August, 2021

• 1 August

  Big rethink ahead for Chinese stocks listed in US after July

  

  Bloomberg It’s been a hellish month for China-based companies listed in the US. A clampdown by Beijing authorities led to the worst selloff since the financial crisis, prompting a broad reassessment for a burgeoning corner of the world’s largest stock market. The Nasdaq Golden Dragon China Index — which tracks 98 of China’s biggest firms listed in the US — ...

  Read More »
• 1 August

  Senators eye taxes on cryptocurrency to fund infrastructure plan

  

  Bloomberg The Senate’s bipartisan infrastructure deal envisions imposing stricter rules on cryptocurrency investors to collect more taxes to fund a portion of the $550 billion investment into transportation and power systems. The provisions would raise an additional $28 billion from cryptocurrency transactions, according to a summary of the plan. The proposal would impose more rules on crypto brokers to report ...

  Read More »
• 1 August

  UAE’s $110m relief aid helps Socotra overcome challenges

  

  ABU DHABI / WAM The development and relief aid provided by the UAE to Socotra Governorate since 2015 enabled the Archipelago to overcome its many challenges and dire humanitarian conditions and helped local authorities to improve life and livelihood of Soqotri people. The aid provided to the island from 2015 to 2021 amounted to $110 million, according to official reports, ...

  Read More »
• 1 August

  World trade in medical goods grew 16.3% in 2020, says WTO

  

  GENEVA / WAM Trade in medical goods registered growth of 16.3 percent in 2020 — compared with 4.7 percent growth in 2019 when the Covid-19 pandemic was just starting, according to the World Trade Statistical Review 2021 issued by the World Trade Organisation (WTO). Exports of medical products, including medicines, medical equipment and PPE, rose by more than 16 percent, ...

  Read More »
• 1 August

  UAE condemns bomb-laden drone attack on Saudi vessel

  ABU DHABI / WAM The UAE has expressed its strong denunciation and condemnation of the systematic and deliberate attempts by the Iran-backed Houthi militia to target a Saudi commercial vessel in the Southern Red Sea with a bomb-laden drone intercepted by Coalition air forces. The UAE affirmed in a statement issued by the Ministry of Foreign Affairs and International Cooperation ...

  Read More »
• 1 August

  Dafza records 8.3% rise in sales revenues in H1 of 2021

  

  DUBAI / WAM The Dubai Airport Freezone Authority (Dafza) has announced the results of its operational performance for the first half of 2021. The free zone achieved growth in new sales revenues with an increase of 8.3%, which resulted from the rise of 24% in the leased areas compared to the same period last year. These record results are an ...

  Read More »
• 1 August

  RTA’s revenues from digital platforms reaches AED 2.6b

  

  DUBAI / WAM Mattar Mohammed Al Tayer, Director-General and Chairman of the Board of Executive Directors of Dubai’s Roads and Transport Authority (RTA), revealed that the total revenues of RTA collected via digital channels (e-payment portal and smart kiosks) amounted to AED2.655 billion in 2020. The number of digital transactions reached 527.146 million, the number of registered users on digital ...

  Read More »
• 1 August

  Adnec wins top accolades at London event

  ABU DHABI / WAM The Abu Dhabi National Exhibition Centre (Adnec), owned and operated by the Abu Dhabi National Exhibitions Company, part of ADQ, has been recognised as the Best International Venue in 2020 by the globally leading industry organisation, Exhibition News. The award, which was distributed in London in the UK, recognises the Abu Dhabi National Exhibition Centre as ...

  Read More »
• 1 August

  UAE’s $110m relief aid helps Socotra overcome challenges

  

  ABU DHABI / WAM The development and relief aid provided by the UAE to Socotra Governorate since 2015 enabled the Archipelago to overcome its many challenges and dire humanitarian conditions and helped local authorities to improve life and livelihood of the Soqotri people. The aid provided to the island from 2015 to 2021 amounted to $110 million, according to official ...

  Read More »
• 1 August

  Abu Dhabi Chamber’s board holds first meeting

  

  ABU DHABI / WAM The Executive Office of the Abu Dhabi Chamber’s Board of Directors has held its first meeting, which was chaired by Abdullah Mohammed Al Mazrouie, at the Chamber’s headquarters. Dr Ali Bin Harmal Al Dhaheri, First Vice Chairman, Yousuf Ali Abdul Kader, Second Vice Chairman, Masoud Rhama Al Mheirbi, Treasurer, Saeed Ghumran Al Remeithi, Deputy Treasurer and ...

  Read More »