June, 2021

• 6 June

  Emerging-market stocks in pole position to gain as world reopens

  

  Bloomberg A bullish case is building for emerging-market stocks, which have trailed their developed-nation peers this year, with strategists saying the asset class is better positioned to benefit from a global reopening. There are already signs the gap is narrowing, with the MSCI Emerging Markets Index last month outperforming the MSCI World Index for the first time since January. Relatively ...

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• 6 June

  AMC drama exposes risks in $11 trillion world of indexing

  

  Bloomberg Index funds are supposed to cut out the human-driven craziness that periodically infects markets, but the recent meme-stock fever proved the $11 trillion industry is far from immune. The remarkable surge in shares of AMC Entertainment Holdings Inc and a handful of other stocks is showing up in multiple exchange-traded funds (ETFs), skewing portfolios, altering risk profiles and exerting ...

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• 6 June

  US-China trade relationship significantly imbalanced: Tai

  

  Bloomberg The trade relationship between the two largest economies in the world has “significant imbalance” and the Biden administration is committed to leveling it, according to the US trade representative. “There are parts of this trade relationship that are unhealthy and have over time been damaging in some very important ways to the US economy,” Trade Representative Katherine Tai told ...

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• 6 June

  Abu Dhabi Terminals inks deal with Microsoft

  ABU DHABI / Emirates Business Abu Dhabi Terminals, in the presence of His Excellency Omar bin Sultan Al Olama, UAE Ministry of Artificial Intelligence (AI), has announced a partnership agreement with Microsoft that heralds the next phase in the digital transformation of Abu Dhabi’s flagship maritime asset, Khalifa Port. The landmark partnership will enable enhanced container tracking and autonomous shuttle ...

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• 6 June

  Abu Dhabi International Book Fair concludes

  ABU DHABI / WAM Under the patronage of HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, Abu Dhabi International Book Fair (ADIBF) has concluded a successful 30th edition. The fair’s return as a physical event saw an impressive footfall and registered a significant increase in book sales ...

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• 6 June

  India collected $14 billion as GST amid lockdowns in May

  

  Bloomberg India last month collected 1.03 trillion rupees ($14 billion) under the goods and services tax, lower than a record mop-up of 1.41 trillion rupees in April, as key cities remained under strict curbs to check the spread of new coronavirus infections. Revenue collection was 27% lower than April but remained above a trillion rupees for the eighth month in ...

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• 6 June

  MoHRE sees 50% rise in new establishments

  ABU DHABI / WAM Nasser bin Thani Al Hamli, Minister of Human Resources and Emiratisation, announced a 50% increase in new establishments that opened a registry in the ministry during the first four months of 2021 compared to the same period in 2019. During that period, the number increased from 17,701 in 2019 to 26,609 establishments in 2021, with expectations ...

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• 6 June

  MoHRE sees 50% rise in new establishments

  

  Abu Dhabi / WAM Nasser bin Thani Al Hamli, Minister of Human Resources and Emiratisation, has announced a 50 percent increase in new establishments that opened a registry in the ministry during the first four months of 2021 compared to the same period in 2019. During that period, the number increased from 17,701 in 2019 to 26,609 establishments in 2021, ...

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• 6 June

  ADIBF’s 30th edition concludes

  

  Abu Dhabi / WAM Under the patronage of HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, Abu Dhabi International Book Fair (ADIBF) has concluded a successful 30th edition. Organised by the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) and managed by the Abu ...

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• 6 June

  Seha provides exceptional health care for senior citizens

  

  Abu Dhabi / WAM The Abu Dhabi Health Services Company (Seha) attaches great importance to senior citizens and is keen to provide them with high quality health care according to the highest international standards. In a statement to the Emirates News Agency (WAM), Dr Marwan Al Kaabi, Group Chief Operations Officer at Seha, said that the company – in line ...

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