April, 2021

• 26 April

  Business sentiment rises to third-highest ever in Canada

  

  Bloomberg Business sentiment rises to near record levels at the start of 2021 on an improving outlook for both domestic and foreign demand, according to the Bank of Canada. The results its latest quarterly survey of executives show business conditions continuing to improve, with many firms no longer worried about pandemic uncertainty. Managers reported stronger sales outlooks, investment intentions and ...

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• 26 April

  Treasury yields climb on growth bets, dollar drops

  

  Bloomberg US Treasury yields climb amid confidence the Federal Reserve will remain accommodative even as robust growth takes the world’s largest economy back to pre-pandemic levels. Stock-index futures were little changed. Havens including the dollar and government bonds were under pressure while copper, seen as a barometer of growth, surged to the highest in a decade. The US 10-year rate ...

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• 26 April

  HK plans to expand bond connect in July

  

  Bloomberg Hong Kong plans to expand its trading link with the mainland to include southbound flows on bonds in early July, the Hong Kong Economic Journal (HKEJ) reported, citing an unidentified source. The southbound link will have quotas in place and only allow trading in certain eligible bonds, the HKEJ reported on Monday. Hong Kong has a trading link with ...

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• 26 April

  Bitcoin bounces strongly after hitting lowest since March

  Bloomberg Bitcoin rallied on Monday as investors took advantage of the lowest levels in seven weeks to pile back in. The largest cryptocurrency is on track for its biggest gain since February 8 after dropping as low as $47,079 in early Asia trading before rebounding. It rose as much as 9.6% to $52,747 and was trading around $52,500 as of ...

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• 26 April

  UAE renews its support for a just, peaceful solution to Palestine issue

  

  NEW YORK / WAM The UAE renewed its support for a peaceful, comprehensive, and just resolution to the Palestinian question in line with relevant UN resolutions, the Madrid Principles, the Arab Peace Initiative, and the Quartet road map. In a written statement submitted to the UN Security Council for the open debate on the situation in the Middle East, including ...

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• 25 April

  Sharjah records 84.9% growth in real estate deals in Q1 2021

  

  Sharjah / WAM Sharjah’s real estate sector saw a volume of transactions valued at AED6.7 billion during the first quarter of 2021, with a growth rate of 84.9 percent, compared to the first quarter of 2020, according to a report issued by the Real Estate Registration Department. The total number of transactions executed in the past three months reached 20,448 ...

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• 25 April

  Dubai reports realty deals worth AED10.93b in March

  

  DUBAI / WAM A record number of real estate sales transactions over 16 months was reported in March 2021, with 4,643 transactions worth AED 10.93 billion, as well as a growth of 23% in terms of transaction numbers and 47% in terms of value, compared to February, according to the 13th edition of Mo’asher, Dubai’s official sales price index, launched ...

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• 25 April

  UAE expresses solidarity with Iraq over hospital tragedy

  ABU DHABI / WAM The United Arab Emirates (UAE) on Sunday expressed its condolences over the victims of the tragic hospital accident in the Iraqi capital. The Ministry of Foreign Affairs and International Cooperation stated that the UAE expresses its sincere condolences and sympathy to the sisterly Republic of Iraq, government and people, for the victims of the tragic accident ...

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• 25 April

  Abu Dhabi’s entities sign deal to promote role of social enterprises

  

  ABU DHABI / WAM The Department of Community Development in Abu Dhabi signed a Memorandum of Understanding (MoU) with the Abu Dhabi Department of Economic Development (Added), the Authority of Social Contribution “Ma’an”, and Abu Dhabi Global Market (ADGM), to focus on the importance of the role of social enterprises in the emirate. This agreement seeks to identify social challenges ...

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• 25 April

  UAE among top ten in 11 banking, fiscal indexes

  

  Abu Dhabi / WAM The UAE has strengthened its leading position in international competitiveness indexes, related to banking and fiscal policies, by securing places among the top 20 countries in 11 related competitiveness indexes in 2020. This overall achievement highlights flexibility and attractiveness of policies implemented by UAE that support national economic growth. The Federal Competitiveness and Statistics Centre documented ...

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