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BLOOMBERG  Sri Lanka’s foreign exchange reserves grew in March to the highest in over a year after the South Asian nation clinched a $3 billion International Monetary Fund (IMF) bailout. The stockpile increased to $2.69 billion from $2.22 billion in February, according to data released by the central bank on its website. The reserves include a swap facility from the People’s ...

ABU DHABI / WAM The 20th edition of the Abu Dhabi International Hunting and Equestrian Exhibition (Adihex) will be held from August 23-29, sponsored by the Environment Agency — Abu Dhabi, the International Fund for Houbara Conservation (IFHC), and the Abu Dhabi National Exhibition Centre (Adnec), which is also the venue of the event. Raising awareness about the value of ...

SHARJAH / WAM United Arab Bank PJSC (UAB) has announced the successful issuance of its $150 million Additional Tier 1 (AT1) capital instrument which recently concluded through a private placement as per the general assembly approval.  This landmark issuance will strengthen the bank’s capital adequacy and boost its Tier 1 Capital ratio. Commenting on the transaction, Shirish Bhide, Chief Executive ...

DUBAI / WAM The Most Noble Number charity auction, held this evening in Dubai, has raised AED97.920 million that will go in full towards supporting the “1 Billion Meals Endowment” campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to establish the largest Ramadan sustainable food ...

DUBAI / WAM The UAE Ministry of Climate Change and Environment, a leading force in global climate initiatives, hosted ministers and over 150 high-ranking officials from 50 government and private entities at the ‘Green Retreat’. This collaborative event showcased the UAE’s dedication to addressing climate change and served as a strategic precursor to the nation’s much-anticipated hosting of the Conference ...

BLOOMBERG Australia is confident its agreement with the US to purchase a fleet of nuclear submarines for delivery in the early 2030s will go ahead no matter who wins the 2024 election, Prime Minister Anthony Albanese said. In an interview broadcast on Sky News on Sunday, Albanese was asked about growing political division in the US following the indictment of ...

DUBAI / WAM Dubai Airports, the operator of Dubai International (DXB) and Dubai World Central (DWC), has been awarded two prestigious international safety awards. The operator was granted a “Silver” Royal Society for the Prevention of Accidents, UK (RoSPA) award, and the International Safety Award 2023 with “merit” status by the British Safety Council. The two honours were granted in ...

GENEVA / WAM Countries of the World Health Organisation (WHO) have mapped out how negotiations on a global accord on pandemic prevention, preparedness and response will move forward with a view to presenting a draft accord for approval by the World Health Assembly in May 2024. Discussions on the draft pandemic accord took place during the fifth meeting of the ...

AJMAN / WAM Abdullah Mohammed Al Muwaiji, Chairman of the Board of Directors of the Ajman Chamber for Commerce and Industry, and Ivan Jordanov, Ambassador of Bulgaria to the UAE, discussed opportunities for trade and investment cooperation between the two countries and ways of strengthening the partnership between Emirati and Bulgarian business owners. Al Muwaiji lauded Jordanov’s visit and stressed ...

ABU DHABI / WAM The benefits of AI’s (artificial intelligence) application to healthcare are often described using words such as speed, consistency, and cost, but there is another descriptor that is often overlooked: personalisation. While experts often use statistics to illustrate the enormity of disease burdens on populations, AI is poised to tackle complex healthcare challenges through disruptive technologies that ...