October, 2020

• 27 October

  Hamdan launches ‘Nasdaq Dubai Growth Market’ to support SMEs

  

  Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, has launched the Nasdaq Dubai Growth Market, a new market under the umbrella of Nasdaq Dubai. The initiative aims to help young businesses and small and medium-sized companies, SMEs, achieve the next phase of their expansion by raising capital through an initial public ...

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• 27 October

  Covid-19: UAE reports 1,708 new recoveries

  

  Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 110,807 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. As ...

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• 27 October

  DFM’s nine-month net profit rises 26% to reach AED120m

  

  Dubai / WAM Dubai Financial Market Company (DFM) announced its financial results for the first nine months of the year ending September 30, registering a net profit of AED120.1 million, a 26 percent increase from AED95.5 million in the same period of 2019. Net profit of the third quarter of this year increased 35 percent to AED41.1million, compared to AED 30.4 ...

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• 27 October

  UAE and Israeli football leagues sign deal to bolster cooperation

  

  ABU DHABI / WAM The UAE Pro League signed a Memorandum of Understanding (MoU) with the Israeli Professional Football League, that will see the two sides cooperate to further develop the success of the sport in both countries. The historic agreement – the first of its kind in the Middle East – is a step towards laying the foundations for ...

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• 27 October

  Free parking in Abu Dhabi on Thursday

  

  ABU DHABI / WAM The Integrated Transport Centre (ITC) of the Department of Municipalities and Transport in Abu Dhabi has announced that parking bays will be free of charge during the Prophet Mohammed’s birthday holiday, starting from Thursday until 7:59 am Saturday. In a statement on Tuesday the ITC also called upon drivers not to park in prohibited areas or ...

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• 27 October

  UAE, Uzbekistan to enhance economic cooperation

  

  DUBAI / WAM The export credit agencies (ECAs) of the UAE and Uzbekistan have agreed to bolster and reinforce the trade and economic alliance between the two countries by exploring and boosting opportunities in the export of goods and services. This follows UAE and Uzbekistan’s last month announcement of their expanded partnership to include economy, manufacturing, and business incubators through ...

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• 27 October

  Africa’s only atomic plant bets $1.2 billion on a second life

  

  Bloomberg Eskom Holdings SOC Ltd, South Africa’s indebted power utility, started a billion-dollar round of investments in Africa’s oldest and only nuclear power plant before getting permission from safety regulators that the reactor’s lifetime can be extended. The decision to begin installing new steam generators at the Koeberg plant near Cape Town underscores state-owned Eskom’s confidence that it will win ...

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• 27 October

  Sudden and total clarity about the 2020 election

  

  The past few days have offered the most clarifying hours of American politics since the night of November 8, 2016. Four years ago, President Donald Trump’s unlikely victory put the world on notice that the US was slamming the brakes on the 21st century. Last weekend, the White House and Congress defined the 2020 election in the starkest terms yet. ...

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• 27 October

  Your 5G is about to get much better

  

  Apple Inc has finally joined the 5G party, and it’s a well-timed entrance. Often derided for being late to new technologies, and rightly so, the launch of its first 5G iPhones coincides with some important changes to be rolled out by the telecoms industry this quarter. As a result, wireless connections are going to get better and smartphone performance should ...

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• 27 October

  South Korea is winner of the WFH economy

  South Korea is in something of a sweet spot for the Covid-19 era. Neighbouring China, its biggest trading partner, is driving the global rebound and the world increasingly wants the technology that Korea sells. Gross domestic product figures are encouraging. The economy expanded 1.9% in the third quarter from the prior three months, the government reported on Tuesday, exceeding forecasts ...

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