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Bloomberg The high-yield bond market is wrapping up what’s likely to be the busiest January on record next week as investors continue to pour cash into risky assets as they hunt for higher returns. Sales stand just about $1.2 billion below the current January peak of $37 billion, which was set in the first month of 2020. Yields on CCC ...
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January, 2021
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24 January
Citadel Securities reaps $6.7bn on volatility in 2020
Bloomberg Citadel Securities went from strength to strength in 2020, as the pandemic spurred wild swings across finance. To cap the tumult, Ken Griffin’s firm, one of the world’s biggest market makers, just posted record revenue — some of it from a rapidly constructed Florida trading floor. Fourth-quarter net trading revenue of $1.7 billion brought the firm’s full-year total to ...
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24 January
UAE starts kidney dialysis centre in Hargeisa, Somaliland
HARGEISA / WAM A delegation from the Khalifa bin Zayed Al Nahyan Foundation has opened a kidney dialysis centre in the Republic of Somaliland for the benefit of more than 30 patients per day. The move comes in line with the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and the support of HH Sheikh Mohamed bin Zayed ...
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24 January
Oil industry reels as Joe Biden targets fossil fuels, halts leases
Bloomberg Hours after taking office, President Joe Biden made good on a campaign promise to cancel the Keystone XL oil pipeline. Later that day his Interior Department mandated that only top agency leaders could approve new drilling permits over the next two months. Next week, according to people familiar with the plans, Biden will go even further: suspending the sale ...
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24 January
Sharjah attracts $220m in FDIs, adds 1,117 jobs in ‘20
SHARJAH / WAM The Year 2020 was arguably one of the most challenging years in human history. The onset of Covid-19 strapped the global economy on a roller-coaster ride, affecting both lives and livelihoods of people worldwide. On the business side particularly, the pandemic has revealed the resilience of cities like Sharjah, which continued to grow amid crisis by allowing ...
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24 January
Intensive preparations underway for Adihex
ABU DHABI / WAM Organised by the Emirates Falconers’ Club under the patronage of HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, and Chairman of the Emirates Falconers’ Club, the 18th edition of Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX 2021) will be held from September 27 to October 03, at the Abu Dhabi ...
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24 January
Boeing eyes jetliners fuelled by waste in race to zero emissions
Bloomberg Boeing Co set a target of designing and certifying its jetliners to fly on 100% sustainable fuels by 2030 amid rising pressure on planemakers to get serious about climate change. Regulators currently allow a 50-50 blend of sustainable and conventional fuels, and Boeing said it would work with authorities to raise the limit. Rival Airbus SE is considering another ...
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24 January
Mubadala sponsors UAE Team Emirates
ABU DHABI / WAM Mubadala Investment Company, an Abu Dhabi-based sovereign investor, on Saturday announced its sponsorship of UAE Team Emirates, the UAE’s professional cycling champions. The team races for and represents the UAE on the World Tour, competing in some of the biggest races around the world including the UAE Tour which is taking place across the Emirates at ...
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24 January
Dewa’s water pipeline project 88% complete
DUBAI / WAM Dubai Electricity and Water Authority (Dewa) has completed 87.73% of its project to extend its water transmission network by 36 kilometres across Dubai, at a total cost of about AED 256 million. The project locations include extensions along Sheikh Mohamed bin Zayed Road and Emirates Road; and connections between the Hassyan Pump Station to Dubai Investments Park ...
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24 January
Sharjah attracted $220m in FDIs, created 1,117 new jobs in 2020
Sharjah / WAM The Year 2020 was arguably one of the most challenging years in human history. The onset of Covid-19 strapped the global economy on a roller-coaster ride, affecting both lives and livelihoods of people worldwide. On the business side particularly, the pandemic has revealed the resilience of cities like Sharjah, which continued to grow amid crisis by allowing ...
Read More »