Dubai sells $2bn in bonds for first time in six years

Central Bank of UAE [Achilver/wikipedia] The government of Dubai has sold $2 billion in Islamic and conventional bonds, in its first sale to international debt markets in six years. The sale included $1 billion in ten-year sukuk, or Islamic bonds, and $1 billion in 30-year conventional bonds, Reuters reported. The coronavirus pandemic has affected all

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Ethiopia’s Tigray region to holds poll, defying federal government

Photo: Credit Reuters Ethiopia’s northern Tigray region will head to the polls on Wednesday in defiance of the federal government, the latest challenge to Prime Minister Abiy Ahmed from a slew of regional leaders flexing their muscles ahead of next year’s national elections. Abiy has overseen sweeping democratic reforms since taking power in Africa’s second

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Bahrain to allow Israel flights to UAE over its airspace

FILE – In this Monday, Aug. 31, 2020 file photo, an official stands at the door of an Israeli El Al airliner after it landed in Abu Dhabi, United Arab Emirates. The Saudi Press Agency announced Wednesday, Sept. 2, 2020, that it will allow flights “from all countries” to cross its skies to reach the

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Angry mum accuses parents of ‘flouting social distancing’ outside Birmingham school gates

Photo: Credit Birmingham Mail Mum claims crowds of parents at Ninestiles School, Acocks Green, were not properly social distancing An angry mum has accused parents of failing to follow social distancing rules at a Birmingham school as kids returned to classes. A mobile phone clip (see above) shows eager mums and dads lining the entrance

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Somali regulator plots course through political quagmire

Photo/Somali Times The establishment of the Somali Petroleum Authority and launch of a licensing round may be undermined if the replacement of the ousted prime minister is not seen as legitimate Somalia has passed several key milestones on the long journey to establish a hydrocarbons industry. But maintaining legitimacy of the process in a fragmented

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NHS Test And Trace ‘Contact Tracing’ Rate Is Lowest Since Service Began

PA Screen grab of Baroness Dido Harding, executive chair of NHS Test and Trace, during a media briefing in Downing Street By Paul Waugh New figures come amid moves to expand the system to cope with mass testing. The government’s flagship NHS Test and Trace programme is facing fresh criticism after it posted its worst

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Livestock ship carrying 42 crew sinks off Japan’s coast

In this photo released by the 10th Regional Japan Coast Guard Headquarters, a Filipino crewmember of a Panamanian cargo ship is rescued by Japanese Coast Guard members in the waters off the Amami Oshima, Japan Wednesday, Sept. 2, 2020. Japanese rescuers have safely plucked the crewmember from the sea while searching for the cargo ship

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Presidents Puntland and Jubaland have called Farmajo not interfere in Gedo region

Photo/Somali Times A meeting between President Mohamed Abdullahi Farmajo and the Presidents of Jubaland and Puntland, Ahmed Mohamed Islam and Said Abdullahi Deni, was scheduled for Wednesday night, but was canceled due to undisclosed reasons. 1. The Presidents of Puntland and Jubaland are in Mogadishu for three nights, holding separate meetings with Somali political stakeholders,

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Inside Kenya’s tiff with Somalia and Tanzania

Photo/Somali Times What you need to know: For Somalia, the old story of miraa ban returned last week after a delegation of farmers’ representatives returned empty-handed. But the miraa story has always been political. Nairobi has had a month-long standoff with Tanzania. This has led some analysts to think the region, despite having integration blocs,

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Budget deficit to hit record $3.3T due to virus, recession

FILE – In this Aug. 3, 2020, file photo dark clouds and heavy rain sweep over the U.S. Capitol in Washington. The federal budget deficit is projected to hit a record $3.3 trillion as huge government expenditures to fight the coronavirus and to prop up the economy have added more than $2 trillion to the

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