December, 2021

• 19 December

  China’s love for new mutual funds cools after tough year

  

    Bloomberg A tumultuous year for Chinese markets looks to be finally weighing on demand for new stock funds. While equity funds have raised 2 trillion yuan ($314 billion) this year — matching 2020’s record — fundraising this quarter is poised to be the slowest in two years, according to data from consultancy Z-Ben Advisors Ltd. Launches have slowed through ...

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• 19 December

  Tesla is trounced by obscure EV suppliers with 200% returns

  

    Bloomberg Producers of battery metals and specialist chemicals for electric cars are outpacing sector leaders like Tesla Inc in the stock market as prices of key commodities climb due to tight supply and wider adoption of zero-emission vehicles. Pilbara Minerals Ltd, a Perth-based supplier of lithium raw materials, jumped more than 210% this year, while Ecopro BM Co and ...

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• 19 December

  Adio, Plug and Play reveal founding partners for innovation platform

  

    Abu Dhabi / WAM Committed to empowering, connecting, and investing in startups, Plug and Play Abu Dhabi, the largest innovation enabler in the world, and Abu Dhabi Investment Office (Adio), the government entity enabling investment in Abu Dhabi, have officially announced their final list of founding partners for the Industry 4.0 open innovation platform in Abu Dhabi. Mid Q3 ...

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• 19 December

  Oil falls as tightening Fed, omicron sour sentiment

  

    Bloomberg Oil posted a weekly decline after a volatile few days that saw traders grow more concerned about the demand impact from the omicron variant and tighter monetary policy. Futures in New York fell as much as 3.4% to briefly trade below $70 a barrel. It ended the week losing over 1% as daily Covid-19 cases in the UK ...

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• 19 December

  UAE leaders congratulate Emir of Qatar on National Day

  ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a message of congratulations to HH Sheikh Tamim bin Hamad bin Khalifa Al Thani, Emir of Qatar, on his country’s National Day. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and HH Sheikh Mohamed ...

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• 19 December

  Al Qana’s The Bridge Lifestyle Hub opens

  Abu Dhabi / WAM The Bridge | Lifestyle Hub, a world-class landmark fostering natural and holistic wellness to transform people’s lifestyles, has officially opened its doors to the Abu Dhabi community. The 8,000 square metres site is an integrated lifestyle hub, which strives to transform how community members understand health and wellness in Abu Dhabi. It is the latest facility ...

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• 19 December

  FTA confirms systems’ readiness of VAT refund scheme for tourists

  

    Abu Dhabi / WAM The Federal Tax Authority (FTA) organised field tours to the ‘Self-Service Kiosks’ in Dubai International Airport – part of the Value Added Tax (VAT) Refund Scheme for Tourists – to ensure the system’s readiness. The tour is in line with the FTA’s strategy to provide services that meet taxpayers’ aspirations, and its commitment to abiding ...

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• 19 December

  UAE minister tours Panama pavilion at Expo 2020 Dubai

  

    Dubai / WAM Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, toured the Panama Pavilion at Expo 2020 Dubai, themed ‘An introduction to the endless opportunities in Panama’. Any Lam Chong, Director of the Panama Pavilion, welcomed Minister of Climate Change and the Environment and accompanied her on the tour. Through a virtual reality cruise on ...

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• 19 December

  UAE announces 266 new Covid-19 cases

  

    Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 235,367 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. ...

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• 19 December

  Seha’s Frontline Heroes of pandemic to be rewarded

    Abu Dhabi / WAM In recognition of the continued efforts of Abu Dhabi Health Services Company (Seha) in combatting the Covid-19 pandemic, Flash Entertainment has announced that it will provide exclusive opportunities for Seha staff to experience its new calendar packed with great live events. The partnership between the UAE-based Flash Entertainment, the Middle East’s leading live entertainment company, ...

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