Siddiq Koya, Minister of Industry, Trade, Tourism, Lands and Mineral Resources of Fiji, signed a memorandum of understanding (MoU) in the area of labour relations, on the sidelines of the World Government Summit. During the signing, the two sides highlighted the importance of strengthening ...

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• 31 March

  Sharjah showcases its investment opportunities at Investopia summit

  

    Sharjah / WAM Key highlight of the UAE government’s inaugural Investopia global investment summit, which was organised at the world Government Summit (WGS 2022) taking place in the Dubai Exhibition Centre at Expo 2020 Dubai. A dialogue led by the Sharjah FDI Office (Invest in Sharjah) to inform the global business and investment communities about future opportunities in the ...

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