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Adihex unveils traditional handcrafts’ competition

ABU DHABI / WAM For the second consecutive year, Abu Dhabi International Hunting & Equestrian Exhibition (Adihex) announced the start of submissions for the competition of the best sculptures of traditional handcrafts. This comes as part of the exhibition’s efforts to contribute to the sustainability of heritage professions and traditional industries, in celebration of the Year of Sustainability, and to ...

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Al Sayegh meets Mexico’s Deputy Minister of Foreign Affairs

ABU DHABI / WAM Ahmed Ali Al Sayegh, Minister of State, met a delegation from the United Mexican States at the Ministry of Foreign Affairs, including Ambassador Carmen Moreno Toscano, Mexico’s Deputy Minister of Foreign Affairs, and Gabriel Yorio, Mexico’s Deputy Minister of Finance and Public Credit. During the meeting, the two sides discussed economic and trade relations and their ...

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Zayed bin Hamad receives Chinese Arabian Horse Association delegation

ABU DHABI / WAM Sheikh Zayed bin Hamad bin Hamdan Al Nahyan, Vice Chairman of the Emirates Arabian Horse Society (EAHS), and Mohammed Al Harbi, Director-General of the EAHS, received a delegation from the Chinese Arabian Horse Association. During the meeting, the delegation learnt about the UAE’s leading experience in caring for Arabian horses and offering high-quality services to owners, ...

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Ministry announces winners of ‘Make it in the Emirates’ start-up pitch competition

ABU DHABI / WAM The winners of the inaugural Make it in the Emirates Start-up Pitch Competition were announced at the Make it in the Emirates Forum that took place in Abu Dhabi. Three startups were revealed as winners of the first edition of the Make it in the Emirates Startup Competition. Twenty-four startups were shortlisted to participate in the ...

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Ministry partners with Mext to implement Emirates’ ITTI

ABU DHABI / WAM The Ministry of Industry and Advanced Technology (MoIAT) and Mext signed a memorandum of understanding (MoU) to implement the UAE’s Industrial Technology Transformation Index (ITTI) and deploy the index overseas for the first time. The move is part of the UAE’s efforts to accelerate decarbonisation and digitalisation within the global manufacturing sector. First implemented in the ...

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SCA, Kazakhstan’s AFSA sign agreement to exchange information

ABU DHABI / WAM The Securities and Commodities Authority (SCA) entered into a memorandum of understanding (MoU) with the Astana Financial Services Authority (AFSA) in Kazakhstan to establish a framework for mutual cooperation in supervision, surveillance, and information exchange, thereby enhancing market transparency and increasing the efficiency of the securities sector in both countries. The MoU was signed between Dr ...

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Wall Street bets on Fed interest-rate hike, but not in June

BLOOMBERG Wall Street’s reaction to the latest jobs report showed bets that another Federal Reserve interest-rate hike is likely in the bag — but that wouldn’t necessarily happen in June. As Treasury yields climbed, swap contracts projected officials will probably wait until next month to tighten again. The possibility of a Fed pause, more signals that the economy is still ...

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ESG fund manager beats 99% of peers with giant bet on Nvidia

BLOOMBERG The ESG fund with the biggest exposure to Nvidia Corp has just beaten 99% of its peers, as bets on artificial intelligence (AI) transform the fortunes of portfolios promoting environmental, social and governance principles. The $830 million Nvidia stake held by Swedbank Robur Technology C makes it the most exposed ESG-registered fund to the world’s most valuable chip company, ...

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