November, 2020

• 16 November

  J&J starts phase III vaccine trial in UK

  Bloomberg A coronavirus vaccine from a unit of Johnson & Johnson was expected to move to the third phase of clinical trials in the UK on Monday that will test safety and effectiveness of the shot. The testing round by Janssen Pharmaceutical Companies will include 6,000 volunteers and take place across 17 sites, according to a statement. The vaccine is ...

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• 16 November

  Global stocks climb towards record; greenback retreats

  

  Bloomberg European stocks followed Asian shares and US futures higher on Monday, buoyed by positive sentiment on trade and signs of opposition to a national American lockdown. The dollar fell. The Stoxx Europe 600 opened higher, with Vodafone Group Plc shares climbing after the firm beat estimates and said it expects sales to recover from a first half dominated by ...

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• 16 November

  Asian stocks set for record high as trade pact buoys sentiment

  

  Bloomberg The world’s largest regional free-trade agreement between Asian nations and the ruling out of a national US lockdown boosted sentiment to put Asia Pacific stocks on course to close at an all-time high. The MSCI Asia Pacific Index rallied as much as 1.5% to 187.70, helped by gains in heavyweights like Samsung Electronics Co and Taiwan Semiconductor Manufacturing Co. ...

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• 16 November

  UAE widens ‘golden’ visa system to include more professionals

  

  Abu Dhabi / WAM The UAE Cabinet has announced major changes in the Golden Residency programme aimed at attracting and retaining experts and talented professionals from various fields and scientific disciplines. The changes will take place starting from December 01, 2020. The UAE Golden Residency, a ten-year residency visa, will be granted to residents with PhD degree, in addition to ...

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• 16 November

  Sharjah realty transactions record AED4.6b in Q3 2020

  

  SHARJAH / WAM The real estate sector in the emirate of Sharjah has recorded a 10 percent growth in the real estate transactions concluded in the third quarter of 2020 as compared to the same period last year. Figures show that up to 14,854 real estate transactions, worth AED4.6 billion, were sealed over Q-3 this year. The sales transactions recorded ...

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• 16 November

  Emirates, FlySafair to boost travel options in S Africa

  

  DUBAI / WAM Emirates Airline and FlySafair on Sunday announced an interline agreement, opening up connections for customers to selected routes on FlySafair’s network in South Africa. Through the arrangement, Emirates and FlySafair plan to offer the ease of single-ticket travel and through tagging of baggage for travellers transferring from Emirates’ three gateways – Johannesburg, Cape Town, and Durban to ...

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• 16 November

  Sheikh Zayed Heritage Festival to begin from November 20

  Abu Dhabi / WAM The Higher Organising Committee of the Sheikh Zayed Heritage Festival 2020 announced on Sunday that the festival’s activities will begin on Friday, November 20, in Al Wathbah, Abu Dhabi. Named in honour of the late Sheikh Zayed bin Sultan Al Nahyan, founding father of the United Arab Emirates, the Sheikh Zayed Heritage Festival celebrates the country’s ...

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• 16 November

  Adnoc to seize opportunities to further unlock value for its assets

  

  ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) is set to seize opportunities to further unlock value from its assets and resources as it builds on the momentum of a successful virtual edition of the Abu Dhabi International Petroleum Exhibition Conference (Adipec). Provisional figures show that over 80,000 viewers from around the world tuned into Adipec’s strategic ...

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• 16 November

  Opec, allies get scant relief from vaccine

  

  Bloomberg Oil markets may be cheering the prospects of a coronavirus vaccine, but Opec+ can’t celebrate. Crude prices have rallied to a 10-week high on hopes that Pfizer Inc. and BioNTech SE’s breakthrough could soon revive the flights, car journeys and other economic activity that underpin fuel consumption. Nonetheless, the alliance of producers led by Saudi Arabia and Russia is ...

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• 16 November

  Dafza wins gold award

  DUBAI / WAM Dubai Airport Freezone Authority (Dafza) has won the Dubai Human Development Gold Award at the 26th Business Excellence Awards ceremony organised by the Dubai Economy. The award comes as recognition of Dafza’s efforts within human resources initiatives and applying the best practices in the development of talent. The winners were announced during a ceremony held remotely in ...

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