December, 2020

• 22 December

  US economy to get aid boost that’s late and ‘a little lame’

  

  Bloomberg The $900 billion stimulus package agreed to by US lawmakers over the weekend could keep the economy from contracting again, but pandemic-related risks remain if activity doesn’t start to bounce back next year. The fiscal relief package includes $600 one-time checks to individuals, more funding for the Paycheck Protection Program (PPP) and an extension of unemployment benefits through March, ...

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• 22 December

  IPO frenzy drives record $435bn in US stock sales

  

  Bloomberg In a year that saw a pandemic upend financial markets and economies around the globe, US companies and their largest shareholders raised a record $435 billion with stock sales. That’s far above the previous high of $279 billion set in 2014, according to data compiled by Bloomberg. The windfall shows how issuers have dramatically turned to capital markets amid ...

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• 22 December

  European stocks bounce back as dollar advances

  

  Bloomberg Stocks rebounded in Europe after their biggest drop in almost two months as Brexit talks continued and the US Senate passed a spending bill. The Stoxx 600 Index was 0.6% higher at the open as cyclicals staged a comeback following an outbreak of a new variant of the virus and a slew of lockdowns and travel curbs to contain ...

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• 22 December

  Adnoc awards Eni, PTTEP first offshore exploration rights

  

  ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) announced on Monday the signing of an exploration concession agreement, awarding the exploration rights for Abu Dhabi’s Offshore Block 3 to a consortium led by Eni Abu Dhabi BV, a wholly-owned subsidiary of Italy’s multinational energy company, and PTTEP MENA Ltd, a wholly-owned subsidiary of Thailand’s PTT Exploration and ...

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• 22 December

  ADX lists Palms Sports on its Second Market

  

  ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) announced that Palms Sports PJSC has listed its shares on ADX’s Second Market under the trading symbol PALMS, and trading begins on the shares on Monday. The company’s nominal value of share capital is AED 150 million, with each share having a nominal value of AED 1. This is the fifth ...

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• 22 December

  UAE central bank to launch ‘Monetary Bills’ from Jan 11

  ABU DHABI / WAM The Central Bank of the UAE (CBUAE) announced on Monday that effective from January 11, 2021, a new securities issuance programme to licensed financial institutions and eligible investors, named Monetary Bills (M-bills) will be introduced. These securities will be auctioned and traded through Bloomberg’s primary and secondary market solutions and settled through a local platform, compliant ...

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• 22 December

  Etihad updates travel rules for UK travellers

  

  Abu Dhabi / WAM Following an announcement by the National Crisis and Disaster Management Authority, effective from December 24, Etihad Airways requires all guests flying from the United Kingdom to present a negative PCR test within 72 hours validity of their flight departure time. In a statement on Monday, Etihad said it is the only airline in the world requiring ...

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• 22 December

  ADU, twofour54 partner to train Abu Dhabi game developers

  

  Abu Dhabi / WAM Abu Dhabi University (ADU) has announced the launch of a strategic partnership with twofour54 — Abu Dhabi’s media free zone — to continue the growth of the emirate’s media sector through increased talent development supported by gaming industry giant and twofour54 partner Unity Technologies. The partnership between Abu Dhabi University and twofour54 seeks to upskill and ...

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• 22 December

  Emirates earns Apex five-star rating

  DUBAI / WAM Emirates has received the APEX 2021 Five Star Global Official Airline RatingTM, based on feedback from passengers that was independently collected by APEX via its partnership with TripIt, and validated and certified by an external auditor to ensure that all ratings were made by genuine travellers who had flown on the airline they were reviewing. Adel Al ...

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• 22 December

  UAE central bank to launch ‘monetary bills’ from Jan 11

  

  Abu Dhabi / WAM The central bank of the UAE (CBUAE) announced on Monday that effective January 11, 2021, a new securities issuance programme to licensed financial institutions and eligible investors, named Monetary Bills (M-bills) will be introduced. These securities will be auctioned and traded through Bloomberg’s primary and secondary market solutions and settled through a local platform, compliant with ...

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