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Year of Sustainability urges all to embrace sustainable behavior

DUBAI / WAM The Year of Sustainability team, in its latest video release, the “Year of Sustainability: Today For Tomorrow” has called upon all those who call the UAE home to step-up efforts towards climate action. UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan announced 2023 as the Year of Sustainability, and throughout the year, the nationwide initiative ...

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UAE leaders wish President of Turkmenistan on Independence Day

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Serdar Berdymukhamedov of Turkmenistan, on the occasion of his country’s Independence Day, which is celebrated annually on September 27. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of ...

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Added, MT partner to build  region’s largest valve facility

ABU DHABI / WAM Abu Dhabi Department of Economic Development (Added) and MT Group, a Shanghai-based valve manufacturer, have signed an agreement to strengthen value chain for high-precision equipment in Abu Dhabi, attract more Chinese industrial investments to the emirate and promote sustainable development. MT Group, the leading high precisions equipment manufacturer with facilities in industrial hubs around the globe, ...

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GPSSA reviews investment performance reports until 2023

ABU DHABI / WAM The General Pension and Social Security Authority (GPSSA) held its sixth Board of Directors meeting chaired by Mubarak Rashed Al Mansoori, Chairman of the Authority’s Board of Directors. During the meeting, the council members proceeded to discuss the agenda, approving the minutes of the previous meeting and the management follow-up agenda regarding suggestions and recommendations. The ...

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DOJ steps up probe of Credit Suisse, UBS over sanctions breaches

BLOOMBERG The US Department of Justice  (DOJ) has stepped up its probe into Credit Suisse Group and UBS Group AG over suspected compliance failures that allowed Russian clients to evade sanctions, according to people familiar with the situation. What began as a series of subpoenas sent to a range of banks early this year has developed into a full-scale investigation ...

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Stocks advance after yields fall back from decade highs

BLOOMBERG European shares rose for the first day in five as bonds recovered and a selloff sparked by rate fears abated. The Stoxx 600 ticked higher, led by technology and energy companies. US equity futures added about 0.5% and a measure of global equities fell below its 200-day moving average, suggesting stocks may be entering oversold territory after teetering on ...

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Philippine peso nears key 57 level, raising risk of FX defense

BLOOMBERG An under-pressure Philippine peso is making its third attempt since August to breach a key trigger point for central bank intervention, as broad gains in the dollar reduced the appeal of Asian assets. The currency slid to as weak as 56.98 per dollar on Wednesday, within a whisker of the closely-watched 57 level. Earlier this week, Philippine central bank ...

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A Remarkable Triumph: Muhammad Yousuf Wins AED 500,000 in O! Millionaire Draw

DUBAI/ GULF TIME In a moment that defies imagination, O! Millionaire, the foremost provider of an environmentally conscious draw, has announced its latest victor – Muhammad Yousuf. Based in Saudi Arabia and hailing originally from Pakistan, Yousuf was in the UAE for a live press conference and live show where he was introduced to the audiences as the lucky winner ...

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