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Bloomberg Chinese artificial intelligence giant SenseTime Group Inc jumped on its first day of trading in Hong Kong after a rocky initial public offering that was delayed by concerns over fresh US sanctions. The stock gained as much as 23% in early trading before ending 7.3% higher, the biggest first-day gain since mid-July for any Hong Kong IPO that ...
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December, 2021
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30 December
Stocks, futures mixed; dollar and Treasuries rise
Bloomberg Stocks were mixed and US futures fluctuated on Thursday in the wake of another Wall Street all-time high on light volumes in the final days of the year. Treasury yields trimmed an advance. The Stoxx Europe 600 gauge was little changed at the open, with technology shares bouncing back to pare some of Wednesday’s drop. Contracts on the ...
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30 December
Oil holds near one-month high on signs US stockpiles falling
Bloomberg Oil held near a one-month high after industry data pointed to another drop in US crude inventories and traders bet the fast-spreading Omicron variant would prove to be less severe than earlier virus waves. West Texas Intermediate was steady near $76 a barrel after gaining 11% over the past five sessions. The American Petroleum Institute reported nationwide crude ...
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30 December
Sheikh Mohamed, Niger president discuss ties
Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Wednesday received a phone call from President of Niger, Mohamed Bazoum, dealing with cooperation and joint work in all fields and the promising opportunity to promote it, especially in the investment, economic, ...
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30 December
NMDC wins AED1.3bn contract from AD Ports
Abu Dhbai / WAM National Marine Dredging Company (NMDC), the UAE’s leading contractor in the field of engineering, procurement, construction and marine dredging in the Middle East spanning vital sectors, creating solutions that meet the challenges of the future in the energy EPC sector, has won an AED1.3 billion contract from AD Ports Group for the engineering and construction ...
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30 December
Expo 2020 Dubai cooperates with world for brighter future
Dubai / WAM From investment deals to climate goals, cross-border collaboration to multi-national festivals, the first three months of Expo 2020 Dubai have seen a plethora of link-ups between countries, organisations, and artists, showing that exhibition is truly exemplifying its theme, ‘Connecting Minds, Creating the Future’. In early October, Uganda signed business deals worth $650 million while in the ...
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30 December
Dana Gas receives $39mn from Egypt in December
SHARJAH / WAM Dana Gas received a payment of $39 million (AED143 million) from the Egyptian government in December, the company announced on Wednesday. This has reduced its receivables from the North African state below $30 million to its lowest levels since commencing operations there in 2007. It also complements what has already been a year of significant increases ...
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30 December
World Logistics Passport boosts Malaysia hub
Dubai / WAM POIC Sabah Sdn Bhd has joined the World Logistics Passport (WLP), the world’s first freight programme designed to increase trading opportunities between markets and accelerate the flow of global trade. The joining will enhance Malaysia’s access to global markets and strengthen the programme in the country and across Asia, offering key businesses unmatched opportunities and direct ...
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30 December
Abu Dhabi generates 84,740 GWh of electricity in 2020
Abu Dhabi / WAM The Abu Dhabi Department of Energy (DoE) has issued the ‘2020 Annual Technical Report for Water, Wastewater, and Electricity Sectors in the Emirate of Abu Dhabi’, as part of its role as the regulatory entity tasked with monitoring and enhancing the energy sector’s performance in the emirate. The objective of the report is to enable ...
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30 December
Report on growth prospects of Dubai’s cultural sector issued
Dubai / WAM Dubai Culture and Arts Authority (Dubai Culture) launched a report titled ‘Creative Dubai: Dubai’s Growing Cultural Industries’, which provides a comprehensive overview of Dubai’s cultural sector and charts a roadmap for its growth by proposing a strategy focused on seven enabling factors. The report outlines Dubai’s potential to become a global cultural hub and a pioneer ...
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