April, 2023

• 10 April

  Rakez attracts 1,839 new firms to RAK in Q1

  

  RAS AL KHAIMAH / WAM Ras Al Khaimah Economic Zone (Rakez) welcomed 1,839 new companies in the first quarter of 2023, representing 122% growth compared to the same period in 2022, indicating a strong start to the year for the economic zone. Rakez Group CEO Ramy Jallad commented on this achievement: “We are thrilled to welcome 1,839 new companies to ...

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• 10 April

  Sharjah chamber receives Bahrain, Cuba delegations

  

  SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) has separately received two high-level diplomatic delegations from Bahrain and Cuba to discuss best practices and regulations for serving the interests of its members and the private sector in Sharjah and the UAE. The meetings also focussed on enhancing economic relations between business communities and exploring investment opportunities in ...

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• 10 April

  UAE takes part in World Bank Group-IMF spring meetings

  

  ABU DHABI / WAM The United Arab Emirates, represented by the Ministry of Finance (MoF), is participating in the 2023 Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF), which will be held in Washington from April 10-16. The UAE delegation is headed by Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs. ...

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• 10 April

  Abdullah bin Zayed, Blinken review latest regional developments

  

  ABU DHABI / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and the US Secretary of State Antony J Blinken, have reviewed the latest developments in the Middle East. This came in a phone call between the two ministers, during which the UAE’s top diplomat emphasised on the importance of stopping escalation between ...

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• 9 April

  Sheikh Zayed’s legacy continues to inspire Emiratis to aid others wherever they are: Hazza bin Zayed

  

  ABU DHABI / WAM HH Sheikh Hazza bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi, said that the UAE, under the leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, has become a global leader in humanitarian work, with its efforts to lend a helping hand sometimes continuing for days and months on end. In a statement ...

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• 9 April

  Sheikh Mohammed bin Rashid honours winners of the fourth Mohammed bin Rashid Medal for Scientific Distinction

  

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, honoured the winners of the fourth edition of the Mohammed bin Rashid Medal for Scientific Distinction, which recognises accomplished scientists and researchers. The award ceremony, held at the Za’abeel Palace, was attended by His Highness Sheikh Maktoum ...

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• 9 April

  Sheikh Zayed was an icon of giving and humanitarianism, force for good: Fujairah Ruler

  

  FUJAIRAH / WAM HH Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, has affirmed that the Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan, was an icon of giving and humanitarianism, and a force for good that benefitted all of humanity. In a statement marking Zayed Humanitarian Work Day, Sheikh Hamad said that ...

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• 9 April

  BOE economist says rates may have to increase as prices fall

  

  BLOOMBERG  The Bank of England (BOE) Chief Economist Huw Pill said officials may need to raise interest rates even as inflation falls to prevent resurgence in prices caused by households and companies trying to claw back their lost income. Inflation is set to drop sharply from the current 10.4% level in the coming months due to lower energy prices and ...

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• 9 April

  JPMorgan’s Dimon sees bank crisis near end even if more fail

  

  BLOOMBERG  The US bank crisis that rattled global markets in March is probably nearing the end, even if more unforeseen failures occur, JPMorgan Chase & Co Chief Executive Officer (CEO) Jamie Dimon said. Only a handful of lenders have the problems that toppled Silicon Valley Bank, and when the industry starts reporting quarterly earnings, the numbers will probably be good, ...

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• 9 April

  Sri Lanka FX reserves rise by $2.69 billion in March

  

  BLOOMBERG  Sri Lanka’s foreign exchange reserves grew in March to the highest in over a year after the South Asian nation clinched a $3 billion International Monetary Fund (IMF) bailout. The stockpile increased to $2.69 billion from $2.22 billion in February, according to data released by the central bank on its website. The reserves include a swap facility from the People’s ...

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