BRASÍLIA/WAM Brazil’s central bank held its interest rate steady for the second consecutive meeting. Policymakers voted unanimously to keep the benchmark rate, known as the Selic, unchanged at 10.5% on Wednesday, Bloomberg reported. In June, Brazil’s central bank halted the interest rate cuts that had been in place for nearly a year. Recently, the government has called for a reduction …
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ABU DHABI/WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, during a phone conversation with Antony Blinken, Secretary of State of the United States of America, discussed serious developments in the Middle East region. They discussed efforts to end escalation in all its forms and reach a comprehensive and lasting ceasefire in the …
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ABU DHABI/WAM Following the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and as part of the UAE’s continuous humanitarian efforts to support all countries during times of need, the UAE has dispatched a plane carrying relief aid to the Philippines in response to landslides and floods caused by Typhoon Carina, which resulted in loss of life …
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FUJAIRAH/WAM H.H. Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah, held a meeting in his office at the Emiri Diwan with Amr Zain Al-Deen, Director of the Fujairah Adventures. During the meeting, H.H. Sheikh Mohammed bin Hamad was briefed on the centre’s preparations to present Fujairah’s bid to host the United Nations Adventure Tourism Conference in …
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DUBAI/WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, met with a group of national ambulance professionals of the Dubai Corporation for Ambulance Services (DCAS). Attended by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of Dubai Executive Council, …
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ABU DHABI/WAM Borouge Plc has reported a 33% year-on-year (YoY) increase in second-quarter net profit to $308 million, powered by higher sales and cost efficiencies as the company recorded its highest ever production volumes. Adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) surged 18% YoY to $613 million in the second quarter (Q2), underpinned by a 6% increase in …
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DUBAI/WAM MultiBank Group, a leading online financial derivatives provider, has partnered with Mashreq, one of the leading financial institutions in the MENA region, to introduce an API-enabled Instant Payment solution for corporate clients. This innovative collaboration fully integrates with the Central Bank of UAE’s Aani (Instant Payment Platform), offering significant advantages to both MultiBank Group and Mashreq. Mashreq is at …
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TEHRAN/WAM Dr. Masoud Pezeshkian, President of the Islamic Republic of Iran, received H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, on the sidelines of His Highness’ participation in the presidential inauguration ceremony, held on Tuesday at the Iranian Parliament. H.H. Sheikh Abdullah conveyed the congratulations of President His Highness Sheikh Mohamed bin Zayed …
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ABU DHABI/WAM PureHealth Holding today announced its financial results for the period ending 30th June 2024. It recorded a strong revenue increase of 53% y-o-y to AED12.5 billion in H1 2024 on the back of solid growth booked across the majority of its verticals, primarily from the Hospitals, Insurance and Procurement segments. In a press release on Wednesday, the company …
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DUBAI/WAM The taxi sector in Dubai increased by 500 thousand trips in the first half of 2024 compared to the same period of last year. In the first half of this year, there were 55.7 million journeys, an increase from the 55.3 million journeys in the same period last year. Additionally, passenger numbers increased from 96.2 million to 96.9 million. Furthermore, …
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