January, 2021

• 31 January

  BofA’s Merrill raises margin to 100% to trade certain stocks

  Bloomberg Bank of America Corp. (BofA) increased margin requirements to 100% for wealth-management and self-directed brokerage clients to trade certain stocks, as firms impose limits amid wild price swings sparked by investors on social media. The margin requirements apply to Merrill Lynch wealth-management clients and individual traders using the Merrill Edge platform, according to Bank of America. Margins for stock ...

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• 31 January

  UAE grants citizenship to investors, professionals and special talents

  

  Dubai / WAM The UAE has approved amendments to the Executive Regulation of the Federal Law concerning Nationality and Passports allowing investors, professionals, special talents and their families to acquire Emirati nationality and passport under certain conditions. The step aims at appreciating the talents and competencies present in the UAE and attracting more bright minds to the Emirati community in ...

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• 31 January

  World Bank commits $12b for Covid-19 vaccinations in Africa

  

  Bloomberg The World Bank has committed $12 billion to African countries to support vaccination programs across a continent that hasn’t been able to keep pace with developed nations’ rollouts. The World Bank money will be in the form of grants or on “highly concessional terms,” said David Malpass, president of the World Bank, in a statement following a virtual meeting ...

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• 31 January

  Dubai-Israel trade hits AED1b in five months

  

  Dubai / WAM Dubai’s trade with Israel in the last five months (Sep 2020 -Jan 2021) reached a value of AED1 billion and a volume of 6.217k tonnes, according to Dubai Customs statistics. Of this, imports were valued at AED325 million (718 tonnes), exports at AED607million (5.4k tonnes), and transit trade at AED98.7million (52.4 tonnes). Sultan bin Sulayem believes opening ...

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• 31 January

  UAE, a global destination for medical tourism

  ABU DHABI / WAM The UAE has established itself as one of the best medical tourism destinations in the world over the past years, thanks to international confidence in its health sector, which has succeeded in attracting medical institutions of global prestige. The country ranked first among GCC countries in best medical tourism destination globally according to the US-based Medical ...

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• 31 January

  Sharjah to boost services for business community

  

  SHARJAH / WAM The Sharjah Chamber of Commerce & Industry (SCCI), represented by the Branches Management and the Member Services Department, held a coordination meeting with representatives of Tas’heel Businessmen Services Centres “Tas’heel” in the eastern and central regions. The audience was aimed at enhancing cooperation, developing the services provided for the private sector, as well as identifying the challenges, ...

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• 31 January

  US oil pushes ‘clean shale’ as Biden mounts climate attack

  

  Bloomberg American oil executives began a pushback against some of President Joe Biden’s climate policies by making the case that fossil fuels from US shale have a lower carbon footprint than imports. Since taking office this month, the Biden administration has made swift moves to pause sales of oil and gas leases on federal land, cancel the Keystone XL pipeline ...

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• 31 January

  Dubai to begin administering Sinopharm jabs

  DUBAI / WAM The Dubai Health Authority (DHA) on Saturday announced that it will begin providing the Sinopharm Covid-19 vaccine to Emirati citizens and Dubai residents who are aged 60 and above, starting from January 31. The move is in line with the DHA’s keenness to provide the public with an opportunity to select between various types of vaccines available ...

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• 31 January

  UAE, a global destination for medical tourism

  

  Abu Dhabi / WAM The United Arab Emirates has established itself as one of the best medical tourism destinations in the world over the past years, thanks to international confidence in its health sector, which has succeeded in attracting major medical institutions of international prestige. The country ranked first among GCC countries in best medical tourism destination globally according to ...

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• 31 January

  Covid-19: UAE reports 2,770 new recoveries

  

  Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 183,952 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. As part of its intensified testing campaign, MoHAP announced 3,647 new coronavirus cases, bringing the total number of recorded cases in the UAE to 300,661. The ministry also noted that an ...

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