August, 2020

• 11 August

  Finland to force quarantine on travellers

  Bloomberg Finland will quarantine travellers from most of the world to halt the spread of Covid-19. Just 25 countries are currently exempt from the mandatory quarantine, Krista Kiuru, minister for family affairs and social services, told reporters. Passengers who fail to comply face at most three months jail time or a fine and airlines will be required to disclose transit ...

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• 11 August

  Visa beats Google’s record low yield in debut green bond sale

  

  Bloomberg Visa sold bonds at a record low yield as it became the first consumer finance company to issue debt to fund environmentally friendly projects. The world’s largest payments network, sold $3.25 billion of debt in three parts. The shortest portion of the deal is a seven-year green note with at 0.75% coupon, sliding past Google parent Alphabet Inc.’s record ...

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• 11 August

  Stocks advance globally while dollar falls with gold

  

  Bloomberg Equities rise globally alongside US index futures after President Donald Trump said he’s considering a tax cut on capital gains. Gold slipped for a third day. From carmakers to energy stocks, a broad rally swept the Stoxx Europe 600 Index higher. Momentum carried forward from Asia, where a benchmark gained the most in a week, and from the US, ...

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• 11 August

  India’s sensex extends gains as fund inflows to stocks continue

  

  Bloomberg India’s benchmark equity index rose, in line with peers in Asia, as investors weighed the prospect of business recovery against the pace of new coronavirus infections. The S&P BSE Sensex gained 0.7% to 38,434.13 as of 10:06 am in Mumbai, set for its longest stretch of gains in three weeks. The NSE Nifty 50 Index also advanced 0.6%. India’s ...

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• 11 August

  South Africa stocks rise

  Bloomberg South Africa’s main stock index climbs 1.6% by 9:43 am in Johannesburg as gains in diversified miners and a rally in Richemont counters weakness in index giant Naspers Ltd. It’s the market’s first trading session of the week following Monday’s holiday. Sasol reverses earlier weakness to be 0.9% higher. Stock retreated as much as 3.1% after the company said ...

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• 10 August

  Hamdan bin Zayed directs ERC to support Beirut explosion victims

  

  ABU DHABI / WAM His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Red Crescent (ERC) has directed the ERC to support orphans who have lost their families in the explosion in Beirut, as well as the families of other victims. HH Sheikh Hamdan also instructed the ERC to provide ...

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• 10 August

  Oil climbs with Aramco seeing demand recovery continuing

  

  Bloomberg Oil snapped a two-day losing streak as Saudi Aramco predicted demand will continue to improve through the rest of the year, despite many regions across the world struggling to bring the coronavirus under control. Crude consumption in Asia is almost back to pre-virus levels, Aramco Chief Executive Officer Amin Nasser said. Meanwhile, oil drilling in the US falls to ...

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• 10 August

  UAE extends deadline for visit visa holders by 30 days

  Abu Dhabi / WAM The Federal Authority for Identity and Citizenship (ICA) issued a decision to extend the deadline for holders of expired entry permits and visas from August 11 for one month, to enable them to leave the country and exempt them from all resulting fines. The authority’s decision is part of the national initiatives launched by UAE and ...

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• 10 August

  Green shoots of revival bloom as Dubai accelerates tourism rebound

  

  DUBAI / WAM Dubai’s tourism and hospitality sectors are benefitting from a rapid rebound driven by a multi-phase roadmap being executed by the Department of Tourism and Commerce Marketing, Dubai Tourism. “Dubai continues to take effective steps under the guidance of the visionary leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the ...

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• 10 August

  Ajman DED obtains 4 ISO certificates

  Ajman / WAM Ajman’s Department of Economic Development (DED) received on Monday four new ISO certificates, namely ISO 22301 for Business Continuity, ISO 45001 – Occupational Health & Safety, ISO 14001 – Environmental Management System and PAS 99 Integrated Management Systems. On this occasion, Ali Eissa Al Nuaimi, Director-General of Ajman’s Department of Economic Development, said in a statement that ...

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