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BLOOMBERG Chinese stocks saw volatile trading as worrying signs mount in all corners of the economy.  The Hang Seng Index, where a majority of the members are mainland firms, closed little changed after falling more than 2% earlier, which took losses since a January high to 21%. A gauge of Chinese tech stocks gained 0.8%, flipping from a 2.5% loss. ...

SHARJAH / WAM Sharjah has recorded real estate transactions worth AED1.9 billion during July 2023, according to the monthly report issued by Sharjah Real Estate Registration Department. The department executed a total of 2,783 transactions of which 684 were sales transactions across 96 areas, distributed over the various regions of the emirate, and with more than 6 million square feet ...

Al AIN / WAM The United Arab Emirates University (UAEU) has made all the necessary preparations for the start of the new academic year 2023-2024. It received 4,764 new students, both male and female, who have successfully completed the admission and registration procedures for the various colleges and academic programs offered by the university. These efforts are aligned with the ...

ABU DHABI / WAM Adnoc Gas plc, a world-class integrated gas processing company, on Thursday announced a five-year liquefied natural gas (LNG) supply agreement with Japan Petroleum Exploration Co, Ltd (Japex), the Japan-based energy company. The agreement, valued between $450 million (AED1.65 billion) and $550 million (AED2 billion), builds on the long-standing bilateral relationship between the UAE and Japan and ...

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan received a written letter from the President of the People’s Democratic Republic of Algeria, Abdelmadjid Tebboune, regarding bilateral relations and ways to enhance them between the two nations. During a meeting held at Qasr Al Watan, His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Ali Bongo Ondimba of Gabon, on the occasion of his country’s Independence Day, observed on August 17. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and ...

SHARJAH / WAM In a drive to resonate with the youthful spirit of innovation and boundless potential, the Sharjah Entrepreneurship Centre (Sheraa) announces the launch of their ‘Sheraa Youth Ambassadors’ campaign, marking a transformative step towards amplifying the voices of UAE’s most outstanding young talents. Launching in conjunction with International and UAE Youth Day on August 12, the campaign, powered ...

ABU DHABI / WAM Emirates Development Bank (EDB) has inked a memorandum of understanding to create supply chain finance and working capital solutions for SMEs in collaboration with Trade Capital Partners (TCP). This partnership was facilitated by Hub71, Abu Dhabi’s global tech ecosystem, as part of its efforts to support startups with commercial opportunities through its network of leading corporate ...

ABU DHABI / WAM TRENDS Research and Advisory announced the launch of the TRENDS Hub Award for Scientific Research, which aims to encourage researchers, at the regional and global levels, to conduct creative and effective research on various issues of interest to TRENDS. The award includes four diverse research areas. The first research area includes “political issues, security and military ...

DUBAI / WAM DP World Limited has announced resilient financial results for the first six months to June 30. On a reported basis, revenue grew by 13.9% to $9,037 million and adjusted Ebitda grew by 7.0% to $2,611 million with adjusted Ebitda of 28.9%. DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, commented, “We are pleased to share ...