ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) announced on Wednesday that it has signed an agreement with Astana International Exchange (AIX) for the inclusion of AIX as the fourth member of the Tabadul Digital Exchange Hub. Other members of Tabadul include Bahrain Bourse (BHB) and Muscat Securities Market (MSX). ADX launched Tabadul Hub in July 2022 as the ...

BRUSSELS / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President Designate, met with Ursula von der Leyen, President of the European Commission, to discuss preparations for COP28, the 2023 UNFCCC climate conference, which will take place in Dubai from November 30 to December 12. Dr Sultan was joined by ambassador Lana Zaki ...

ABU DHABI / WAM Mohamed bin Zayed University for Humanities (MBZUH) has launched three new academic journals that will focus on research studies and developments in Philosophy, Islamic Studies and Applied Linguistics. The publications, which will be peer-reviewed, are part of the university’s efforts to enhance the position of the Arabic language in research and knowledge production and strengthen its ...

BLOOMBERG US futures and European shares drifted lower, as a bigger-than-expected drop in Chinese exports stoked further concerns about the strength of global demand.  Signs of fading momentum in the world’s second-largest economy are weighing on sentiment globally, damping the optimism earlier this year surrounding China’s reopening from pandemic restrictions. The nation’s exports to most destinations contracted in May. Despite ...

BLOOMBERG Zimbabweans frantically trying to protect their savings from a collapsing currency have driven the country’s main stock index up by 600% this year. Local traders see more gains in store because there are few alternative assets to buy. Zimbabweans often turn to equities as a haven from currency meltdowns and episodes of hyperinflation, as happened in June 2020 when ...

DUBAI / WAM Emirates Islamic has announced its partnership with the Arab payment system Buna, to enhance and facilitate cross-border transactions in the Arab region. Buna is operated by the Arab Regional Payments Clearing and Settlement Organisation “ARPCSO,” a subsidiary of the Arab Monetary Fund (AMF). In line with the bank’s commitment to drive innovation in the Islamic banking sector, ...

AJMAN / WAM The Ajman Department of Tourism Development (ADTD) has announced that it has successfully obtained the ISO 30405:2016 certification in Recruitment Management and Talent Attraction from the esteemed International Organisation for Standardisation (ISO). The certification is a testament to the department’s commitment to comprehensive administrative practices and its expertise in talent attraction and evaluation. ADTD has established a ...

HELSINKI / WAM The UAE’s circular economy infrastructure is the most developed in the Gulf region, which opens many interesting opportunities for bilateral cooperation with Finland, a senior Finnish diplomat told the Emirates News Agency (WAM). “Both Finland and the UAE have a shared vision in developing a more sustainable future. We see great potential to increase our collaboration in ...

DUBAI / WAM Dubai Airshow, the world’s leading aerospace event, has confirmed Edge Group will return as its Defence Technology Partner for the 2023 edition. As one of the world’s leading advanced technology and defence groups, Edge will have a major presence at the 18th edition of the Airshow, showcasing a large product portfolio of aviation, defence and technology solutions ...

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, chaired the UAE cabinet meeting at Qasr Al Watan, Abu Dhabi, in the presence of HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance; ...