August, 2021

• 24 August

  China opportunities ‘too big to ignore’: HSBC chairman

  

  Bloomberg HSBC Holdings Plc Chairman Mark Tucker, speaking in Hong Kong after passing through the city’s rigid three-week quarantine, said the opportunities in China are “too big to ignore” even as geopolitical tensions escalate. “We’re moving to a new status quo in Sino-US relations,” Tucker said in a video obtained by Bloomberg News of a discussion last week at a ...

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• 24 August

  SGX is eyeing first US dollar bond amid acquisition push

  

  Bloomberg Singapore Exchange Ltd (SGX) is planning a maiden dollar bond offering, which would make it the latest entrant in a rush by Asian firms to lock in cheap borrowing costs. The city-state’s sole equities bourse hired banks for a potential US currency note and will hold investor calls from on Tuesday, according to a person familiar with the matter, who ...

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• 24 August

  Red-hot India market rally relying on fewer and fewer stocks

  

  Bloomberg As India’s world-beating stock rally powers ahead, skeptics are pointing to lousy market breadth as a sign that further gains may be harder to come by. The NSE Nifty 200 Index has more than doubled from a March 2020 low — weathering alarming Covid-19 infection and death rates, strict lockdowns and slower economic growth — thanks to a massive ...

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• 24 August

  Emirati-Chinese ties witnessing historic special era: UAE envoy

  

  BEIJING / WAM Ali Obaid Al Dhaheri, UAE Ambassador to China, said the bilateral ties between the UAE and China are witnessing a historic and special era, as the two countries are supporting each other in regional and international events. In his statement during the inauguration of the 5th China-Arab States Expo in Yinchuan, China, Al Dhaheri stressed that China ...

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• 24 August

  Afghan crisis: New Zealand lauds UAE for evacuations

  ABU DHABI / WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, has received a phone call on Monday from Peeni Henare, Minister of Defence of New Zealand. The two ministers discussed cooperation and joint action between the UAE and New Zealand in defence and military affairs, and touched upon regional issues of common interest. They also ...

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• 24 August

  ADIB launches first Islamic digital bank for youth

  

  ABU DHABI / WAM Abu Dhabi Islamic Bank (ADIB) on Monday officially unveiled “Amwali” digital bank, the world’s first Islamic digital bank targeting youth between the age of 8 to 18. Co-created with the Founders Club, a cohort of Emirati youth and their parents, the all-in-one banking solution is designed to empower young customers with a dedicated digital banking experience, ...

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• 24 August

  Masdar City free zone launches new license plans for business

  

  ABU DHABI / WAM Masdar City Free Zone has announced the launch of new business package options for new and existing companies based in the region’s hub for innovative sustainable technologies, Masdar City. In line with the recent UAE government announcement to ease the business environment in the UAE, Masdar City Free Zone has introduced the new business package options ...

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• 24 August

  Agthia launches 1st online auction platform for dates

  

  ABU DHABI / WAM Agthia Group on Monday announced the launch of eZad, an innovative, convenient and efficient business to business eAuction platform, where buyers from across the globe can buy dates in bulk from sellers in the UAE. eZad makes buying and selling of dates faster, more transparent and profitable for all stakeholders. In the first phase, eZad will ...

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• 24 August

  Team UAE fly for gold with Etihad

  ABU DHABI / WAM Etihad Airways, the national airline of the UAE, hosted 32 members of the UAE Paralympic Committee on their journey to the 2020 Paralympic Games taking place in Tokyo, Japan. The Olympic Games reached a spectacular finale on August 8, and the excitement continues as the Tokyo 2020 Paralympic Games open on August 24. The biggest para ...

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• 24 August

  Emirates NBD seeks to double diamond trade financing

  

  Dubai / Emirates Business Emirates NBD, a leading banking group in the Menat (Middle East, North Africa and Turkey) region, announced plans to increase financing available to the Dubai diamond industry and double its diamond financing book in the UAE by 2025. Emirates NBD has collaborated with Dubai Multi Commodities Centre (DMCC) on the project to leverage its expertise and ...

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