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GAIAE prints 100,000 copies of Holy Quran at expense of UAE President

ABU DHABI / WAM At the expense of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and the follow-up of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, the General Authority of Islamic Affairs and Endowments (GAIAE) printed about 100,000 copies of the Holy Quran. The copies ...

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Bitcoin’s 160% rebound in 2023 is a gamble on ETF ‘demand shock’

BLOOMBERG The sense of doom that gripped crypto markets at the end of 2022 following a $1.5 trillion wipeout has 12 months later given way to a very different sentiment: avarice. Bitcoin stormed back with a more than 160% advance this year that added some $530 billion to its market capitalisation. In its wake, myriad smaller tokens ranging from Sam ...

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Wall street learns that this year, nothing beat owning the S&P 500

BLOOMBERG Handpicking sectors, sheltering in trendy options strategies, going all-in on dividends — none of it has worked as well this year as simply owning the S&P 500. As 2023 winds down, investors are taking the year’s keep-it-simple lesson to heart. Amid a 4% rally this month that’s propelled the index’s 2023 advance to 24%, they’ve been pouring money into ...

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Festive Gift Guide:

LUSH – A Wish Come True Gift Set (AED 850) For the ultimate Snow Fairy experience, LUSH has curated the ‘A Wish Come True’ gift set which features twelve enchanting Snow Fairy-scented bath, body, shower, and fragrance products to leave you smelling as sweet as Christmas candy and feeling magical from head to toe. Available at all LUSH stores and online on https://www.lush.com/mena/en_ae Elizabeth ...

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Qatari Prime Minister receives Tahnoun bin Zayed

DOHA/ WAM Sheikh Mohammed bin Abdulrahman Al-Thani, Qatar’s Prime Minister and Minister of Foreign Affairs, today received H.H. Sheikh Tahnoun bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi, National Security Adviser, who is currently visiting Doha. During the meeting, Sheikh Tahnoun and Sheikh Mohammed bin Abdulrahman discussed fraternal relations between the two countries and ways to enhance cooperation and ...

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Dubai Police organises ‘Tourist Camps’ event

DUBAI/ WAM The Dubai Police, represented by the Tourist Police Department of the General Department for Criminal Investigation, organised events for “Tourist Camps” to provide a safe tourism environment and work towards community happiness, coinciding with the launch of winter activities. The events were co-organised by the General Department for Community Happiness, the Positive Spirit Initiative, the Tourist Police Department, ...

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Mohammed bin Rashid congratulates Professor Waciny Laredj for winning Great Arab Minds Award in Literature & Arts

DUBAI/ WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, said that literature chronicles the rich tapestry of a people’s culture, while fostering vibrant dialogues between civilisations, noting that the societies that cherish literature’s embers ignite the furnace of progress and kindle the flame of intellectual discovery. H.H. Sheikh Mohammed’s remarks came ...

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Billionaire Gautam Adani’s Green unit plans to raise $2b via debt next year

BLOOMBERG Billionaire Gautam Adani’s renewable energy unit is planning to raise at least $2 billion in mostly new debt next year, people familiar with the matter said, as it capitalises on renewed confidence among creditors in its ambitious expansion plans. Ahmedabad-based Adani Green Energy Ltd is exploring various instruments including private placement of debt, offshore bank loans as well as ...

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