September, 2020

• 8 September

  Bond traders in India on edge again amid conflicting RBI signals

  

  Bloomberg India’s sovereign bond market is on tenterhooks again. Just days after announcing measures to lower yields, the central bank has given signals that traders interpret as a lack of interest from authorities in pushing rates down further. The yield on the five-year bond climbed 29 basis points so far in the three trading sessions to Tuesday while the rate ...

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• 8 September

  Asia shows composure as US equities gyrate

  Bloomberg Asian investors appear confident the current gyrations in US tech stocks will not spark the same level of swings in the Asia Pacific region, according to at least one key indicator. While a gauge of 10-day volatility in the S&P 500 Index spiked to a two-month high last week amid the accelerating selloff in tech, a similar measure for ...

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• 7 September

  UAE cabinet gives approval to National Policy on Vaccinations

  DUBAI / WAM The UAE cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the National Policy on Vaccinations, which is a multi-sectoral national framework for combating communicable diseases and reducing their risks to individuals and society. The policy will act as a coordination ...

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• 7 September

  Emirates returns AED5b to customers in refunds

  

  DUBAI / WAM Emirates Airlines announced that is has returned over AED5 billion in Covid-19 related travel refunds to date, making strong and steady progress on its commitment to customers to complete pending refunds. More than 1.4 million refunds requests have been completed since March, representing 90 percent of the airline’s backlog, the airline said in a statement on Monday. ...

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• 7 September

  Etihad unveils global Covid-19 insurance

  

  Abu Dhabi / WAM Etihad Airways is introducing Covid-19 global wellness insurance cover as part of Etihad Wellness, the airlines new health and hygiene programme. The insurance will cover up to EUR150,000 of medical costs and up to EUR100 a day of quarantine costs in case of a positive diagnosis for 14 days, according to a press release of the ...

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• 7 September

  Terrorism poses significant threat to global peace: UAE

  CAIRO / WAM The UAE has reiterated that terrorism poses a significant threat to international peace and security, stressing that terrorist acts often begin with the use of extremism and violence as means to create change. This statement was made by Mariam Khalifa Al Kaabi, Acting UAE Ambassador in Cairo, during a seminar on efforts to combat terrorism and extremism ...

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• 7 September

  Oil extends drop after Saudi price cuts underline demand concern

  

  Bloomberg Oil extended its retreat below $40 a barrel after Saudi Arabia cut pricing for October crude sales as demand stuck below pre-Covid levels. Futures in New York dropped 1.7% after Saudi Aramco reduced its key Arab Light grade more than expected for shipments to Asia, a signal that fuel consumption in the largest oil-importing region is wavering. The company ...

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• 7 September

  Tadweer launches phase two of solar power plant

  

  Abu Dhabi / WAM The Abu Dhabi Waste Management Center (Tadweer) announced the opening of the second phase of the solar power plant project at the Construction and Demolition Waste Recycling Facility in Al Dhafra region of Abu Dhabi. Aimed at lowering the facility’s carbon footprint, Al Dhafra C&D Waste Recycling Facility, the first of its kind in the world ...

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• 7 September

  Sultan Al Jaber calls for more public-private partnerships

  

  Abu Dhabi / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, held his first meeting with the members of the Industrial Coordination Council (ICC) outlining the leadership’s vision to advance the nation’s industrial sector and the critical role the ICC plays in supporting the ministry’s mandate. Dr Al Jaber, who was joined in the virtual ...

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• 7 September

  UAE condemns attack on police officers in Tunisia

  Abu Dhabi / WAM The UAE has strongly condemned the terrorist attack that targeted two police officers in Tunisia, killing one and wounding the other. In a statement on Monday, the Ministry of Foreign Affairs and International Cooperation underscored the UAE’s utter condemnation of such criminal acts and full rejection of all forms of violence and terrorism aimed at undermining ...

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