ABU DHABI / WAM HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, has approved the race programme for the 2023-2024 season of the Emirates International Endurance Village, which includes various competitions. The President of UAE Endurance Cup will take place on February 11 at the village, located in Al Wathba. The first ...

ABU DHABI/GULFTIME Always committed to delivering an exceptional experience for all members of the family, Bawabat Al Sharq Mall is getting ready to welcome Back-to-School season with fun scientific experiments that enable kids to learn through discovery and play. From August 18 to 25, young visitors will have the chance to attend Science Stage shows stretched over eight days, with ...

  BLOOMBERG China raised its gold reserves for a ninth straight month in July as central bank purchases continue to underpin prices of the precious metal. Bullion held by the People’s Bank of China (PBOC) rose by 740,000 troy ounces, the central bank said. That’s equivalent to about 23 tons. Total stockpiles now sit at 2,137 tons, with around 188 ...

BLOOMBERG Chalk it up to the heat, to late-summer doldrums, or to the phases of the moon, but the usually volatile Bitcoin hasn’t been acting in its typical sporadic ways of late. The largest digital currency has gone eight trading sessions without a 1% move, the longest such stretch since the start of January, according to data compiled by Bloomberg. ...

BLOOMBERG Thailand’s domestic investors are snapping up the nation’s beaten down equities, betting that the months long political standoff will be resolved soon. The benchmark stock index has rallied more than 4% from a June 28 trough, and may extend if a government takes office soon, according to analysts. While the SET gauge is still Asia’s worst-performing equity market this ...

BLOOMBERG A selloff in government bonds accelerated Monday as the threat of further rate hikes unsettled traders. The yield on 30-year German bonds rose nine basis points to 2.72%, the highest since early 2014. Similar-maturity Treasury yields jumped seven basis points. US equity futures rose modestly, signalling a rebound from Friday’s retreat. Federal Reserve Governor Michelle Bowman said over the ...

DUBAI / WAM Dubai’s resurgent tourism industry is celebrating a successful first half of 2023 (H1 2023), after welcoming a record 8.55 million international overnight visitors, compared to 8.36 million tourists in H1 2019. Surpassing pre-pandemic visitation levels and further bolstering the city’s bid to become the world’s most visited destination, the latest data published by Dubai’s Department of Economy ...

DUBAI / WAM Due to the emirate’s inclement weather, Dubai Municipality received up to 100 emergency reports. Rainwater pools in a few Dubai neighbourhoods to fallen trees on several main and internal roadways were among the emergencies. Since the weather situation, the municipality has taken preventive precautions and has put its emergency response teams on standby. As the rain stopped, ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) has revealed that the number of electricity accounts reached 1,144,741 accounts by the end of the first half of 2023, compared to 1,084,596 accounts by the end of the first half of 2022, an increase of around 5.5 percent. This is part of Dewa’s efforts to keep pace with the rise ...

ABU DHABI / WAM The UAE has sent a shipment of military vehicles and security equipment to the Republic of Chad, to support its capabilities in combatting terrorism and enhancing border protection. This initiative falls within the framework of the strong ties between the UAE and Chad at various levels, which have resulted in the signing of several bilateral agreements, ...