September, 2021

• 15 September

  Stocks fluctuate before US CPI as crude oil advances

  

  Bloomberg Stocks and US futures fluctuated ahead of inflation data that could influence expectations about the Federal Reserve’s likely timing for paring stimulus. Treasury yields and the dollar were steady. Basic-resources shares declined in Europe as iron ore dropped for a fifth day, with production curbs in China weighing on demand and investors awaiting industrial and economic data due this ...

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• 14 September

  Chinese EV maker once worth more than Ford wipes out $80bn

  

  Bloomberg Evergrande New Energy Vehicle Group Ltd shares plunged anew on Tuesday, extending a decline that has wiped out more than $80 billion in market value from the would-be electric-car maker this year. The Hong Kong-listed company — which at its peak in April was worth more than Ford Motor Co despite not yet having a car on the market ...

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• 14 September

  Singapore plans local stocks boost with Temasek fund

  Bloomberg Singapore is planning new measures to boost its domestic stock market, according to people with knowledge of matter. State investment giant Temasek Holdings Pte.’s 65 Equity Partners Holdings Pte, with a fund size of at least $745 million, will invest in Singapore and regional mid-cap firms, including initial public offerings, the people said. Temasek and sovereign wealth fund GIC ...

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• 14 September

  Adnoc Drilling IPO pricing values equity at $10 billion

  

  ABU DHABI / Agencies The Abu Dhabi National Oil Company (Adnoc) on Monday announced that it has set the offer price per share for the initial public offering of Adnoc Drilling Company at AED2.30, implying an equity value of $10 billion. The offer price was determined by Adnoc, as the selling shareholder, and Adnoc Drilling, following investor engagement that saw ...

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• 14 September

  AD Ports leases 2.2m sqm of industrial land in H1‘21

  

  ABU DHABI / WAM AD Ports Group has announced that more than 2.2 million square metres of its Industrial Cities and Free Zone Cluster have been leased during H1 of 2021 to local, regional, and international businesses, an indication that demand for industrial land continues to accelerate despite the impact of the Covid-19 pandemic on businesses. AD Ports Group’s Industrial ...

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• 14 September

  UAE pledges AED184 million in humanitarian aid to Afghanistan

  ABU DHABI / WAM The UAE has pledged to carry out direct humanitarian projects in Afghanistan worth AED 184 million ($50 million). This came during the participation of Ahmed Ali Al Sayegh, Minister of State, in the Ministerial Meeting in Support of the Humanitarian Situation in Afghanistan, chaired by UN Secretary-General Antonio Guterres. In his remarks, Al Sayegh underscored the ...

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• 14 September

  Khalifa Fund launches project to accelerate innovation for SMEs

  

  ABU DHABI / WAM Khalifa Fund for Enterprise Development has officially launched its ‘Level Up’ project, helping entrepreneurs, SMEs and startups, seize new opportunities that will stabilise, strengthen and scale up their business. The programme will focus on elevating priority sectors in Abu Dhabi, by accelerating the development of home-grown ventures, creating sector jobs and driving forward UAE’s transition to ...

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• 14 September

  UAE, Korea keen to bolster military, defence relations

  ABU DHABI / WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, received Park Jae-min, Korea’s Vice Minister for National Defence, and the accompanying delegation, who are currently visiting the UAE. The meeting was also attended by Matar Salim Ali Al Dhaheri, Under-Secretary of the Ministry of Defence, and a number of its senior officers and officials. ...

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• 14 September

  UAE, Estonia discuss cooperation

  ABU DHABI / WAM Sarah bint Yousif Al Amiri, Minister of State for Advanced Sciences, and Andres Sutt, Minister of Entrepreneurship and Information Technology of Estonia, discussed the cooperation between the UAE and Estonia in industry, smart cities and biotechnology. Al Amiri highlighted the UAE’s experience in advancing research and development to meet the needs of the industrial sector and ...

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• 14 September

  1200 companies to take part in Wetex, Dubai Solar Show

  

  Dubai / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa) and Founder and Chairman of the Water, Energy, Technology, and Environment Exhibition (Wetex) and Dubai Solar Show, has announced that 1,200 companies from 55 countries will take part in the 23rd Wetex and Dubai Solar Show. Dewa organises the exhibition under the directives ...

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