January, 2021

• 26 January

  Stocks, futures rise on stimulus bets; dollar declines

  

  Bloomberg Global stocks rise with US equity futures as investors focused on the prospect of additional fiscal stimulus and supportive Federal Reserve policy amid the worsening pandemic. The dollar dipped. Europe’s Stoxx 600 Index opened higher in a broad-based rally. Stocks outperformed in South Korea and Hong Kong. US futures pointed higher, with Nasdaq 100 contracts leading gains ahead of ...

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• 26 January

  India’s corporate bond sales to slow after record year

  Bloomberg Debt sales in India’s rupee corporate bond market are likely to slow significantly this year after reaching a record in 2020, according to a Bloomberg News survey of debt arrangers. Issuance will fall by 17% to about 7.55 trillion rupees this year, according to the median estimate of six of the nation’s top debt arrangers. Companies have less need ...

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• 25 January

  EGA, Geocycle UAE to create value from industrial waste

  

  ABU DHABI / WAM Emirates Global Aluminium (EGA) and Geocycle UAE, part of the building solutions group LafargeHolcim, on Sunday announced they have signed an agreement to extend their ground-breaking 10-year partnership in creating value from industrial waste in the UAE. EGA has worked with LafargeHolcim since 2010 to find productive uses in the UAE for spent pot lining, the ...

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• 25 January

  Spain looks at UAE’s expertise for green hydrogen production

  

  ABU DHABI / WAM Spain is interested in exploring the UAE’s expertise in the production of offshore green hydrogen, which is dubbed as ‘the oil of the future’ that can heavily help reduce carbon emissions, according to a top Spanish official. In an exclusive interview with Emirates News Agency (WAM), Teresa Ribera, Deputy Prime Minister of Spain and Minister for ...

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• 25 January

  Enoc Group wins ‘Sword of Honour’ award

  DUBAI / WAM The Enoc Group has won the prestigious “Sword of Honour” award from the British Safety Council. The Enoc Group received the accolade for excellence in managing health and safety risks at work, making it one in 66 organisations worldwide to have achieved this prestigious recognition. The Group has been recognised for its efforts towards ensuring health and ...

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• 25 January

  Iraq to lower oil production to compensate for Opec breach

  

  Bloomberg Iraq plans to cut oil output in January and February to make up for breaching its Opec+ quota last year, according to the state company that markets the nation’s crude. Opec’s second-biggest producer will pump around 3.6 million barrels daily for the two months, according to Ali Nizar, the deputy head of SOMO. That compares with around 3.85 million ...

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• 25 January

  Shuaa’s Nujoom funds announce first dividend

  

  Abu Dhabi / WAM Shuaa Capital on Sunday announced the first dividend for investors in two of its Sharia-compliant funds, offering a 1 percent cash dividend for the fourth quarter of 2020. The dividend is first dividend from the funds and within three months of their launch and translates to a 6.4 percent dividend yield for the investors. The Nujoom ...

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• 25 January

  UN resolution to protect religious sites hailed

  ABU DHABI / WAM The World Muslim Communities Council has commended the pioneering step through which the United Nations General Assembly adopted, unanimously, the project presented by Saudi Arabia, Egypt and Morocco, and supported by many brotherly and friendly countries, to promote a culture of peace and tolerance to protect religious sites. The Council expressed its pride and deep appreciation ...

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• 25 January

  Nothing will deter us from leading the race to future: VP

  

  ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, stated that 2020 was an exceptional year full of national achievements in all sectors worthy of pride, noting that he is proud of the government’s successes, despite the challenges caused by the coronavirus pandemic. He was also optimistic that 2021 ...

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• 25 January

  Tabreed to cool twofour54 Abu Dhabi’s Yas Creative Hub

  

  ABU DHABI / WAM The National Central Cooling Company (Tabreed) has announced the signing of an agreement with twofour54 to cool its new headquarters Yas Creative Hub in Yas Bay, which it is set to open later this year. Tabreed will connect the new campus development to its existing Yas Island district cooling scheme and will deliver a cooling capacity ...

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