March, 2021

• 3 March

  Merkel bows to public pressure, backs easing of lockdown

  

  Bloomberg Chancellor Angela Merkel backed a relaxation of coronavirus restrictions despite a stubbornly high infection rate, acknowledging that many Germans are weary of curbs on daily life after months of lockdown. The German leader had been pushing back against increasingly insistent calls for a swifter loosening, but told lawmakers from her conservative bloc that “easing is necessary.” She explained her ...

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• 3 March

  Stocks advance with US futures; Treasuries slip

  

  Bloomberg Stocks rise with US equity futures on Wednesday as concerns over valuations eased and the focus turned back to the stimulus-fuelled recovery from the pandemic. Treasury yields edged higher. The Stoxx 600 Index climbed for a third straight session, with UK shares outperforming after UK Chancellor of the Exchequer Rishi Sunak extended furlough pay for workers ahead of presenting ...

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• 3 March

  China traders await policy signals to boost faltering stocks

  

  Bloomberg China’s defense and technology sectors may offer investor opportunities as the nation’s top political meeting starts this week, which could help inject fresh impetus into the country’s equities. Measures to help achieve President Xi Jinping’s pledge of a carbon neutral economy by 2060 could be released at the meeting which begins on Friday, according to brokerages including Guotai Junan ...

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• 3 March

  Dubai to issue long-term cultural visa to 1000 people around world

  

  DUBAI / WAM Dubai Culture and Arts Authority announced that it will soon grant cultural visas to 1,000 creators and artists from across the world. The first initiative of its kind in the world, the cultural visa launched in 2019 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of ...

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• 3 March

  Oil sinks to $60 before Opec+ meets to decide on supplies

  

  Bloomberg Oil held steady just days before many of the world’s largest producer nations meet to discuss how much crude they should supply in the coming months. Crude futures in New York were trading near $61 a barrel. Opec and its allies will meet on Thursday to decide if they will ease supply curbs further after Saudi cuts pushed the ...

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• 3 March

  Sudan keen to reinforce ties with UAE, GCC: Minister

  

  KHARTOUM / WAM Mariam Assadiq Al Mahdi, Sudanese Minister of Foreign Affairs, lauded the cooperation between the UAE and Sudan, stressing her country’s keenness to reinforce its relations with the UAE and other Gulf Cooperation Council countries. She made this statement during her meeting with a delegation from the Al Maktoum Foundation, led by Mirza Al Sayegh, Director of the ...

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• 3 March

  Dubai cancels Ramadan tents permits for 2021

  DUBAI / WAM The Islamic Affairs and Charitable Activities Department (IACAD) announced on Tuesday that all annual Ramadan tent permits in the Emirate of Dubai will be cancelled this year in compliance with government precautionary and preventive measures to stem the spread of Covid-19. Ahmed Darwish, Executive Director of Charitable Works at IACAD, clarified that that the decision to cancel ...

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• 3 March

  Etihad Airways, Hub71 to boost Abu Dhabi’s global tech ecosystem

  

  Abu Dhabi / WAM Etihad Airways, the UAE national airline, has signed a Memorandum of Understanding (MoU) with Hub71, Abu Dhabi’s global tech ecosystem, to support the expansion of entrepreneurs innovating in Abu Dhabi. The agreement makes Etihad the official airline partner of Hub71 which will offer more than 100 global startups within its tech community special rates and access ...

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• 3 March

  Dubai Police, Etihad Rail ink deal to enhance safety

  

  DUBAI / WAM The Transportation Security Department of Dubai Police (TSD) has signed a Memorandum of Understanding (MoU) with Etihad Rail – the developer and operator of the UAE’s national railway network, to enhance and develop cooperation in common areas of work in a way that helps the public. The MoU was signed by Brigadier Obaid Al Habthoor, Director of ...

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• 3 March

  Dubai Police wins accolades at UAE Ideas

  DUBAI / WAM The Dubai Police has recently bagged six awards at the 9th UAE Ideas Awards 2020 and the 5th Ideas Arabia International Award for five innovative projects and initiatives during 2020. Lieutenant General Abdullah Khalifa Al Marri, Commander-in-Chief of Dubai Police, affirmed that the awards are additional achievements that reflect the force’s dedication to pursuing excellence and ensuring ...

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