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Minister of Human Resources and Emiratisation meets Iranian ambassador to UAE

DUBAI / WAM Dr Abdulrahman Al Awar, Minister of Human Resources and Emiratisation, has met with Reza Ameri, Iranian ambassador to the UAE, on the occasion of assuming his assignment. Al Awar welcomed the Iranian diplomat and wished him good luck and success in his mission.During the meeting, which was held at the ministry’s headquarters in Dubai, the two sides ...

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Rakez, India’s IETO to boost int’l business collaboration

RAS AL KHAIMAH / WAM Ras Al Khaimah Economic Zone (Rakez) and Indian Economic Trade Organisation (IETO) have signed a memorandum of understanding (MoU) to strengthen international trade and investment ties between the UAE and India, underlining their mutual commitment to business excellence. The MoU was signed by Rakez Chief Commercial Officer Anas Hijjawi and IETO President Dr Asif Iqbal. ...

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COP28 Higher Committee discusses implementation

ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and Chairman of the Higher Committee responsible for preparations of the 28th session of the Conference of the Parties to the UNFCCC (COP28 UAE), convened members to discuss progress for COP28, including upcoming milestones and action against key deliverables. In the meeting, HH Sheikh Abdullah ...

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UAE leaders wish President of North Macedonia on Independence Day

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Stevo Pendarovski of the Republic of North Macedonia, on the occasion of his country’s Independence Day, which is observed on September 8. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler ...

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Yuan drops to record low as China budges in fight with bears

BLOOMBERG The offshore yuan weakened toward its lowest on record against the dollar, as a cut to the daily reference rate for the managed currency stoked bets China is comfortable with a gradual depreciation. China’s currency declined as low as 7.3623 per dollar in overseas trading, beyond the psychologically important level of 7.35 and close to the weakest since the ...

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Dollar slips from 6-month high as Fed comments revive speculation

BLOOMBERG The dollar pulled back from a six-month high as dovish comments from Federal Reserve officials revived speculation that the central bank may keep interest rates at current levels. The Bloomberg Dollar Spot Index retreated 0.1%. The moves came after Fed Bank of New York President John Williams said in a discussion on Thursday that US monetary policy is “in ...

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Tabreed signs pact to revolutionise cooling in India

ABU DHABI / WAM Tabreed has signed a memorandum of understanding (MoU) with the regional Indian Government of Telangana to explore developing and investing in district cooling infrastructure in Hyderabad, India. The MoU was signed during a ceremony in Dubai in the presence of Khalid Al Marzooqi, CEO of Tabreed; KT Rama Rao, Telangana Minister for Information Technology and Industries; ...

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COP28 Presidency team attends inaugural ACS

NAIROBI / ABU DHABI The COP28 UAE Presidency team attended the inaugural Africa Climate Summit (ACS), taking part in speaking engagements, meetings with African national leaders and leaders from business, policy and civil society and community visits, in a show of support and commitment to the continent as a major player in a better climate future. Activity conducted by the ...

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China seeks to broaden iPhone ban to state firms, agencies

BLOOMBERG China plans to expand a ban on the use of iPhones in sensitive departments to government-backed agencies and state companies, a sign of growing challenges for Apple Inc in its biggest foreign market and global production base. Several agencies have begun instructing staff not to bring their iPhones to work, people familiar with the matter said, affirming a previous ...

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