April, 2023

• 6 April

  Macron urges Xi to bring Putin ‘back to reason’ over Ukraine

  

  BLOOMBERG French President Emmanuel Macron urged Xi Jinping to use his influence to help restore peace to Ukraine, saying the Chinese leader could bring all sides together to discuss a way to end the Russian invasion. “I know I can count on you to bring Russia back to reason and everybody to the negotiation table,” Macron told Xi during a ...

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• 6 April

  China accuses India of kicking out reporters

  

  BLOOMBERG China accused India of kicking out journalists with its official news agency, and said it would have to take corresponding measures. India recently asked journalists from Xinhua News Agency to leave the country, Chinese Foreign Ministry spokeswoman Mao Ning said on Thursday at a regular press briefing in Beijing. “The Chinese embassy and China’s Ministry of Foreign Affairs have ...

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• 6 April

  McCarthy assures Taiwan’s Tsai ‘ties with US are strong’

  

  BLOOMBERG US House Speaker Kevin McCarthy emerged from a meeting with Taiwan’s President Tsai Ing-wen stressing the importance of the relationship between the two sides to economic freedom, peace and stability in the region. Neither leader mentioned China in their joint public remarks, even as the meeting in Southern California provided a new challenge in the already fraught relations between ...

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• 6 April

  Hottest China trade may unravel as earnings disappoint investors

  

  BLOOMBERG Shares of China’s state-owned enterprises (SOEs) have been a hot trade in a mostly lackluster equities market this year, but disappointing earnings are causing investors to reassess their bullish bets. About three-fifths of the largest constituents in a Hang Seng gauge of state-owned enterprises missed earnings-per-share estimates in the latest results season, according to data compiled by Bloomberg Intelligence. ...

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• 6 April

  Treasury yields extend slide on worries over economy

  

  BLOOMBERG Treasury yields extended a slump and US equity-index futures fluctuated as bets the world economy is set for a sharper slowdown outweighed concerns over elevated inflation and monetary tightening. The two-year US rate, which is the most sensitive to monetary policy, slid for a fifth day, its longest streak since July 2022. Contracts on the Nasdaq 100 index fell ...

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• 6 April

  Sheikh Abdullah meets with Serbian PM in Belgrade

  

  BELGRADE / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has met with Ana Brnabić, Prime Minister of Serbia, during his ongoing work visit to Belgrade. During the meeting, the UAE top diplomat and Brnabić discussed UAE-Serbia cooperation, within the framework of their comprehensive strategic partnership, and prospects to boost their collaboration across ...

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• 6 April

  President of UAE, Serbian counterpart exchange messages

  

  BELGRADE / WAM Aleksandar Vučić, President of the Republic of Serbia, has received a written message from UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan addressing the bilateral relations and the strategic partnership between the two countries. President Vučić also sent a similar message to President His Highness Sheikh Mohamed bin Zayed, as he received HH Sheikh Abdullah ...

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• 6 April

  Emirates NBD arranges $1b inaugural sukuk for Al Rajhi

  

  DUBAI / WAM Emirates NBD has successfully priced a $1 billion senior unsecured sustainable sukuk for Al Rajhi Bank, the world’s largest Islamic bank by assets and market capitalisation. The five-year Sukuk which was priced at a reoffer yield of 4.774 percent generated strong demand, attracting orders of over $3.75 billion. The robust order book allowed Al Rajhi to tighten ...

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• 6 April

  Abu Dhabi’s Borouge inks deal to expand footprint in East Africa

  

  ABU DHABI / WAM Borouge Plc, a petrochemical company that provides innovative and differentiated polyolefin solutions, has entered into a Distribution Agreement with one of the biggest polyolefin distributors in East Africa, Somochem. The agreement builds on a long-standing partnership between Borouge and Somochem and aims to increase Borouge’s footprint and presence in East Africa. The development comes on the ...

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• 6 April

  Etihad marks milestone in first 787 MPL programme

  

  ABU DHABI / WAM Etihad Airways has achieved a significant milestone by completing the “Base Training” of the first of its cadet pilots on an actual Boeing 787 Dreamliner as part of its Multi-Crew Pilot License (MPL) programme. The “Base Training” flights are supervised by qualified instructors and train cadet pilots on take-off and landing techniques. Upon completion of this ...

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