April, 2023

• 16 April

  UAE participates in Menap finance ministers, central bank governors meeting

  

  WASHINGTON / WAM The UAE, represented by the Ministry of Finance, participated in the meeting of finance ministers, central bank governors, and heads of regional financial institutions in the Middle East, North Africa, Afghanistan and Pakistan (Menap) region. The meeting was held on the sidelines of the 2023 Spring Meetings of the World Bank Group (WBG) and the International Monetary ...

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• 16 April

  Abu Dhabi’s Adib goes live on UAE KYC blockchain platform

  

  DUBAI  / GULF TIME Abu Dhabi Islamic Bank (Adic) has become the first Islamic bank to go live on the UAE KYC (Know Your Customer) Blockchain Platform, a national ecosystem for the exchange of verified KYC data between licensing authorities and financial institutions. Dubai’s Department of Economy and Tourism (DET) launched the initiative in 2020 in partnership with a group ...

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• 16 April

  Hamdan bin Mohamed bin Zayed and Zayed bin Mohamed bin Zayed award winners of Jiu-Jitsu President’s Cup 2023

  

  ABU DHABI / GULF TIME His Highness Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan and His Highness Sheikh Zayed bin Mohamed bin Zayed Al Nahyan have presented trophies to the winners of the Jiu-Jitsu President’s Cup 2023 in the Under 14 and Adults divisions at Mubadala Arena in Zayed Sports City. During the visit, Their Highnesses congratulated the players ...

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• 16 April

  Hermes sales jump as China, US shoppers snap up Kelly bags

  

  BLOOMBERG Hermes International’s quarterly sales jumped as Chinese shoppers snapped up its pricey scarves and Kelly handbags, fueling optimism the global luxury industry’s top performers will carry on growing despite economic headwinds. Revenue climbed 23% in the first three months of the year at constant exchange rates, Paris-based Hermes said, exceeding analysts’ estimates. The shares rose as much as 2% ...

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• 16 April

  Walmart offloads Bonobos unit in $235m fashion flop

  

  BLOOMBERG Walmart Inc agreed to sell its Bonobos menswear line to WHP Global and Express Inc for $75 million — $235 million less than what the retail giant paid for the business in 2017. WHP, owner of such brands as Anne Klein and Joseph Abboud, will pay $50 million for the  Bonobos brand, according to a statement. Express, which is ...

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• 16 April

  Airbus regains $110b market value last seen before Covid in 2020

  

  BLOOMBERG Airbus SE has clawed back a €100 billion ($110 billion) market value last reached before the coronavirus pandemic in early 2020 knocked the stock, as a rapid rebound in air travel swells the planemaker’s order book. The Toulouse, France-based planemaker last had a market capitalisation in excess of €100 billion in the early weeks of 2020, after which the ...

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• 16 April

  Delta eyes profit beat ahead of crucial summer travel season

  

  BLOOMBERG Delta Air Lines Inc sees profit this quarter topping Wall Street’s estimates, buoyed by steady bookings heading into the crucial summer travel season, even as it posted weaker-than-expected results for the first months of the year. Adjusted second-quarter earnings will be $2 to $2.25 a share, the Atlanta-based airline said in a statement. That compares with a $1.61 analyst ...

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• 16 April

  Japan’s PM resumes election speech schedule after bomb scare

  

  BLOOMBERG Japanese Prime Minister (PM) Fumio Kishida returned to the campaign trail after being targeted by an explosive device at an event he attended in central Japan, weeks before he hosts the Group of Seven (G-7) world leaders for a summit. A 24-year-old man has been arrested on suspicion he threw an explosive in Kishida’s direction just as he was ...

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• 16 April

  Thaksin-linked party maintains lead in poll ahead of Thai vote

  

  BLOOMBERG Thailand’s main opposition party remains the top choice of voters ahead of a general election next month, with Prime Minister Prayuth Chan-Ocha and his party falling further behind in their bid to retain power, according to an opinion poll. Pheu Thai, linked to former premier Thaksin Shinawatra, was backed by 47% of the participants in the April 3-7 survey ...

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• 16 April

  Death toll mounts in Sudan as clashes escalate on second day

  

  BLOOMBERG Deadly battles between Sudan’s army and a rival paramilitary group spread across the country during a second day of violence, with fatalities rising to at least 56 amid fears of a full-blown civil war. Intense fighting took place at the military’s headquarters in the capital Khartoum, causing parts of the building to catch fire, the army said in a ...

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