DUBAI / WAM In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has approved the Government of Dubai’s general budget for the fiscal cycle of 2024-2026, with total expenditures of AED246.6 billion. His Highness the Ruler of Dubai also approved Law No (20) of 2023 regarding ...

ABU DHABI/ WAM Saqr Ghabash was re-elected as the Speaker of the Federal National Council (FNC) by a unanimous vote during the first procedural session of the new legislative term, which took place at the FNC’s headquarters in Abu Dhabi on Monday. In his speech, Ghobash said, “My dear brothers and sisters, I am deeply grateful for the honour you ...

ABU DHABI / WAM HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, has toured the Etihad Rail Depot in Al Mirfa City, to inspect the progress of the railway network operations in Al Dhafra Region. Upon arriving at the station, HH Sheikh Hamdan was welcomed by Shadi Malak, CEO of Etihad Rail, along with other ...

ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs,  received Catherine Colonna, Minister for Europe and Foreign Affairs of the French Republic. During a working dinner in Abu Dhabi, the two sides discussed the latest developments in the Middle East region and ways to address the urgent humanitarian and relief response to civilians. The ...

RAS AL KHAIMAH / WAM Ras Al Khaimah Government Media Office (RAKGMO) will highlight the sustainable development achievements of the emirate of Ras Al Khaimah during its participation at the Global Media Congress (GMC) in Abu Dhabi. RAKGMO will be showcasing its successful media campaigns and representing Ras Al Khaimah at the three-day event, which is being held at the ...

ABU DHABI / WAM The General Pension and Social Security Authority (GPSSA) is participating on Monday in the 22nd annual meeting of heads of civil retirement and social security authorities. The delegation, led by Faras Al Ramahi, GPSSA’s Director-General, is accompanied by several high-ranking officials. The two-day meeting in Muscat, Oman, will focus on a comprehensive review of the technical ...

DUBAI / WAM Mohammed Ahmed Al Murr, Chairman of the Mohammed bin Rashid Al Maktoum Library Foundation, and Dr Mohammed Salem AlMazrooei, Board Member of the Foundation, welcomed Dr Ali bin Tamim, Chairman of the Abu Dhabi Arabic Language Centre (ALC), at the Mohammed Bin Rashid Library (MBRL). During their meeting, the two parties discussed ways to enhance cooperation in ...

BLOOMBERG Zambia’s central bank raised the ratio of deposits that commercial lenders must hold in a bid to reverse a slide in the world’s worst-performing currency after Argentina’s peso.The Bank of Zambia will increase the statutory reserve ratio requirement for local- and foreign-currency deposits by 3 percentage points to 14.5% with effect from November 13, it said in a circular ...

BLOOMBERG South Korea will prohibit stock short-selling until June 2024 to allow regulators to “actively” improve rules and systems, the Financial Services Commission said. Trading with borrowed shares, an essential component of short selling, will be banned for companies in the Kospi 200 Index and Kosdaq 150 Index from Monday until the end of June, the commission said. “Amidst market ...

BLOOMBERG Stock and bond markets steadied after last week’s blockbuster rally, with traders still optimistic that US and European central banks may start cutting interest rates as soon as next year. Europe’s Stoxx 600 index held to recent gains and US futures added about 0.2%. Asian markets jumped, with South Korea’s Kospi finishing more than 5% higher after regulators banned ...