August, 2021

• 16 August

  Italy’s bond market is all about faith in ECB

  Bloomberg One of Europe’s riskiest bond bets is turning into a telltale sign of how much faith investors have in the central bank’s ability to engineer a smooth recovery out of the pandemic. Italian benchmark yields are near a six-month low and the government is so flush with cash that it canceled last week’s debt auction. The market is beginning ...

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• 15 August

  UAE condemns Houthi drone attack attempt on Saudi Arabia

  

  ABU DHABI / WAM The UAE has strongly condemned the Iran-backed Houthi terrorist militias’ systematic attempts to attack civilians and civilian objects in Khamis Mushait, Saudi Arabia, with an explosive drone, which was intercepted by the Coalition Forces. In a statement released by the Ministry of Foreign Affairs and International Cooperation (MoFAIC), the UAE reiterated that these systematic terror attacks ...

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• 15 August

  Oil declines as Delta clouds outlook for global demand

  

  Bloomberg Oil dipped, trimming a weekly advance, as the fast-spreading delta variant continues to cloud the short-term demand outlook. Futures closed nearly 1% lower in New York, narrowing a weekly gain to 0.2%. The latest Covid-19 wave is leading to tighter curbs on movement across the globe, though there are mixed assessments on its impact. The International Energy Agency (IEA) ...

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• 15 August

  China snags world’s biggest IPOs as HK listings dry up

  

  Bloomberg Initial public offerings are coming thick and fast in mainland China, with Shanghai set to host the world’s two biggest listings this year as domestic investors look past the government’s regulatory crackdown. It’s a different story in Hong Kong, a global center for IPOs that’s seen only one offering so far this month. International investors who use the financial ...

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• 15 August

  UAE leaders congratulate Pakistani president on Independence Day

  ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a message of congratulations to President Arif Alvi of Pakistan on the occasion of his country’s Independence Day, which is marked on August 14. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and HH Sheikh Mohamed bin Zayed ...

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• 15 August

  Sewa completes 50% of its line to transfer water

  

  SHARJAH / WAM The Sharjah Electricity, Water and Gas Authority (Sewa) has completed 50 percent of the project to extend a strategic line to transfer water from Al Rahmaniya to Al Azra, to enhance the efficiency of the network and regulate water pressure, as well as serve all the areas that it passes through, especially the Sustainable City next to ...

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• 15 August

  OFID extends $70.5m loan to Jordan to help mitigate Covid-19 impact

  

  VIENNA / WAM The OPEC Fund for International Development (OFID) has announced the signing of a $70.5 million loan agreement with Jordan to help mitigate the socio-economic impact of the Covid-19 pandemic by providing social safety net programmes and stimulus packages that aim to retain workers across various economic sectors and create new jobs. According to OFID’s statement, the Fund ...

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• 15 August

  Covid-19: UAE reports 1,385 new recoveries

  ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 321,610 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 partof ...

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• 15 August

  VP approves star ratings for 69 government service centres

  

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has said that the UAE has presented to the world an exceptional model in developing and leading future government work to become a role model to be followed in sustainable development and modernisation. Sheikh Mohammed bin Rashid said, “Today, we approved ...

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• 15 August

  Dubai Customs introduces comprehensive guide on services during Expo2020 Dubai

  

  DUBAI / WAM Dubai Customs launched a comprehensive guide for all the services and facilities it provides to enable traders and businesses, who selected Dubai as their preferred investment destination, to increase their trade and boost their revenues. The guide will be introduced to the participants and exhibitors of Expo2020 Dubai. Within the national efforts and preparations to fulfill the ...

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