DUBAI / WAM The Public Debt Management Office (PDMO) of the Government of Dubai’s Department of Finance announced a reduction of approximately AED29 billion in Dubai’s public debt by the end of this year. The achievement has been realised within a year and a half since the establishment of the office in 2022, marking a milestone in implementing its Public ...

DUBAI / WAM Dr Abdulrahman Al Awar, Minister of Human Resources and Emiratisation, welcomed Li Zhong, Vice Minister of Human Resources and Social Security of the People’s Republic of China, and his accompanying delegation at the ministry’s headquarters in Dubai. The meeting explored opportunities for the two countries to cooperate and exchange experiences in areas related to labour, human resources ...

BLOOMBERG Hong Kong’s exports in August posted their longest streak of monthly declines on record, as weak demand and China’s slow recovery continue to pose challenges for the financial hub’s economic growth.  Overseas shipments fell 3.7% from a year earlier to HK$358.3 billion ($45.8 billion), the Census and Statistics Department said. That was better than the median estimate of a ...

NEW DELHI / WAM India’s first green hydrogen fuel cell bus was put on the national capital’s roads and flagged off by the Minister of Petroleum and Natural Gas, Hardeep Singh Puri. Fifteen more such buses will be deployed in Delhi, Haryana and Uttar Pradesh states after operational trials of those vehicles are completed, the Ministry of Petroleum and Natural ...

BLOOMBERG A selloff in bonds paused and the dollar steadied, while shares in Europe retreated for a fourth day. The Stoxx 600 benchmark slipped 0.3% on Tuesday and US equity futures declined, putting the MSCI All Country World Index, one of the broadest measures of global equities, on track to match its longest losing streak in the past decade. Yields ...

BLOOMBERG Emerging-market stocks fell to the lowest level since March as a strengthening dollar and elevated US yields damped investor appetite for riskier assets. Traders are wary of taking on riskier bets in emerging markets amid rising expectations rates will stay higher for longer in the US, or even increase. The flight to safety sent MSCI Inc’s gauge of developing-nation ...

VIENNA/ WAM The United Arab Emirates is participating in the 67th General Conference of the International Atomic Energy Agency (IAEA) in Vienna, Austria, from 25th to 29th September. The week-long conference is being held under the theme “Global Cooperation in the Nuclear Field”. The UAE delegation, led by Ambassador Hamad Al Kaabi, UAE Permanent Representative to the IAEA, includes various ...

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan issued Federal Decree-Law No.26 of 2023, amending some provisions of Federal Decree-Law No.4 of 2004 regarding the establishment and organisation of the Presidential Court. The Decree-Law stipulates that the term ‘Chairman of the Court’ shall be replaced with the word ‘Minister’ and the term ‘Chairman of the Presidential Court’ ...

ABU DHABI/ WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court, attended today a mass wedding reception at Erth Hotel. Sheikh Mansour congratulated the newly-weds, wishing them a lifetime of happiness. The reception featured traditional Emirati performances.

ABU DHABI/ WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan today received a phone call from Santiago Peña, President of the Republic of Paraguay. During the call, the two leaders discussed relations between the two countries and opportunities for further cooperation, especially in the fields of investment, renewable energy, food security, technology, climate action and the economy. The two ...