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Japanese stocks fall, Nikkei 225 declines 1.5% in Tokyo

BLOOMBERG Japanese stocks fell as some of the best-performing shares this year led losses amid expectations domestic pension funds will pare positions to rebalance their portfolios before the quarter ends. The Nikkei 225 Stock Average declined 1.5% to 32,781.54 as of market close in Tokyo, ending a string of weekly gains that began in early April. The Topix fell 1.4% ...

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Bonds surge as Euro-area data raise recession fear

BLOOMBERG Investors fled into the safety of bonds and stocks fell, as a lurch towards higher interest rates together with weak euro-area activity data heightened anxiety that aggressive central bank policy will tip economies into recession. Global stocks headed for their biggest weekly decline in more than three months. European shares slipped, with a record 36% drop in Siemens Energy ...

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UAE President sends written letter to President of Georgia with invitation to COP28

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan sent a written letter to Salome Zourabichvili, President of Georgia, which included an official invitation to the 28th Conference of the Parties (COP28) to the UN Framework Convention on Climate Change (UNFCCC), which will be held in Expo City Dubai this November. The letter was delivered by Ahmad ...

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Abu Dhabi explores ways to boost statistical ecosystem

ABU DHABI / WAM The Statistics Centre — Abu Dhabi (SCAD) organised the Abu Dhabi Statistics Stakeholders Forum 2023, bringing together government and private sector officials and representatives to discuss data collaboration and strategic programmes aimed at enhancing the statistical ecosystem in the emirate of Abu Dhabi. Representatives from federal and local government entities, as well as private sector companies, ...

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Malaysian delegation visits Sharjah academy for astronomy

SHARJAH / WAM The Sharjah Academy for Astronomy, Space Sciences, and Technology (SAASST) at the University of Sharjah (UoS) has received a delegation from the Sarawak State Government authorities in Malaysia, headed by the Datu Haji Kipli bin Haji Yassin. The visit aimed to explore SAASST’s space exhibitions, research labs, observatories and the newly developed Sharjah Planetarium. During the visit, ...

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Dubai’s DET signs pact with Mastercard to launch Digital City Partnership

DUBAI / WAM Dubai’s Department of Economy and Tourism (DET) signed a memorandum of understanding (MoU) with Mastercard, a global leader in payment innovation and technology, to form a Digital City Partnership to further accelerate the emirate’s economic growth in line with the goals of the Dubai Economic Agenda, D33. A global first at a city level, the strategic alliance ...

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