May, 2023

• 9 May

  DCT Abu Dhabi, Adro to attract global talent in emirate

  

  ABU DHABI / WAM The Department of Culture and Tourism — Abu Dhabi (DCT Abu Dhabi) and the Abu Dhabi Residents Office (Adro), part of the Abu Dhabi Department of Economic Development, have signed a memorandum of understanding (MoU), expressing a shared commitment to showcase the variety of benefits that make Abu Dhabi the destination of choice for expatriate residents. ...

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• 9 May

  Abu Dhabi fastest-growing economy in Mena region

  

  ABU DHABI / WAM The Statistics Centre — Abu Dhabi (SCAD) has released the gross domestic product (GDP) estimates report for 2022, unveiling a 9.3% growth by the end of the year, compared to 2021. The new figures position the emirate as the fastest-growing economy in the Middle East and North Africa region. During 2022, Abu Dhabi’s growth across its ...

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• 9 May

  Under the directives of President of UAE, Sheikh Khaled approves AED85.4 billion budget to build integrated residential neighbourhoods

  

  ABU DHABI / AD MEDIA Under the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE and Ruler of Abu Dhabi, His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has approved a budget of AED85.4 billion to develop integrated residential ...

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• 9 May

  Abu Dhabi’s Fertiglobe reports revenues of $694 million in Q1

  

  ABU DHABI / WAM Fertiglobe, the strategic partnership between Adnoc and OCI Global, on Tuesday reported Q1 2023 revenue of $694 million, adjusted Ebitda of $297 million, adjusted net profit of $135 million, and free cash flow of $271 million. Fertiglobe delivered a 9% increase in own-produced sales volumes during the quarter. This was driven by the company’s disciplined commercial ...

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• 9 May

  Airport Show takes off at Dubai World Trade Centre

  

  DUBAI / WAM The 22nd edition of Airport Show was opened in Dubai on Tuesday amidst brighter outlook for complete and sustainable recovery, growth of passenger demand and focus on future mobility, sustainable infrastructure and innovation. HH Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman of Dubai Airports, and Chairman and Chief Executive of ...

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• 9 May

  Emirates NBD, DIFC to support Dubai Economic Agenda D33

  

  DUBAI / WAM Emirates NBD and the Dubai International Financial Centre (DIFC) have signed a Letter of Intent, which will aim to drive the future of finance, innovation, talent and entrepreneurial growth in the region, thus contributing to Dubai’s GDP growth ambitions. The Letter of Intent was signed at the Dubai FinTech Summit 2023, by Arif Amiri, CEO of DIFC ...

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• 9 May

  ECB’s Knot vows more rate hikes amid ‘too high’ core inflation

  

  BLOOMBERG  The European Central Bank (ECB) needs to continue raising interest rates amid a “too high” underlying inflation rate, said Governing Council member Klaas Knot. The ECB will have to raise borrowing costs “as long as the underlying inflation hasn’t been tamped down,” Knot said in an interview on the Buitenhof TV show. “Our real problem at the moment is ...

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• 9 May

  Sharjah Crown Prince honours winners of second edition of Sharjah Award for Public Finance

  

  SHARJAH / WAM HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah and Chairman, honoured at the Cultural Palace in Sharjah, the winners of the second edition of the Sharjah Award for Public Finance (SAPF). The ceremony began with the playing of the United Arab Emirates’ national anthem and the reading of verses ...

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• 9 May

  Mansoor bin Mohammed highlights efforts to reinforce Dubai’s status as a global sports hub

  

  DUBAI / WAM H.H. Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, Chairman of Dubai Sports Council, presided over a council board meeting at its headquarters. During the meeting, he highlighted Dubai’s sturdy sports and tourism infrastructure, as well as its adaptable legislation, which have contributed to establishing the city’s position as a top destination for regional and international sports ...

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• 9 May

  UAE leaders congratulate President of Paraguay on presidential election win

  

  ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Santiago Pena of Paraguay on the occasion of the presidential election win. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime ...

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