August, 2021

• 29 August

  Opec+ seen sticking to planned output hike as oil prices rebound

  

  Bloomberg The Organisation of Petroleum Exporting Countries (Opec) and its allies are expected to press on with their planned revival of oil production when they meet next week, as prices bounce back from their August stumble. The coalition led by Saudi Arabia and Russia is gradually restoring the vast amount of crude production halted during the pandemic, and will probably ...

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• 29 August

  WNA congratulates UAE for success of Barakah Unit 2

  London / WAM The World Nuclear Association (WNA) congratulated the UAE for successful start-up of second unit at Barakah Nuclear Power Plant. The Emirates Nuclear Energy Corporation (Enec) announced that its operating and maintenance subsidiary, Nawah Energy Company (Nawah) has successfully started up Unit 2 of the Barakah Nuclear Energy Plant, located in Al Dhafra Region of Abu Dhabi. This ...

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• 29 August

  Women make 25% of workforce in Tawazun

  

  Abu Dhabi / WAM Women make over 25 percent of the total workforce in Tawazun Holding, while accounting for 10 percent of technical and technology related jobs in the company, said Tareq Abdulraheem Al Hosani, Chief Executive Officer of Tawazun Economic Council. He added that Tawazun Holding’s management believes in the important role of women and seeks to provide opportunities ...

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• 29 August

  ADX cuts trading commissions by 50%, extends trading hours

  

  Abu Dhabi / Emirates Business The Abu Dhabi Securities Exchange (ADX) has reduced its trading commissions by 50% and will extend its trading hours by one hour, with the market opening at 10am and closing at 3pm. The reduction in trading fees, to 0.025% from 0.05%, which will take effect starting September 1, is the exchange’s second commission cut in ...

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• 29 August

  India extends Covid-19 curbs till September end

  

  New Delhi / WAM India’s Ministry of Home Affairs, in exercise of powers under the country’s Disaster Management Act, has extended the countrywide restrictions to contain Covid-19 until September 30. In a letter to Chief Secretaries of all states and Administrators of union territories, Home Secretary Ajay Bhalla wrote that “the overall pandemic situation at the national level now appears ...

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• 29 August

  DFM extends trading hours to five hours daily

  DUBAI / WAM Dubai Financial Market (DFM) on Saturday announced the extension of its trading hours to from four hours to five hours daily as of October 3 in line with directions of the Securities and Commodities Authority (SCA) and in coordination with various stakeholders. Hassan Al Serkal, CEO of the DFM said: “The new initiative will further strengthen leading ...

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• 29 August

  Sheikh Mohammed, Qatar Emir meet on sidelines of Iraq summit

  

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, met on Saturday with HH Sheikh Tamim bin Hamad Al Thani, Emir of the sisterly State of Qatar, on the sidelines of the “Baghdad Conference for Cooperation and Partnership”, held in the Iraqi capital, Baghdad. HH Sheikh ...

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• 29 August

  UAE reports 1,559 new recoveries from Covid-19

  

  ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 309,312 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. As ...

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• 29 August

  Sheikh Mansour okays ADJD’s new strategic plan 2021-2023

  

  Abu Dhabi / WAM HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs, and President of Abu Dhabi Judicial Department (ADJD), has approved the ADJD’s new Strategic Plan 2021-2023. The new plan constitutes a starting point in the process of developing the judicial work during the next phase, to achieve judicial leadership on a global ...

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• 29 August

  ADX reduces trading fees, extends its trading hours

  

  Abu Dhabi / Emirates Business The Abu Dhabi Securities Exchange (ADX) has reduced its trading commissions by 50% and will extend its trading hours by one hour, with the market opening at 10am and closing at 3pm. The reduction in trading fees, to 0.025% from 0.05%, which will take effect starting September 1, is the exchange’s second commission cut in ...

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