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Khaled bin Mohamed, Hamdan bin Mohammed receive delegations attending Dubai Airshow 2023

DUBAI/ WAM H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, and H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, received delegations attending the 18th edition of Dubai Airshow, the world’s premier event for the aerospace, ...

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Mohammed bin Rashid tours Dubai Airshow 2023

DUBAI /WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, toured the 18th Dubai Airshow, the world’s premier event for the aerospace, space and defence industries, which commenced today at the Dubai World Central (DWC). Bringing together over 1,400 exhibitors from 148 countries, the largest ever edition of the event is being ...

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Sharjah’s real estate deals hit AED3.6b during October 2023

SHARJAH / WAM The real estate landscape in Sharjah witnessed significant growth in October 2023, as reported by the Sharjah Real Estate Registration Department. A total of 3,798 transactions were conducted across various regions of the emirate, amounting to AED3.6 billion in trade value and involving 8.2 million square feet. This surge reflects a substantial increase compared to September’s real ...

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Rise in trade, tourist traffic shows  booming Indonesia-UAE ties

ABU DHABI / WAM A rapid increase in Indonesia-UAE bilateral trade since the enforcement of Comprehensive Economic Partnership Agreement (Cepa) on  September 1, and a surge in tourist traffic reflect comprehensive growth in bilateral relations, Husin Bagis, the Indonesian Ambassador to the UAE, told the Emirates News Agency (WAM). “The first UAE-Indonesia Joint Committee Meeting (JMC) held in Abu Dhabi ...

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Nasdaq Dubai celebrates listing of $1.5 billion Green Sukuk by DP World

DUBAI / WAM Nasdaq Dubai has welcomed the listing of a $1.5 billion Green Sukuk by DP World, a leading provider of global end-to-end supply chain solutions. The dually listed Sukuk issuance proceeds will be earmarked for eligible green projects in line with the company’s published Sustainable Finance Framework which cut across electrification, renewable energy, clean transportation and energy efficiency. ...

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Held under the patronage of Sheikh Mansour, GMC second edition begins in Abu Dhabi

ABU DHABI / WAM The eagerly-awaited second edition of the Global Media Congress will begin tomorrow in Abu Dhabi at the Abu Dhabi National Exhibition Centre (Adnec). Held under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, the Congress is already renowned as one of the ...

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Europe stocks gain, focus turns to inflation data

BLOOMBERG European stocks rose on Monday ahead of inflation figures in the US and UK that could confirm interest rates have topped out. The Stoxx 600 index climbed 0.7%, buoyed also by Friday’s gains on Wall Street. Health firms were among the strongest performers, with Novo Nordisk A/S rallying almost 4% after a study backed the use of Wegovy, its ...

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Korea’s Kosdaq index erases all gains from short-selling ban

BLOOMBERG The boost to South Korean stocks from the ban on short-selling has quickly faded, with an index of small-cap stocks erasing all the gains seen following the regulator’s surprise decision. The Kosdaq Index slid 1.9% on Monday. It has fallen in every single session since the ban sparked a 7.3% jump on November 6. Electric vehicle battery names including ...

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