January, 2021

• 14 January

  India’s best-performing stock sees a wave of optimistic calls

  

  Bloomberg Some analysts are turning even more bullish on India’s best-performing large-cap stock in 2020. In just about two weeks, at least four brokerages have raised their price targets on Divi’s Laboratories Ltd., one of the top producers of active pharmaceutical ingredients (API), with Jefferies India Pvt.’s estimate — which targets a 21% gain over the next 12 months from ...

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• 14 January

  Dollar advances; Europe stocks, US futures fluctuate

  

  Bloomberg The dollar strengthened, while European stocks and US equity futures fluctuated as investors focused on comments from the Federal Reserve and European Central Bank (ECB) about outlook for monetary stimulus. In Europe, governing council member Francois Villeroy de Galhau said the ECB will keep an easy stance for as long as needed, and US investors took comfort from remarks by ...

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• 13 January

  Covid-19: UAE residents promote hashtag ‘#TogetherWeRecover’

  

  ABU DHABI / WAM UAE residents have interacted with the hashtag, “#TogetherWeRecover,” on social media, underscoring the sense of community awareness about the importance of recovery and the return to normalcy after taking the approved coronavirus vaccine. The official and popular interaction with the hashtag also highlights the cooperation of Emirati citizens and residents in countering the coronavirus by immunising ...

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• 13 January

  Oil rallies to fresh 10-month high amid US dollar’s drop

  

  Bloomberg Oil in New York extended its recent rally to a new 10-month high as the dollar edged lower, increasing the appeal of commodities priced in the currency. Earlier, futures rose above $53 a barrel to the highest since February 2020. Prices have been climbing since the beginning of the year after promises of unilateral crude output cuts from Saudi ...

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• 13 January

  UAE, Cyprus sign defence cooperation agreement

  

  ABU DHABI / WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, and Charalambos Petrides, Minister of Defence of the Republic of Cyprus, on Tuesday signed a Memorandum of Understanding, via video conferencing, on joint cooperation in the defence and military fields. Al Bawardi commended the strategic relations between the UAE and Cyprus, highlighting that the signing ...

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• 13 January

  Seha opens three new Covid vaccination centres

  Abu Dhabi / WAM Abu Dhabi Health Services Company, (Seha), the UAE’s largest healthcare network, has announced the opening of two Covid-19 vaccination centre in the Emirate of Abu Dhabi and one in Dubai, for members of the community who wish to receive Beijing Institute of Biological Product’s inactivated vaccine. The centres, located in Abu Dhabi Cruise Terminal in Abu ...

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• 13 January

  FAB issues this year’s first 1.5b yuan Formosa bond

  

  ABU DHABI / WAM First Abu Dhabi Bank (FAB) has announced the issuance of the year’s first Chinese Yuan (CNY) in the Formosa bond market with a CNY 1.5 billion five-year bond at 3.15 percent. This deal also represents the lowest coupon paid by a Mena bank on a public CNH five-year issuance. The successful offering was upsized to CNY ...

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• 13 January

  Sharjah-Zanzibar deal to bolster investments, foster joint ventures

  

  SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) has signed a Memorandum of Understanding (MoU) with its counterpart in Zanzibar to enhance cooperation and encourage commercial ties between the business communities of both countries. The agreement was virtually signed by Abdullah Sultan Al Owais, Chairman of the SCCI, and Ali Suliman, Chairman of Zanzibar National Chamber of ...

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• 13 January

  Dubai Customs joins Smart Dubai’s GRPS

  DUBAI / WAM Smart Dubai has announced Dubai Customs as the latest entity to join its Government Resource Planning Systems (GRPS), which is already implemented across 72 government departments, benefitting more than 75,000 employees in the emirate. The GRPS offers an integrated bundle of secure, standardised, central solutions, and, starting from January 10 will allow Dubai Customs officials and employees ...

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• 13 January

  Energy sector to play a vital role in post Covid-19 recovery

  

  Abu Dhabi / WAM The fifth annual Atlantic Council Global Energy Forum in Abu Dhabi will convene this year in an innovative and interactive virtual format, from January 19-22. The event will bring together senior government officials, industry executives, energy ministers and recognised thought leaders, to set the energy agenda for the year. The forum will once again be held ...

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