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Dubai / WAM Nasdaq Dubai has welcomed the listing of three sukuk issued by the government of Indonesia with a total value of $2.5 billion. The sukuk achieved nearly 6.7 times subscription by investors, including international investors in Asian and Middle East countries. The listings comprise a 10-year issuance of $1 billion and two issuances of $750 million each, one ...

Abu Dhabi / WAM The UAE Ministry of Economy (MoE) has taken part in a video conference organised by the delegation of the European Union to the UAE, with the participation of Trade Counsellors from European Union (EU) Member States represented in the country. During the virtual session, Juma Mohammed Al Kait, Assistant Under-Secretary of the UAE Ministry of Economy for ...

Abu Dhabi / WAM Adnoc Distribution has marked a major milestone in the opening of its 400th station on Saadiyat island, Abu Dhabi and the delivery of 25 new stations year to date in 2020. In the first half of the year, the company has experienced strong delivery despite the challenging environment, with openings across Abu Dhabi, Dubai and Fujairah. ...

RAS AL KHAIMAH / WAM A ground station that will track and communicate with a satellite built by American University of Ras Al Khaimah (Aurak) students has opened on the University’s campus. The ground station is capable of communicating with satellites in orbit by sending commands and receiving telemetry, images and science data back from them. The satellite project is ...

Bloomberg The Trump administration’s response to the allegation Russia offered bounties for killing American troops makes the US vulnerable to adversaries regardless of whether it’s true, former US National Security Advisor John Bolton says. “What it tells the Russians is that we are in disarray and ripe for this kind of provocation, not just in Afghanistan but in many, many ...

Bloomberg The scale of Boris Johnson’s challenge to revive the UK economy was laid bare on Wednesday as house prices posted their first annual decline since 2012 and firms reported a record slump in sales. The prime minister has unveiled part of his plan for boosting the UK’s recovery, reconfirming his commitment to long-term investment in some of the country’s ...

Bloomberg German unemployment surged in June as one of country’s leading economic research institutes warned of a slower-than-expected economic recovery from the coronavirus pandemic. Another sharp gain last month has taken the number of job losses in the second quarter to 678,000 and the total to just below 3 million, a threshold not broken since 2011. Yet more redundancies were ...

Bloomberg Factories across the euro area recorded a stronger performance than initially reported in June, with consumer-goods producers growing again. But despite countries easing restrictions and life slowly returning to normal, output continued to contract and demand — especially among exporters — remained weak. In a sign that the pandemic has been inflicting lasting damage on the economy, all of ...

Bloomberg As the Eiffel Tower gradually reopens from an extended shutdown, an essential segment of the summer tourist trade will be missing: Americans touching down in Paris on lucrative trans-Atlantic flights. Voyagers from New York, Houston or Los Angeles will have to hold off on their overseas vacations after European Union governments extended a travel ban from Wednesday, deeming the ...

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, ...