BEIJING / WAM The central parity rate of the Chinese currency renminbi, or the yuan, weakened 97 pips to 7.1212 against the US dollar on Monday, state media Xinhua quoted the China Foreign Exchange Trade System as saying. In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate ...

BLOOMBERG The rally in Japanese stocks that pushed the nation’s blue-chip gauge ahead of the world’s other major benchmarks this year could slow down. The Nikkei 225 Stock Average will rise about 1% from current levels to 32,750 by year-end, according to the median estimate of six responses in a Bloomberg News survey. While that would lift the Nikkei to ...

BLOOMBERG Stocks inched higher as traders prepared for a week packed with interest-rate decisions from major central banks. Tesla Inc. was poised to set a record winning streak. Modest gains in US futures signaled a further advance into bull-market territory for the S&P 500 as bets on a Federal Reserve pause after 10 straight rate hikes buoyed contracts for the ...

ABU DHABI / WAM The Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the emirate, signed a new memorandum of understanding (MoU) with leading global biopharmaceutical company MSD GCC to advance research into breast and lung cancer. In the presence of Mansoor Al Mansoori, Chairman of the Department of Health – Abu Dhabi; and ...

DUBAI / WAM Dubai has achieved top global ranking in attracting Foreign Direct Investment (FDI) projects in the cultural and creative industries in 2022, further reinforcing the emirate’s leadership and growing competitiveness as the global capital of the creative economy, revealed HH Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority and Member of ...

ABU DHABI / WAM The Turkish media, on Sunday, highlighted the working visit of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan to the Republic of Türkiye, reflecting the depth of bilateral ties between the two countries. The daily Türkiye newspaper splashed the tweets of the President His Highness Sheikh Mohamed, after meeting Turkish President Recep Tayyip Erdogan ...

TOKYO / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, has met with UAE students studying in Japan, as part of his working visit to Tokyo. During the meeting, Sheikh Abdullah was briefed about students’ academic paths and majors, as well as the job and labour market requirements in the country. The UAE Minister of Foreign ...

DUBAI / WAM Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to adopt generative artificial intelligence technologies and conduct studies to explore this promising field, the Artificial Intelligence, Digital Economy and Remote Work Applications Office, in collaboration with Nvidia, organised the “AI-Enabled Entrepreneurs” conference. ...

NEW DELHI / WAM The G20 Development Ministerial Meeting will be an opportunity to collectively agree on actions for accelerating achievement of the SDGs and foster synergies between the development, environment and climate agendas while avoiding costly trade-offs that hold back progress for the developing countries, according to a statement by G20 Indian Presidency. The Varanasi Development Ministers’ Meeting takes ...

ABU DHABI / WAM The memorable 2008 message from His Highness Sheikh Mansour bin Zayed Al Nahyan, owner of Manchester City FC, to the club’s fans — “we are building a structure for the future, not just a team of all-stars” — continues to be the guiding principle that drives the team’s unprecedented success. Being crowned this season’s champions of ...