September, 2020

• 23 September

  European stocks climb with futures; dollar extends rally

  

  Bloomberg European stocks bounded higher with US futures as equity markets built upward momentum after the September selloff cut valuations. The dollar extended its rebound. The Stoxx Europe 600 rises the most in two weeks on gains in airline, media and auto shares. Contracts on the blue-chip Dow Jones Industrial Average outperformed those on the Nasdaq 100 as investors turned ...

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• 23 September

  India’s sensex falls, erasing earlier gains, as telecoms weigh

  

  Bloomberg Indian stocks fall, with the benchmark gauge set for its longest string of losses in six months. The S&P BSE Sensex dropped 0.3% to 37,611.34 as of 1:36 pm in Mumbai, erasing an earlier gain of as much as 1%. The NSE Nifty 50 Index lost 0.5% as both measures headed for a fifth day of declines. A measure ...

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• 22 September

  UAE health ministry officials get first dose of Covid-19 vaccine

  

  Sharjah / WAM In line with the Ministry of Health and Prevention’s (MoHAP’s) plan to get frontline health workers vaccinated against the coronavirus, a number of health officials have taken the first dose of Covid-19 vaccine. Following the UAE’s authorisation of the use of the vaccine by frontline workers, MoHAP has also started administering the vaccine to medical and nursing ...

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• 22 September

  Mubadala, Barings partner on $3.5b financing platform

  

  ABU DHABI / WAM Barings, one of the world’s leading financial services firms, on Tuesday announced that it has formed the Barings Mubadala Enterprise (BME) – an evergreen origination platform seeking to provide financing solutions to European middle-market businesses. BME and its capital partners aim to provide $3.5 billion in financing over the next 18 months to help meet growing ...

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• 22 September

  Dubai-Saudi trade hit AED500b in last decade

  

  DUBAI / WAM Ahmed Mahboob Musabih, Director-General of Dubai Customs said the non-oil trade between Dubai and Saudi Arabia amounted to AED500 billion in the last ten years (2010-2020), which makes the kingdom Dubai’s biggest Arab trade partner and fifth globally. The great economic relationship that Saudi has with the UAE reflects the strong ties between the two states, and ...

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• 22 September

  UAE to celebrate 90th Saudi National Day

  Abu Dhabi / WAM The UAE will join Saudi Arabia in celebrating the kingdom’s 90th National Day on September 23. The UAE’s official and public participation in this year’s celebration, held under the slogan, “Together Forever”, confirms the deep ties between the two countries. Throughout history, the relations between the two countries have guaranteed the security of GCC and Arab ...

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• 22 September

  Al Jaber lays out future direction of sustainable economic growth

  

  Abu Dhabi / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, chaired Tuesday’s virtual meeting of the Industrial Coordination Council with the participation of Sarah bint Yousif Al Amiri, Minister of State for Advanced Technology, and members of the Council. The meeting included discussions on how to empower the industrial sector, strengthen the UAE’s competitive ...

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• 22 September

  Brent oil climbs but demand clouds linger

  

  Bloomberg Oil edged higher, recovering from its biggest loss in almost two weeks even as a resurgent coronavirus looms over the demand outlook. Futures in London were up 1.3% near $42 a barrel, snapping a sharp decline from Monday alongside the European markets. Brent also recovered from technical support, moving away from their 100-day moving average on Tuesday. That’s despite ...

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• 22 September

  Barakah Unit 1 power capacity reaches 50%

  Abu Dhabi / WAM Nawah Energy Company (Nawah) the Joint Venture nuclear operations and maintenance subsidiary of the Emirates Nuclear Energy Corporation (Enec), and Korea Electric Power Corporation (Kepco), announced on Tuesday that the reactor of Unit 1 of the Barakah Nuclear Energy Plant has achieved 50% of its electricity production capacity. The milestone achievement was announced on the sidelines ...

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• 22 September

  Sharjah Ruler greets Saudi’s King Salman on 90th National Day

  Sharjah / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has sent a congratulatory message to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud of Saudi Arabia, on the occasion of the Kingdom’s 90th National Day. The Sharjah Ruler has also dispatched a similar congratulatory message ...

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