June, 2020

• 29 June

  European stocks fall with oil

  

  Bloomberg European stocks slid while S&P 500 futures fluctuated as investors weighed scattered signs of economic improvement against the accelerating virus spread in the US, Brazil and India. The dollar slid against all of its major peers after three days of gains. Oil futures fell below $38 a barrel in New York. The yield on Treasury five-year notes traded near ...

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• 29 June

  China industrial profits surge for first time since November

  

  Bloomberg The profits of Chinese industrial enterprises rebounded in May for the first time since November 2019, signaling the economy is continuing to recover from the coronavirus shutdowns Industrial profits rose 6% to 582.34 billion yuan ($82 billion) last month from a year earlier, data from the National Bureau of Statistics showed Sunday. That compared with a decline of 4.3% ...

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• 29 June

  FTA inks MoU with Safeen

  ABU DHABI / WAM The Federal Transport Authority (FTA) – Land and Maritime, signed a Memorandum of Understanding (MoU) with Safeen, the marine services subsidiary of Abu Dhabi Ports, to provide emergency response services and support maritime rescue operations throughout the territorial waters of the United Arab Emirates. Under the terms of the MoU, Safeen will work closely with the ...

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• 29 June

  Sharjah leads global list of high-growth ecosystems

  Sharjah / WAM Sharjah has been ranked in top in high growth activation phase ecosystems in newly launched Global Startup Ecosystem Report (GSER) marking a milestone in the emirate’s journey towards becoming a thriving global startup hub. In line with the Sharjah Entrepreneurship Center’s mandate to put Sharjah on the map as an entrepreneurial hub locally and internationally, Sheraa has ...

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• 28 June

  IsDB issues $1.5bn sukuk to support Covid-19 initiatives

  

  DUBAI / WAM Nasdaq Dubai welcomed the listing on Sunday of a $1.5 billion sukuk issued by Islamic Development Bank (IsDB) to support Covid-19 relief initiatives. The capital raised will fund medical, social and business projects in many of the bank’s 57 member countries aimed at protecting health and improving lives. The sukuk is the second to be issued under ...

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• 28 June

  Food security key to UAE’s social and economic development: VP

  

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has underlined the importance of food security as a key element of comprehensive development and highlighted UAE’s keenness to formulate plans and policies aimed at facilitating sustainable food production by utilising the latest in technology and innovative ...

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• 28 June

  UAE, US discuss ties, efforts to contain Covid-19 impact

  ABU DHABI / WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, and John Rakolta, US Ambassador to the United Arab Emirates, have discussed cooperation relations between the two countries. In a telephone call on Sunday, the two sides also reviewed the latest developments of Covid-19 outbreak and the importance of coordinating and unifying efforts to contain ...

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• 28 June

  ADX introduces region’s first sustainability report

  

  Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX) part of ADQ, on Sunday announce the launch of its first Sustainability Report, the first across the region to be presented in such a comprehensive format and is expected to be updated annually. The report, ADX said, is aligned with its growth strategy, and aims to increase the adoption of sustainable ...

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• 28 June

  Sharjah gets top ranking in high growth ecosystems list globally

  

  Sharjah / Emirates Business Sharjah has ranked the top in high growth activation phase ecosystems in the newly launched Global Startup Ecosystem Report (GSER), marking a milestone in the emirate’s journey towards becoming a thriving global startup hub. In line with the Sharjah Entrepreneurship Center’s mandate to put Sharjah on the map as an entrepreneurial hub locally and internationally, Sheraa ...

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• 28 June

  ADCCI organises its first online B2B matchmaking event

  

  Abu Dhabi / WAM The Abu Dhabi Chamber of Commerce and Industry (ADCCI) organised its first online B2B matchmaking event, which witnessed the participation of more than 100 Emirati and Korean businesses. This virtual online meeting is held instead of a physical one considering the current coronavirus pandemic and the applied precautionary measure including social distancing. At the beginning of ...

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