BLOOMBERG Stocks and bonds declined as concern grew that China’s faltering recovery and debt problems will spread to the global economy. Instead of reassuring investors, China’s surprise rate cut only deepened anxiety about policy steps to revive growth, driving Europe’s Stoxx 600 index down as much as 1.2% to the lowest in a month. US equity futures pointed to a ...
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ABU DHABI / WAM Before President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Sheikh Zayed bin Khalifa bin Sultan bin Shakhboot Al Nahyan, the UAE’s ambassador-designate to Qatar, and Salem Ibrahim bin Ahmed Mohamed Al-Naqbi, the UAE’s ambassador-designate to Kenya, took their oaths on Monday. During the oath-taking ceremony at Qasr Al-Shati, His Highness the President wished the two ...
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ABU DHABI / WAM Adnoc and the National Central Cooling Company (Tabreed), today announced a breakthrough in the first project in the gulf region to harness geothermal energy following the conclusion of testing on two geothermal wells at Masdar City in Abu Dhabi. The landmark project is set to decarbonise the cooling of buildings in Masdar City, further diversify the ...
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ABU DHABI / WAM The COP28 Presidency has announced that it will convene the Independent High-Level Expert Group (IHLEG) on Climate Finance in the UAE this week to drive progress on steps to reform international finance ahead of COP28. The two-day meeting — taking place on August 15 at the Abu Dhabi Global Markets (ADGM) — will bring together world-leading ...
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ABU DHABI / WAM According to the latest statistics from the Central Bank of the UAE, the country’s national banks increased their credit facilities for the business and industrial sectors by around AED28.4 billion in the first five months of this year. The statistics also showed that the two sectors witnessed a 4 percent rise in credit balance from national ...
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DUBAI / WAM The World Economic Forum announced the selection of Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, Director-General of the Prime Minister’s Office, for the steering committee in the AI Governance Alliance which includes 10 of the world’s leaders in the digital and technological fields globally. The AI Governance ...
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ABU DHABI / WAM Abu Dhabi National Energy Company (Taqa) reported its first half earnings for the period ending on June 30, announcing a group revenues of AED26.8 billion, 5% higher than the prior-year period, primarily due to higher pass-through bulk supply tariffs and transmission use of system within the Transmission and Distribution segment. Taqa also announced that the net ...
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ABU DHABI / WAM The UAE, represented by the Supreme Audit Institution (SAI), has participated in the 3rd Anti-Corruption Working Group (ACWG) Meeting and the Anti-Corruption Ministers Meeting of G20 that were held in Kolkata, India from August 9-12. The UAE’s participation aims to enhance the strategic role of the country in anti-corruption while taking part in the discussions for developing ...
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ABU DHABI / WAM HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Red Crescent (ERC), congratulated some leading Grade 12 students who are orphans for their academic excellence by sending them to Saudi Arabia to perform Umrah. The ERC followed up on the implementation of Sheikh Hamdan’s directives and made ...
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SHARJAH / WAM Beeah Tandeef, the waste collection and city cleaning vertical of Beeah Group, announced a monumental step towards cleaner urban environments with AI City Vision. This groundbreaking AI 360 Camera system for waste collection vehicles, the first of its kind in the region, is set to revolutionise how cities are maintained and waste is managed. A standout innovation, ...
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