November, 2021

• 24 November

  Ericsson inks largest deal with $6.2bn Vonage takeover

  

  Bloomberg Ericsson has agreed to buy Vonage Holdings Corp in its biggest-ever deal, a takeover that also concludes a brief but successful activism campaign by Jana Partners. Ericsson’s $6.2 billion all-cash offer for Vonage dwarfs its 1.2 billion pound ($1.6 billion) acquisition for Telent Ltd telecom equipment assets in 2005, according to data compiled by Bloomberg. Jana Partners, which owns ...

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• 24 November

  Time to buy China stocks, trim India exposure: BlackRock

  

  Bloomberg BlackRock Inc is trimming its investments in Indian equities and becoming more optimistic on China on attractive valuations amid expectations that policy hurdles will ease next year. “Valuations are the key right now,” Belinda Boa, head of active investments for Asia Pacific at the world’s biggest asset manager, said at a briefing. “Because of the outperformance we’ve seen in ...

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• 24 November

  European stocks, futures drop as bets on dovish Fed pruned

  

  Bloomberg US index futures and European stocks fall as investors weighed the prospects of a quicker withdrawal of monetary stimulus and the economic impact of renewed lockdowns. December contracts on the S&P 500 Index falls 0.4% after the underlying gauge posted a last-hour decline. A rout in technology shares that spurred those losses echoed in a 0.6% drop in Nasdaq ...

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• 24 November

  Apple posts longest rally since July as tech broadly falls

  Bloomberg Apple Inc shares closed at a record high, with the iPhone maker bucking broad-based weakness in the tech sector to rise for a seventh straight session. The stock rises as much as 3.2% but pared much of that advance in afternoon trading, ending with a gain of 0.3%. The company’s seven-day rally represents its longest streak of positive sessions ...

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• 22 November

  UAE, Jordan, Israel collaborate on renewable power projects

  

  Dubai / WAM The governments of Jordan, Israel and the United Arab Emirates on Monday signed a landmark declaration of intent to build renewable electricity and water desalination capacity and address the threat posed by climate change on energy and water security in the region. The signing, that took place at the UAE Leadership Pavilion at Dubai Expo, was witnessed ...

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• 22 November

  FNC Parliamentary division to take part in IPU meetings

  ABU DHABI / WAM The Federal National Council (FNC) Parliamentary Division will participate in the 143rd General Assembly of the Inter-Parliamentary Union (IPU), the 208th session of its Governing Council, and the meetings of the union’s Executive Committee and standing and specialist committees, to be hosted by the Spanish Parliament in Madrid from November 24-30. Dr Ali Rashid Al Nuaimi, ...

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• 22 November

  Adnoc Distribution opens fully autonomous, cashier-less store

  

  Abu Dhabi / WAM Adnoc Distribution has become the first fuel retailer in the Middle East to launch the next generation retail experience, a fully autonomous and contactless and cashier-less Adnoc Oasis store. The first new generation store has been opened at Adnoc’s Sheikh Khalifa Energy Complex, said a press release issued on Monday. It offers new cashless and contactless ...

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• 22 November

  Wizz Air Abu Dhabi offers 50% discount on all flights

  

  ABU DHABI / Emirates Business Wizz Air Abu Dhabi, the UAE’s ultra-low-fare national airline, has announced it will offer a special 50% discount on its flights to all destinations to celebrate the UAE’s Golden Jubilee anniversary. The 50% discount flights are now on sale on wizzair.com and the airline’s mobile app (also available in Arabic). The airline is also launching ...

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• 22 November

  Rakez mobile app goes live

  Ras Al Khaimah / WAM Ras Al Khaimah Economic Zone (Rakez) has unveiled the Rakez mobile app, another key milestone in the economic zone’s ongoing digitisation journey that aims to boost the ease and accessibility it offers to global investors. Available on both Apple Store and Google Play, the app is packed with wide-ranging features that allow clients to submit ...

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• 22 November

  EAD highlights Abu Dhabi fisheries’ success story

  Abu Dhabi / WAM The Environment Agency – Abu Dhabi (EAD) organised a special viewing of a documentary at Expo 2020. Called “Our Sea Our Future,” the feature-length production showcased the success story of improving fish stocks in Abu Dhabi. The documentary was shown as part of the EAD Inspiration Series at Expo 2020 Dubai’s Terra – The Sustainability Pavilion ...

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