June, 2020

• 21 June

  Investors in Canada turn to sustainable investing amid virus

  

  Bloomberg Sustainable investing is exploding in Canada as the coronavirus and an anti-racism movement highlight long-standing social inequalities. Net inflows into Canadian exchange-traded funds that track companies focusing on environmental, social and governance factors has surged to C$740 million ($544 million). That has already outstripped the C$200 million invested in 2018 and the C$142 million last year, excluding seed capital, ...

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• 21 June

  UBS tells ultra-rich clients to ‘avoid’ stock bubbles

  Bloomberg The world’s largest wealth manager has a message for any clients tempted to follow day traders into some of equity market’s more exotic stocks in search of a fast buck: don’t even go there. With little-known companies from Fangdd Network Group Inc. to Nikola Corp. having seen their stock prices surge manyfold during recent market rally, UBS Global Wealth ...

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• 20 June

  Oil resumes winning streak on gradual demand recovery

  

  Bloomberg Oil turned around last week’s setback, extending a slow but relentless rise since falling into negative territory in April. US benchmark crude futures rose 2.3% to close at the highest level since March 6. The 9.6% increase for the week marks the seventh gain in the last eight weeks. Oil traders Vitol Group and Trafigura Group and exporter Saudi ...

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• 20 June

  South Africa’s debt to top 100% of GDP by 2025

  

  Bloomberg South Africa’s debt levels will exceed 100% of gross domestic product in 2025 and rise to almost 114% before the end of the decade, according to a document presented by Finance Minister Tito Mboweni and seen by Bloomberg. Mboweni made the presentation to the National Economic Development and Labour Council, according to posts on his Twitter and Facebook pages. ...

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• 20 June

  UAE welcomes IAEA’s call for access to Iran’s N-sites

  Abu Dhabi / WAM The UAE welcomed the adoption of a draft resolution submitted by France, Germany, and United Kingdom by the Board of Governors of the International Atomic Energy Agency (IAEA) calling on Iran to fully cooperate with the agency and meet its demands without delay, including providing immediate access to several of Tehran’s nuclear sites. The UAE praised the ...

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• 20 June

  Sheikh Mohamed, Sudan PM discuss regional developments

  

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, discussed with Sudan’s Prime Minister Dr Abdullah Hamdouk, ways of further strengthening the brotherly relations between the two nations. This came over a call, during which His Highness Sheikh Mohamed assured the Sudanese premier ...

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• 20 June

  ECI, DIEDC sign agreement to boost UAE’s halal exports

  

  DUBAI / Emirates Business Etihad Credit Insurance (ECI), the UAE’s federal export credit company, has partnered with Dubai Islamic Economy Development Centre (DIEDC) to boost UAE exports through sharia-compliant export credit solutions. The agreement is in line with the vision and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and ...

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• 20 June

  UAE forerunner in embracing effective smart education model

  

  Dubai / WAM Hussain bin Ibrahim Al Hammadi, Minister of Education, said the UAE has been a forerunner in embracing an effective smart education model that’s catered to the needs of around 1.2 million students without significant impediments. The minister’s remarks came in a regional webinar organised by the Unesco Regional Bureau for Education in Beirut on the future of ...

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• 20 June

  RTA completes new bus depot at Al Quoz

  

  DUBAI / WAM Mattar Mohammed Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA) announced the completion of Al Quoz Bus Depot to support the daily movement of buses. The new facility, which complements other bus depots at Jebel Ali, Al-Khawaneej, Al Ruwayyah , Al Aweer and Al Qusais, serves buses operating ...

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• 20 June

  EDA hosts Omar Saif Ghobash to discuss UAE future diplomats’ role

  

  Abu Dhabi / WAM The Emirates Diplomatic Academy (EDA) on Saturday, hosted Omar Saif Ghobash, Assistant Minister for Culture and Public Diplomacy, who delivered an enlightening discussion, titled: “Letters to a Young Diplomat.” Moderated by Bernardino Leon, Director-General of EDA, the session is part of a virtual series of diplomatic dialogues #EDATALKS. The session was attended by EDA’s students and ...

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