ABU DHABI / WAM The COP28 UAE Presidency has announced an ambitious and inclusive two-week thematic programme for the conference to deliver on four key goals alongside the negotiations process and as part of the critical Global Stocktake response. Taking place at Expo City Dubai from November 30 December 12, COP28 UAE will focus on fast-tracking a just, orderly and ...

RAS AL KHAIMAH / WAM HH Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, has received at his palace at the Saqr bin Mohammed City, Ibrahim Said Al Busaidi, Governer of the Musandam Governate in Oman, and his accompanying delegation. During the meeting, Sheikh Saud and Al Busaidi discussed the deep-rooted ties between ...

BLOOMBERG A top-performing Chinese macro hedge fund blamed global capital for sinking the country’s stocks to the lowest levels since November. Foreign funds are primary drivers of Chinese stocks’ recent selloff, said Li Bei, founder of Shanghai Banxia Investment Management Center. Overseas investors stirred up market volatility and, “taken together, they are a bunch of aimless flies,” she said in ...

BLOOMBERG Nasdaq futures signalled further gains in US tech shares after August 21’s rally, while the sector also outperformed in Europe and Asia. Contracts on US stock gauges climbed, with those on the Nasdaq 100 Index rising 0.4%. Nvidia Corp gained 1.4% in premarket trading, after an 8% jump onAugust 21 that buoyed tech stocks amid optimism about its earnings ...

ABU DHABI / WAM The Central Bank of the UAE’s  (CBUAE) public budget reached an all-time high of AED650 billion by the end of June 2023, as revealed by its latest fiscal report. The report for June 2023 showed that a monthly increment of 0.2 percent led the public budget to rise to AED649.42 billion at the end of June, ...

ABU DHABI / WAM The Federal Tax Authority (FTA) confirmed that its flagship “Muwafaq Package” and “Specialised Tax Agent” transformational projects, which were both launched this year, have achieved remarkable results, effectively facilitating compliance procedures for taxpayers. Launching these projects forms part of the authority’s strategy to contribute to the government’s efforts to design major and rapid transformational projects that ...

ABU DHABI / WAM The Ministry of Economy has announced that Holiday Swap, a vacation exchange and booking platform with more than one million monthly users worldwide, is the latest company to join its NextGenFDI programme, the multistakeholder initiative that provides pioneering businesses from around the world with the market-entry fundamentals required to establish and scale their operations in the ...

SHARJAH / WAM The emirate of Sharjah has accelerated efforts to complete its developmental and environmental projects and find solutions to build sustainable cities that help achieve sustainable economic development, support green investments, and create a pure and healthy environment in accordance with the principles of sustainable development. The “Sharjah Sustainable City” project translates the UAE’s vision to achieve climate ...

DUBAI / WAM Dubai’s rise as one of the world’s best cities to live and work has been underpinned by a sustainability strategy prioritising harmony with nature. At the core of this strategy is a commitment to optimising the use of the emirate’s natural resources. An ambitious water reclamation programme, spearheaded by Dubai Municipality for over five decades, has been ...

LA DIGUE / WAM Peggy Vidot, Health Minister and Principal Secretary of Seychelles, thanked President His Highness Sheikh Mohamed bin Zayed Al Nahyan for providing humanitarian aid to her country. She also praised HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood, Supreme Chairwoman of the Family Development ...