ABU DHABI / AD MEDIA OFFICE Under the patronage of His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in the Al Dhafra Region, the Al Dhafra Arabian Horse Championship 2024 will take place from January 18-21, 2024, on Al Mirfa Corniche, Al Dhafra Region. Organised by the Emirates Arabian Horse Society, the Al Dhafra Arabian Horse Championship 2024 ...

BLOOMBERG A rout in Chinese stocks deepened on Wednesday as a slew of disappointing economic data reinforced bearish sentiment towards the market. The Hang Seng China Enterprises Index fell 3.9%, recording its worst day since October 2022. The CSI 300 benchmark for mainland shares slid 2.2% as foreigners sold 13 billion yuan ($1.8 billion) worth of stocks on a net ...

BLOOMBERG Central bankers continued their forceful push-back against market bets for interest rate cuts, deepening a global selloff across stocks and bonds. European Central Bank (ECB) President Christine Lagarde and Governing Council member Klaas Knot warned on Wednesday that aggressive bets on interest-rate cuts aren’t helping policymakers in the battle to subdue inflation. That followed comments on Tuesday from Federal ...

DUBAI/ WAM Following directives by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI) announced it has contributed AED43 million (US $11.7 million) in direct food aid for Gaza, in collaboration with the United Nations World Food Programme (WFP), bringing ...

DUBAI / WAM The total number of $10 million plus home sales in Dubai grew by 92.4 %to 431 sales during 2023, according to analysis carried out by global property consultancy, Knight Frank. The total value of sales above this price point grew by 91 % last year to $7.6 billion, 28 % of which was achieved in Q4 alone. ...

ABU DHABI / WAM The Central Bank announced that the Money supply aggregate M1 decreased by 0.2%, from AED799.3 billion at the end of October 2023 to AED797.4 billion at the end of November 2023. This was due to AED4.9 billion fall in Monetary Deposits. Currency in Circulation Outside Banks increased by AED3.0 billion during November 2023. The Money Supply ...

DAVOS/ WAM Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, emphasised that the rapid growth observed in the global generative artificial intelligence market reflects that AI is the driving force and the engine for the future. He pointed out that the leadership of the UAE has recognised for more than two ...

DUBAI / WAM The Dubai Electricity and Water Authority (Dewa) extended over 364 kilometres of fibre optic (FO) ducts across different areas in Dubai in 2023. This expansion has increased the total length of these cable ducts to 3,998 kilometres, a 10% increase compared to 2022. This initiative aligns with Dewa’s commitment to developing a world-class digital infrastructure that leverages ...

ABU DHABI/ WAM The UAE capital, Abu Dhabi, hosted the 52nd session of the Arab ICT Permanent Committee on 15th January 2024, for two days. The meeting was led by the UAE, represented by Mohammed Al Ramsi, TDRA Deputy Director General for the Telecommunications Sector. Delegations from various Arab countries, Technical Secretariat of the Arab Telecommunications and Information Council of ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued a Federal Decree to appoint Sheikh Abdulla bin Mohammed Al Hamed as Chairman of the National Media Office with the rank of minister. The Decree shall be published in the official gazette and shall be effective from the date of issuance.