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The UAE’s Ministry of Finance (MoF) and the Ministry of Health and Prevention (MoHAP) recently participated in the virtual Joint Meeting of G20 Finance and Health.
Emirates Islamic, one of the leading Islamic financial institutions in the UAE and rated A+ (stable) by Fitch, has successfully closed the issuance of a $500 million 5-year Sukuk from its $2.5 billion Certificate Issuance Programme.
Brent crude was down 33 cents, or 0.8%, at $42.82 a barrel by 0645 GMT, while US crude was down 38 cents, or 0.9%, to $40.73 a barrel.
Spot Gold eased 0.1% to $1,947.19 per ounce by 0810 GMT. US Gold futures fell 0.5% lower to $1,953.
Sweden's gross domestic product will shrink around 4.6% this year, the government said on Monday, outlining a budget bill that will pump around 105 billion crowns ($12.0 billion) into the economy to kick-start growth following the pandemic.
The yen hit a six-month high against the dollar on Monday, gaining for a sixth consecutive session against the greenback as stock markets tumbled and pushed investors to the perceived safety of the Japanese currency.
The head of the European Central Bank said that the economy is rebounding but that the recovery remains uncertain, incomplete and dependent on containing the virus outbreak.
The Sharjah Entrepreneurship Center (Sheraa) is launching ‘UCAN’ or the Ubuntu Care And Nurture initiative with a $250,000 equity-free prize purse open to top startups from the Middle East and Africa.
Global banks faced a fresh scandal about dirty money on Monday as they sought to limit the fallout from a cache of leaked documents showing they transferred more than $2 trillion in suspect funds over nearly two decades.
Brent crude for November delivery dropped 40 cents, or 1%, to $40.63 per barrel by 06:35 GMT. West Texas Intermediate fell 32 cents, or 0.8%, to $38.97.
