Tuesday , September 29 2020

Recent News

VP launches project to shape UAE’s next 50 years

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched ‘Designing the Next 50’ project to involve the public in shaping the future of the UAE. The project will bring together all members of the society ...

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Sanad signs AED1 billion MRO deal with Pratt & Whitney, IAE

Abu Dhabi / WAM Sanad, a wholly-owned subsidiary of Mubadala Investment Company (Mubadala) announced today a new AED1 billion deal with Pratt & Whitney and International Aero Engines (IAE). The new agreement will see Sanad Aerotech providing IAE with expanded maintenance, repair and overhaul (MRO) services for its V2500 engines, ...

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UAE successfully launches mini satellite into space

Abu Dhabi / WAM The UAE’s MeznSat, a national project in partnership between UAE Space Agency, American University of Ras Al Khaimah (Aurak), and Khalifa University (KU) lifted off aboard a Soyuz-2b rocket from the Plesetsk Cosmodrome in Russia. MeznSat aims to enrich scientific research and organise space-related activities while ...

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Bond traders see India raising second-half debt sales by a fifth

Bloomberg Indian bond traders’ worst fears may be realised this week if Prime Minister Narendra Modi’s government announces a further increase to its mammoth borrowing plan. Traders expect the government to lift its borrowing estimate for the October-March period to six trillion rupees ($81.5 billion) from the existing 5 trillion ...

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European stocks rally most in two weeks

Bloomberg European stocks rallied the most in two weeks, led by bank shares, on optimism that the recent selloff is overdone. The pound strengthened on hopes that UK and European Union officials will be able to make progress as a key week of Brexit talks begins. Asian equities and US ...

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It’s deja vu for Canada stock investors as virus hits market

Bloomberg Canada’s stock market is on pace for its first monthly loss since the coronavirus pandemic rocked global markets in March, signalling investors should brace for a wild ride ahead. The problem today, as it was in the spring, is the spread of Covid-19. Virus cases are rising rapidly in ...

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Every day-trader dollar is worth 5 in a new theory on stocks

Bloomberg Day traders claiming bragging rights for this year’s $9 trillion US equity rebound can find some supporting evidence in the latest research. Even as retail trading has grown to represent 20% of daily volume, Wall Street has struggled to figure out how much this modest-sized contingent actually influences prices. ...

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European stocks climb with futures; dollar extends rally

Bloomberg European stocks bounded higher with US futures as equity markets built upward momentum after the September selloff cut valuations. The dollar extended its rebound. The Stoxx Europe 600 rises the most in two weeks on gains in airline, media and auto shares. Contracts on the blue-chip Dow Jones Industrial ...

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