May, 2021

• 25 May

  China stocks rise most since July amid record foreign purchases

  

  Bloomberg China’s equity benchmark rallied by the most since July as investors piled into stocks amid attempts by policymakers to contain commodity prices. The yuan also advanced to its strongest since 2018. The CSI 300 Index closed 3.2% higher at its strongest since early March, driven by gains in consumer staples equities. The surge came as overseas investors net purchased ...

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• 25 May

  Futures buoyed by Fed price comments; dollar weakens

  

  Bloomberg US equity futures rose Tuesday along with European stocks after Federal Reserve officials played down the risk of persistent inflation. A gauge of dollar strength against a basket of peers headed for the lowest level since January. The Stoxx Europe 600 index was on track for a fresh record high, with technology stocks boosted by results from Aveva Group ...

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• 25 May

  UAE launches vaccination program for 12,000 Syrian refugees in Jordan

  

  AMMAN / WAM The Emirates Red Crescent (ERC) has launched the first phase of vaccination programme for Syrian refugees in the Jordanian camps to help the country confronts the coronavirus pandemic. The programme aims to vaccinate 12,000 refugees in the Emirati-Jordanian camp of Mrajeeb Al Fhood and camps of Zaatari, Al Azraq and Al Hadiqa with the Sinopharm vaccine. The ...

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• 25 May

  Adnoc to build world-scale ‘blue’ ammonia facility

  

  ABU DHABI / WAM Abu Dhabi National Oil Company (Adnoc) announced on Monday that it will advance a world-scale “blue” ammonia production facility in Ruwais, Abu Dhabi, in the UAE. Adnoc is an early pioneer in the emerging hydrogen market, driving the UAE’s leadership in creating local and international hydrogen value chains, while contributing to economic growth and diversification in ...

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• 25 May

  GCC chief welcomes UAE’s offer to host COP 28 in 2023

  RIYADH / WAM Gulf Cooperation Council (GCC) Secretary-General Dr Nayef Falah Mubarak Al-Hajraf welcomed on Monday the announcement of HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, that the UAE has offered to host the 28th session of the Conference of the Parties (COP 28) to the United Nations Framework Convention (UNFCCC) in Abu ...

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• 25 May

  Dubai launches crypto centre to advance blockchain tech

  

  Dubai / WAM DMCC — the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise — has announced the launch of the DMCC Crypto Centre, a comprehensive ecosystem for businesses operating in the cryptographic and blockchain sectors. The official inauguration was attended by a number of high-profile government and industry representatives including Dr Thani bin ...

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• 25 May

  Dubai registers AED92b worth of realty transactions in Jan-April

  

  DUBAI / WAM Dubai has registered 25,455 real estate transactions worth AED92 billion from January – April 2021, thus achieving an increase of 51 percent in terms of the number of transactions and 72 percent in terms of their value compared to the same period in 2020. According to the real estate bulletin issued by Dubai Land Department (DLD) under ...

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• 25 May

  Dubai issues 15,475 new licences in first quarter

  

  DUBAI / WAM The Business Registration and Licencing (BRL) sector of Dubai Economy has issued 15,475 new licences during the first quarter of 2021, a growth of 19 percent compared to Q1 2020, when 13,027 licences were issued. This highlights the resilience of the business environment of Dubai and the emirate’s economic competitiveness and ability to attract businesses to across ...

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• 25 May

  Sewa delivers services to 12 projects

  SHARJAH / WAM The Central Region Department in Sharjah Electricity, Water and Gas Authority (Sewa) completed a number of development projects, including the installation of 1,034 lighting poles in a number of regions and branches of the Central Region, including lighting Suhaila Road, and a number of projects in the areas of Al-Washa, Al-Bustan, Fali and Mleiha, Tal Al-Zafaran and ...

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• 25 May

  GBF Africa 2021 to shed light on global economic recovery

  

  Dubai / WAM The sixth edition of the Global Business Forum (GBF) Africa is set to take place on October 13-14, under the theme Transformation Through Trade, Dubai Chamber of Commerce and Industry has announced. Held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, ...

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