July, 2020

• 1 July

  Deutsche Boerse outage halts trading in Central Europe

  

  Bloomberg Deutsche Boerse AG’s electronic trading system was halted due to a technical glitch on Wednesday, the second such outage this year. It disrupted derivatives trading and stock markets in several Central and Eastern European countries, and prompted Denmark to postpone a bond auction. Only about 30 of 99 stocks in Germany’s HDAX large and mid-cap index were showing electronic ...

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• 1 July

  Surging inflows spur fight to limit Taiwan dollar’s strength

  Bloomberg The intraday trading chart for Taiwan’s currency is looking more and more crazed as suspected intervention by the central bank combats pressure on the exchange rate to strengthen. Take Tuesday. The Taiwan dollar jumped as much as 0.7% against the greenback in morning trading, before giving up all its gains at the noon-time break. Upon resuming trade it strengthened ...

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June, 2020

• 30 June

  Khalifa Fund provides AED50.3m loans to startups, SMEs in 2019

  

  Abu Dhabi / WAM Khalifa Fund for Enterprise Development, the independent, non-profit development entity mandated by Abu Dhabi Government to support small and medium enterprises (SMEs) have revealed its achievements for year-end 2019. A fundamental pillar of Khalifa Fund is to support the growth of the entrepreneurial ecosystem in the UAE by providing funding for startups and SMEs through strategic ...

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• 30 June

  Aramex ties up with Mubadala unit to deliver medical supplies

  

  DUBAI / WAM Aramex on Tuesday announced that it has partnered with Mubadala Healthcare, a unit of Mubadala, to distribute door-to-door critical medical supplies to patients across the UAE. Under the agreement, Aramex will collaborate with participating hospitals under Mubadala’s Healthcare portfolio including Imperial College London Diabetes Centre, Healthpoint and Cleveland Clinic Abu Dhabi for next day delivery of over-the-counter ...

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• 30 June

  Ministry unveils AED295m projects in Dubai, Sharjah

  

  ABU DHABI / WAM The Ministry of Infrastructure Development launched three federal projects in Dubai and Sharjah costing AED295 million, which are expected to be completed in Q4 of 2021. Moneera Abdulkareem, Director of the Southern Region at the ministry, said that the ministry is currently overseeing the construction of the “Lesaily School Project” in Dubai, which is expected to ...

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• 30 June

  Deal to advance transport sector in Mideast through AI signed

  ABU DHABI / WAM Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) the world’s first graduate-level, research-based artificial intelligence (AI) university, and Virgin Hyperloop, the California-based category leader in hyperloop development, have signed a Memorandum of Understanding (MoU) to initiate a collaborative approach to research and innovation in the field of AI. In a virtual ceremony, the MoU was signed ...

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• 30 June

  Oil edges lower with new virus surge darkening demand outlook

  

  Bloomberg Oil edged lower as the resurgence of the coronavirus in the US continued to dampen the prospects of a broader demand recovery. Futures in New York fell 1.3% towards $39 a barrel. With the coronavirus running rampant across southern and western America and many states pausing or reversing reopening measures, the outlook for energy demand in the world’s largest ...

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• 30 June

  UAE had 9,084 mosques in 2019: FCSA

  

  ABU DHABI / WAM In 2019, the number of mosques and musallas in the UAE reached 9,083 and 163 respectively, according to statistics released by the Federal Competitiveness and Statistics Authority (FCSA). Mosques with a capacity of more than 100 worshippers accounted for 85 percent of the total number with 301 mosques each accommodating more than 1,000 worshippers. Figures also ...

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• 30 June

  DMCC bolsters Dubai-China trade ties through diamonds

  

  Dubai / WAM DMCC — the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, announced the signing of a Memorandum of Understanding (MoU) with the Guangzhou Diamond Exchange (GZDE) establishing a strategic partnership with one of China’s leading international diamond trading platforms and communities. The agreement strengthens bilateral ties between the UAE and China, ...

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• 30 June

  UAE to reopen mosques, places of worship today

  Abu Dhabi / WAM The UAE government announced that mosques, prayer spaces, and other places of worship will gradually reopen nationwide from July 1 and operate at 30 percent capacity. The development comes in coordination with relevant federal and local authorities who continue to take all considerations for precautionary and preventive measures. However, prayer spaces located on motorways, industrial areas, ...

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