May, 2023

• 4 May

  Emirates signs MoUs to boost tourism with Bahrain, Zambia

  

  DUBAI / WAM Emirates has signed two memorandums of understanding (MoUs) on the final day of the Arabian Travel Market (ATM) with the aim of boosting tourism in Bahrain and Zambia. The airline will support Bahrain’s new four-year strategy for tourism, which aims to attract 14.1 million tourists by 2026. Emirates currently operates 21 weekly flights to Bahrain on its ...

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• 4 May

  DMCC pitches UAE-UK trade to business leaders in London

  

  DUBAI / WAM Dubai Multi Commodities Centre (DMCC) — the world’s flagship free zone and government of Dubai authority on commodities trade and enterprise – has concluded its “Made For Trade Live” global roadshow in London, its eighth in the British capital, hosting business leaders from across the United Kingdom to showcase Dubai’s unique business environment to companies looking to ...

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• 4 May

  Vietnam’s Vice President visits Sheikh Zayed Grand Mosque

  

  ABU DHABI / WAM Vietnam’s Vice President Vo Thi Anh Xuan and her accompanying delegation, on Thursday visited the Sheikh Zayed Grand Mosque (SZGM). They began their tour with a visit to the final resting place of the late Sheikh Zayed bin Sultan Al Nahyan and recalled the Founding Father’s qualities and wise approach that enriched the culture of tolerance ...

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• 4 May

  UAE and US discuss ties in military, defence fields

  

  ABU DHABI / WAM Major General Saleh bin Mejren Al Ameri, Commander of Joint Operations at the UAE Ministry of Defence, has met with Lt Gen Alexus G Grynkewich, Commander, Ninth Air Force (Air Forces Central), Shaw Air Force Base, South Carolina, and the Combined Forces Air Component Commander for US Central Command, Southwest Asia, at the ministry’s headquarters. During ...

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• 4 May

  UAE launches summit visualising future of AI

  

  DUBAI / WAM The UAE government launched the ‘Machines Can See 2023’ summit, one of the international conferences in artificial intelligence (AI) in the whole region, taking place at the Museum of the Future in Dubai, in partnership between Artificial Intelligence, Digital Economy, and Remote Work Applications Office and ‘Machines Can See’ company. The summit aims to convene an array ...

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• 4 May

  US, Philippines to strengthen ties as Marcos visits Pentagon

  

  BLOOMBERG The US and the Philippines promised to deepen their defense alliance through expanded military drills and joint patrols during President Ferdinand Marcos Jr’s visit at the Pentagon where he was given rare honours, amid escalating China tensions. In new bilateral defense guidelines, the nations reaffirmed their commitment to defend each other in case of an armed attack in the ...

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• 4 May

  Trump says ‘Twitter Files’ bolster case Jan 6 ban was illegal

  

  BLOOMBERG Donald Trump says Elon Musk’s release of internal files at Twitter Inc show it was illegal censorship when he was banned on the platform for stoking the January 6 insurrection. The ex-president said in a court filing it’s not enough that Twitter, under the new ownership of Musk, welcomed him back onto the platform late last year — an ...

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• 4 May

  Zelenskiy renews push for fighter jets at Hague

  

  BLOOMBERG The European Union (EU) is considering ways to target third countries seen as doing too little to stop Russia evade sanctions, particularly those that can’t explain spikes in trade of key goods or technologies, according to people familiar with the matter. Ukraine’s President Volodymyr Zelenskiy visited the International Criminal Court in The Hague, where he urged the creation of a ...

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• 4 May

  UniCredit boosts profit, payout targets after record quarter

  

  BLOOMBERG  UniCredit SpA raised its full-year profit target and said it will boost shareholder payouts, after a surge in lending revenue helped the bank post its best-ever first-quarter. The Milan-based bank expects adjusted profit this year above €6.5 billion ($7.2 billion) and investor returns about €500 million higher, according to a statement. Key performance metrics for the period — including ...

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• 4 May

  ADB’s new program offers $15b in loans

  

  BLOOMBERG  The Asian Development Bank (ADB) announced a new programme for financing efforts to counter climate change, stepping up its attempt to back one of its main focusses in the region. The Innovative Finance Facility for Climate Change in Asia and the Pacific (IF-CAP) could create up to $15 billion in new loans, through a goal of $3 billion in ...

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