January, 2021

• 5 January

  NYSE scraps its plan to delist China telcos in ‘bizarre’ U-turn

  

  Bloomberg The New York Stock Exchange said it will no longer delist China’s three biggest state-owned telecommunications companies, backtracking on a plan that had threatened to escalate tensions between the world’s largest economies. NYSE’s U-turn came with scant explanation just four days after the exchange said it would remove the shares to comply with a US executive order barring investments ...

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• 5 January

  European stocks fluctuate with futures; dollar falls

  

  Bloomberg European stocks fluctuated with US equity futures as traders weighed concerns about the impact of rising coronavirus cases and braced for key US runoff elections. The dollar falls and gold held Monday’s gains. Energy firms and retailers led the Stoxx 600 Index as the UK went back into lockdown in an attempt to prevent hospitals being overwhelmed. Next Plc ...

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• 5 January

  UAE committed to support joint Arab action to promote tourism

  

  ABU DHBAI / WAM Dr Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs, has highlighted the UAE’s commitment, upon the directives of its leadership, to supporting joint action to promote tourism in Arab countries, as well as its keenness to strengthen their cooperation in establishing a sustainable roadmap for advancing Arab tourism. He said this while participating ...

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• 5 January

  China delistings threaten $144b US fundraising boom

  

  Bloomberg For more than two decades Chinese companies have turned to the US stock market for capital and international prestige, raising at least $144 billion from some of the world’s largest investors. Now this pillar of China’s integration with the global financial system is increasingly under threat. The latest blow arrived on New Year’s Eve, when the New York Stock ...

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• 5 January

  Idex, Navdex appoint Edge Group as strategic partner

  

  ABU DHABI / WAM The International Defence Exhibition and Conference (IDEX 2021) and the Naval Defence Exhibition (NAVDEX 2021), held under the patronage of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, from February 21-25 at the Abu Dhabi National Exhibition Centre, have signed an agreement with Edge Group, the Abu Dhabi based advanced technology group for defence and ...

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• 5 January

  UAE’s Fatwa council chief receives Covid-19 vaccine

  ABU DHABI / WAM Shaikh Abdullah Bin Bayyah, Chairman of the UAE Fatwa Council, has received the first dose of the Covid-19 vaccine, in support of the country’s efforts to contain the spread of the virus. Bin Bayyah lauded the UAE’s exceptional efforts in its handling of the coronavirus crisis.

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• 5 January

  DMCC attracts 2,025 new firms to Dubai in 5 years

  

  DUBAI / WAM DMCC — a Free Zone and Government of Dubai Authority on commodities trade and enterprise — has registered a record breaking 2,025 new companies in 2020, the highest number of registrations in five years. Despite an overall business environment shaped by the pandemic, the record-breaking registrations are a testament to Dubai’s continued appeal to investors and the ...

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• 5 January

  Dubai, Hyderabad airports ink deal for global vaccine supply corridor

  

  DUBAI / WAM Dubai Airports, operator of Dubai International (DXB) and Dubai World Central (DWC), and GMR Hyderabad (GMR-HYD) have joined forces to create a Covid-19 vaccine distribution corridor. Home to 88 global airlines including Dubai’s flagship carrier Emirates, and 12 international and 400 local and regional freight forwarders, Dubai Airports with its interlinked cargo facilities at DXB and DWC ...

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• 5 January

  Enoc opens new fuel service station

  DUBAI / WAM Enoc Group has announced it opened a new service station in Umm Al Qaiwain to meet the fuelling needs of motorists crossing Sheikh Mohamed bin Zayed Road from the Northern Emirates to Dubai and Abu Dhabi. This brings the total number of service stations by Enoc in the UAE to 150. The service station is built with ...

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• 5 January

  UAE committed to support joint Arab action to promote tourism

  

  Abu Dhabi / WAM Dr Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs, has highlighted the UAE’s commitment, upon the directives of its leadership, to supporting joint action to promote tourism in Arab countries, as well as its keenness to strengthen their cooperation in establishing a sustainable roadmap for advancing Arab tourism. He made this statement while ...

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