April, 2023

• 5 April

  Dubai records over AED1b in real estate deals on one day   

  

  DUBAI / WAM Dubai real estate market recorded 464 sales transactions worth AED827.14 million, in addition to 80 mortgage deals of AED236.13 million, and 9 gift deals amounting to AED14.26 million on Wednesday, data released by Dubai’s Land Department (DLD) showed. The sales included 417 villas and apartments worth AED687.67 million, and 47 land plots worth AED139.47 million. The mortgages ...

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• 5 April

  Sharjah’s focus on heritage of Spain, Arab world highlighted

  

  SHARJAH / WAM José Luis del Valle Merino, Director of the Royal Library of El Escorial, said that the common cultural legacy shared by Spain and the Arab world is underscored by Sharjah’s hosting of the Arabic Manuscript Collection of El Escorial. He added that “This event contributes to raising awareness of the library’s significance and its role in preserving ...

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• 5 April

  Saif bin Zayed attends Majlis Mohamed bin Zayed lecture exploring faith, values, and the future

  

  ABU DHABI / WAM HH Lt General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, attended the latest Majlis Mohamed bin Zayed lecture, titled ‘Navigating the Future: How to Meet the Challenges of Today and Tomorrow’ and delivered by Dr Muhammad Al-Duwaini, Undersecretary of Al-Azhar Al-Sharif. The lecture, which took place at the Sheikh ...

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• 5 April

  Putin says US-Russia relations in ‘deep crisis,’ blames Washington

  

  BLOOMBERG Russian President Vladimir Putin said relations between the US and Russia are “experiencing a deep crisis,” as he sought to blame Washington for his invasion of neighbouring Ukraine. American encouragement of “colour revolutions” led to the war in Ukraine, Putin said at a Kremlin ceremony to receive the credentials of 17 new foreign ambassadors including US envoy Lynne Tracy ...

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• 5 April

  Finland picks Rafael for air defense system

  

  BLOOMBERG Finland selected Rafael Advanced Defense Systems Ltd to provide an air-defense system that will plug a hole in the weaponry of Nato’s newest member at the cost of €316 million ($346 million). A neighbour to Russia with a 1,300-kilometre (800-mile) border, the Nordic country is currently missing high-altitude interception capability after decommissioning the BUK system acquired decades ago from ...

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• 5 April

  Chinese naval surveillance ship docks in South African port

  

  BLOOMBERG A Chinese surveillance ship that can track rocket and spacecraft launches was docked at the eastern port of Durban, less than two months after South Africa drew the ire of Western nations by holding naval exercises with China and Russia. The presence of the Yuan Wang 5, which is now heading west according to data compiled by Bloomberg, has ...

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• 5 April

  Signature Bank insiders sold $100m in stock: WSJ

  

  BLOOMBERG Signature Bank insiders sold a total of more than $100 million of company stock in the past three years, after the company began attracting cryptocurrency clients, the Wall Street Journal (WSJ) has reported. Chairman Scott Shay, Chief Executive Officer Joseph DePaolo and Chief Operating Officer Eric Howell accounted for about half of the total, the newspaper said, citing its ...

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• 5 April

  Australia pauses rate hikes, waters down tightening bias

  

  BLOOMBERG Australia’s central bank (RBA) paused its almost yearlong tightening cycle, highlighting policy lags and a “substantial” slowdown in household spending while keeping the door open to further interest-rate increases. The currency and government bond yields slid after the Reserve Bank of Australia kept the cash rate unchanged at 3.6%, in line with a majority of economists and market expectations. ...

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• 5 April

  Stocks slide amid worries over inflation, economic growth

  

  BLOOMBERG Stocks and US index futures dropped as hawkish messages from the New Zealand and Australian central banks signalled a prolonged fight against inflation and revived concerns about an economic slowdown. Contracts on the S&P 500 Index slipped 0.2% and Europe’s Stoxx 600 declined for a third day. Gold traded near a 13-month high, while Treasury yields rose. Nvidia Corp ...

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• 5 April

  Trading volatility is new reality for bond investors

  

  BLOOMBERG Jarred by daily double-digit moves in Treasury yields, bond investors are bracing for at least another year of rocky trading, abandoning hopes that in 2023 the market would return to normality. That’s forcing them to ditch their old playbooks designed during calmer and more predictable times and look for flexible and nimble investments to ride the most-turbulent market since ...

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