September, 2020

• 27 September

  It’s deja vu for Canada stock investors as virus hits market

  

  Bloomberg Canada’s stock market is on pace for its first monthly loss since the coronavirus pandemic rocked global markets in March, signalling investors should brace for a wild ride ahead. The problem today, as it was in the spring, is the spread of Covid-19. Virus cases are rising rapidly in parts of the world that seemed to have the problem ...

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• 27 September

  Every day-trader dollar is worth 5 in a new theory on stocks

  

  Bloomberg Day traders claiming bragging rights for this year’s $9 trillion US equity rebound can find some supporting evidence in the latest research. Even as retail trading has grown to represent 20% of daily volume, Wall Street has struggled to figure out how much this modest-sized contingent actually influences prices. After all, the market is teeming with algorithmic funds, long-only ...

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• 26 September

  UK budget deficit soars to $222bn under lockdowns

  

  Bloomberg UK government borrowing soared to 173.7 billion pounds ($222 billion) in the first five months of the fiscal year as the costs of the coronavirus pandemic continued to mount. The budget deficit in August alone was 35.9 billion pounds, the Office for National Statistics said. Britain now has borrowed more since a national lockdown was imposed in March than ...

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• 26 September

  Maintenance works for 101 schools complete: Musanada

  

  Abu Dhabi / WAM The Abu Dhabi General Services Company (Musanada), which is part of the ADQ, has completed all the summer maintenance works pertaining to 101 schools across Abu Dhabi, Al Ain and Al Dhafra regions at a total cost of approximately AED26.2 million. The company was keen on completing the maintenance and renovation works as per the agreed ...

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• 26 September

  Covid-19: UAE reports 857 new recoveries

  Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced on Saturday that it conducted 98,168 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. As part of its intensified testing campaign, MoHAP announced 1,078 new coronavirus cases, bringing the total number of cases in the UAE to 90,618. The ministry also noted an ...

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• 26 September

  Oil falls in wake of renewed concerns over virus surge

  

  Bloomberg Oil falls this week amid growing concerns that another wave of the coronavirus pandemic will spark tighter lockdown measures and further stifle crude demand. New York futures edged lower and drop 2.1% on the week. The number of US coronavirus cases rise above 7 million, according to data from Johns Hopkins University. Meanwhile, a second governor tested positive for ...

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• 26 September

  Al Dhafra Festival to be held with strict safety measures

  Abu Dhabi / WAM The 14th edition of Al Dhafra Festival, the greatest celebration of Bedouin lifestyle, will be held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, from November 5 to January 29, 2021 in Medinat Zayed, Dhafra Region, said the ...

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• 26 September

  UAE to send first Arab mission to moon by 2024: Mohammed

  

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, was briefed about the new strategy of the Mohammed bin Rashid Space Centre (MBRSC) 2021-2031 launched by the centre on Saturday to shape its work in the coming decade to enhance global competitiveness and strategic partnerships of space ...

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• 26 September

  Jafza, FICC ink deal to accelerate economic and trade relations

  

  Dubai / WAM Jebel Ali Free Zone (Jafza), DP World’s flagship Free Zone and the leading business and logistics hub in the UAE, has entered into a strategic agreement with The Federation of Israeli Chambers of Commerce (FICC), in a concentrated effort to support businesses and encourage economic cooperation. Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, ...

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• 26 September

  Dubai fines 14 businesses for violating Covid-19 rules

  

  Dubai / WAM The field inspection teams from the Commercial Compliance & Consumer Protection (CCCP) Sector in Dubai Economy continued its visits and inspection tours across the emirate to ensure commitment to precautionary measures enforced to limit the spread of Covid-19. During tours, Dubai Economy imposed fines on 14 commercial establishments, mainly for employees’ lack of commitment to wearing masks. ...

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