April, 2021

• 1 April

  StanChart to formalise hybrid working model for its UK staff

  

  Bloomberg Standard Chartered Plc will formalise a hybrid working model for most of its UK staff as it moves forward with a sweeping overhaul of its working practices in the wake of the pandemic. The lender is rolling out the program to its 85,000 staff globally after 84% of the first wave of workers asked to keep the flexible arrangements ...

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• 1 April

  RBNZ to allow local lenders to resume dividend payments

  

  Bloomberg New Zealand’s central bank has eased restrictions on bank dividend payments, allowing them to distribute as much as 50% of net income to shareholders. The decision partially reverses steps the Reserve Bank took in April last year to provide more credit to the economy via the banking system. The remaining 50% limit will be lifted in July 2022 subject ...

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• 1 April

  Deliveroo sinks 31% in setback to London effort to attract IPOs

  

  Bloomberg Deliveroo Holdings Plc shares plunged as much as 31%, the worst performance in decades for a big UK initial public offering, dealing a blow to London’s efforts to establish itself as a hub for technology listings in the wake of Brexit. The stock dropped 23% to 299.55 pence at 9:49 am in London after the 1.5 billion-pound ($2.1 billion) ...

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• 1 April

  Yields gain as traders brace for Biden speech

  

  Bloomberg Treasury yields rise with commodities before US President Joe Biden unveils an economic plan including a $2 trillion infrastructure boost. Stocks were mixed as traders weighed inflation and the tax impact of the new plan. US index futures and European stocks were little changed after Asia’s equity benchmark posted a second-day decline. The dollar fluctuated between gains and losses, ...

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March, 2021

• 31 March

  UAE industry stands on the verge of a new era

  

  DUBAI / WAM The UAE’s economy stands on the verge of a new era. One that will be marked with a dynamic industrial growth spurred by a raft of new local and foreign investments. This, thanks to the launch of “Operation 300bn”, the new strategy from the Ministry of Industry and Advanced Technology (MoIAT) which seeks to fortify the nation’s ...

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• 31 March

  Oil falls with stronger dollar compounding virus risks

  

  Bloomberg Oil falls alongside a strengthening dollar as near-term risks to the demand recovery emerged ahead of a Opec+ meeting this week to decide on output policy. Futures in New York fall as much as 2.6%, with the Bloomberg Dollar Spot Index rising to the highest since November, thereby reducing the appeal of commodities priced in the currency. Weaker US ...

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• 31 March

  Khalifa Fund, ECI to boost export capabilities of SMEs

  

  DUBAI / WAM Khalifa Fund for Enterprise Development and the Etihad Credit Insurance (ECI), the UAE federal export credit company partnered to shore up the export capabilities of the country’s small and medium enterprises (SMEs). A Memorandum of Understanding (MoU) was signed by Mouza Obaid Al Nasri, Acting CEO of Khalifa Fund and Massimo Falcioni, CEO of the ECI. The ...

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• 31 March

  Deal signed to boost Sharjah as leading start-up hub in region

  

  Sharjah / WAM A new partnership between the Sharjah Entrepreneurship Centre (Sheraa) and Sharjah FDI Office (Invest in Sharjah) is poised to take Sharjah’s ecosystem offerings to the next level. The entities signed a Memorandum of Understanding, which paves the way for a series of strategic moves they will be jointly making to accelerate UAE’s post-Covid recovery. The core objective ...

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• 31 March

  DFF, Emirates partner to drive aviation sector

  

  Dubai / WAM Dubai Future Foundation (DFF) on Tuesday signed a Memorandum of Understanding (MoU) with Emirates, Dubai’s award-winning international airline, to develop innovative solutions and enhance the future-readiness of the UAE’s aviation sector. The DFF’s Dubai Future Labs, an applied research lab that designs, develops, and tests cutting-edge robotics and automation technologies, launched in June 2020 by His Highness ...

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• 31 March

  Emirates to begin flights to Orlando

  DUBAI / WAM Emirates airline announced that it will resume four-weekly services to Orlando from June 2, further expanding its US network, and offering customers worldwide more travel choices and enhanced connectivity via Dubai. With addition of Orlando, Emirates will be serving over 60 weekly services to and from 11 US destinations including Boston, New York (JFK), Los Angeles, Chicago, ...

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