July, 2021

• 14 July

  Small-caps lose year’s edge over tech with bearish bets rising

  

  Bloomberg Count small-cap stocks among the casualties of the quickly unraveling reflation trade. The Russell 2000 Index fell more than 1% as the fastest inflation since 2008 fueled concern over pricing pressures and the growth potential of smaller US companies. The retreat contrasts with a gain in the Nasdaq 100, where technology megacaps are increasingly favoured for their strong earnings ...

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• 14 July

  UAE beacon of peace, tolerance in region, says Albanian official

  

  ABU DHABI / WAM Taulant Balla, Deputy Speaker of the Albanian Parliament, has affirmed that the UAE is a beacon of peace and tolerance in the region, expressing his appreciation for the UAE and its wise leadership for providing continuous support to Albania and its people. In an interview with the Emirates News Agency (WAM), Balla said that the Emirati-Albanian ...

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• 13 July

  Masdar to develop 440 MW solar projects in Uzbekistan

  

  ABU DHABI / WAM Masdar on Tuesday announced that it is expanding its footprint in the Republic of Uzbekistan, with the signing of agreements to develop two photovoltaic (PV) power projects in the country for a combined capacity of 440 megawatts. Sardor Umurzakov, Deputy Prime Minister and Minister of Investments and Foreign Trade of Uzbekistan, signed the Investment Agreements for ...

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• 13 July

  UAE, Argentina keen to boost trade cooperation

  

  ABU DHABI / WAM Mohammed Thani Murshid Al Rumaithi, Chairman of the Abu Dhabi Chamber of Commerce and Industry (Abu Dhabi Chamber) and Chairman of the UAE Federation of the Chambers of Commerce and Industry, has received Jorge Agustin Arambarri, Ambassador of Argentina to the UAE, at the Chamber’s tower in Abu Dhabi to discuss trade and economic cooperation between ...

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• 13 July

  UAE sends 500,000 Covid vaccine doses to Tunisia

  TUNIS / WAM The UAE has dispatched an aircraft carrying 500,000 doses of the Covid-19 vaccine to Tunisia to curb the spread of the virus. This urgent response comes in line with the directives of HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to enhance the health conditions ...

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• 13 July

  World hunger surged to 15-year high as Covid stifled food access: UN

  

  Abu Dhabi / WAM – Bloomberg World hunger spiked last year, outpacing population growth and probably reaching the highest since 2005, as the Covid-19 pandemic curbed incomes and access to food, according to the United Nations. As many as 811 million people — about a 10th of the global population — were undernourished in 2020, a UN report said. The ...

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• 13 July

  Abu Dhabi hotel occupancy hits highest since Feb 2020

  

  Bloomberg Hotel occupancy in the capital of the United Arab Emirates surged in June to the highest level since the start of the coronavirus pandemic. Abu Dhabi hotels were 68.5% full last month, according to preliminary data from research firm STR. Revenue per available room, a key measure of profitability, was 219.81 dirhams ($59.67), the highest since February. Room rates ...

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• 13 July

  EGA announces its Al Taweelah plant expansion

  Abu Dhabi / WAM Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas, on Tuesday announced the start-up of the second phase of its expansion to Al Taweelah smelter in Abu Dhabi. The expansion adds 26 new reduction cells to Potline 2, boosting production capacity by over 30,000 tonnes of hot metal ...

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• 13 July

  Nasdaq Dubai welcomes listing of Emaar Properties’ $500m sukuk

  

  Dubai / WAM Jamal Bin Theniyah, Chairman of Emaar Properties, on Tuesday rang the market-opening bell to celebrate the listing of a $500 million sukuk on Nasdaq Dubai. The ceremony was attended by Ahmad Al Matrooshi, Executive Board Member of Emaar Properties; Rashid Al Shamsi, Board Member of Nasdaq Dubai; and Hamed Ali, CEO of Nasdaq Dubai and Deputy CEO ...

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• 13 July

  EGA starts second phase of Al Taweelah smelter expansion

  

  Abu Dhabi / WAM Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas, on Tuesday announced the start-up of the second phase of its expansion to Al Taweelah smelter in Abu Dhabi. The expansion adds 26 new reduction cells to Potline 2, boosting production capacity by over 30,000 tonnes of hot metal ...

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