March, 2023

• 15 March

  Islam’s message of compassion, peace inspired the world: UN chief

  

  NEW YORK / WAM The Secretary-General of the United Nations (UN), António Guterres, has emphasised that Islam’s message of peace, compassion, and grace has inspired people worldwide for over a millennium. In his statement on the International Day to Combat Islamophobia, which is observed on March 15, Guterres called for attention and action to eliminate the poison of anti-Muslim hatred. ...

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• 15 March

  UAE, India central banks to boost financial products

  

  ABU DHABI / WAM Emirates Development Bank (EDB), a key financial engine for the economic development and industrial advancement of the UAE, and Hub71, Abu Dhabi’s global tech ecosystem, have co-hosted the ‘Hub71 FinTech Pitch Day’ at the EDB Business Lab Abu Dhabi to support and explore growth opportunities for Hub71’s leading fintech startups. Nine Hub71 fintech startups presented advanced ...

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• 15 March

  Tecom approves AED200m cash dividend for H2 2022

  

  DUBAI / WAM Tecom Group has approved the group’s financial statements for the year ended on December 31 2022. The Board of Directors approved to distribute a cash dividend of AED200 million in April 2023, bringing the total amount of dividend distributions for the second half of 2022 to AED400 million. The announcement came during the Annual General Assembly Meeting ...

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• 15 March

  EDB, Hub71 host event to support Abu Dhabi’s leading fintech firms

  

  ABU DHABI / WAM Emirates Development Bank (EDB), a key financial engine for the economic development and industrial advancement of the UAE, and Hub71, Abu Dhabi’s global tech ecosystem, have co-hosted the ‘Hub71 FinTech Pitch Day’ at the EDB Business Lab Abu Dhabi to support and explore growth opportunities for Hub71’s leading fintech startups. Nine Hub71 fintech startups presented advanced ...

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• 15 March

  Japan needs S Korea to defend against Kim Jong Un’s missiles

  

  BLOOMBERG As Japan and South Korea attempt once again to put their bitter 20th century disputes to rest, it signals a growing recognition in both capitals that their 21st century security may depend on each other. South Korean President Yoon Suk Yeol goes to Tokyo on Thursday trying to end four years of feuding over compensation for Japan’s use of ...

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• 15 March

  Putin meets Assad as Russia pushes for Syria-Turkey accord

  

  BLOOMBERG Russian President Vladimir Putin began talks with Syrian leader Bashar al-Assad in Moscow on Wednesday as the Kremlin steps up efforts to restore ties between Turkey and Syria. Putin said he planned to discuss “all important aspects of cooperation” with Assad, who thanked the Russian leader for backing Syrian demands for the pullout of all foreign forces and expressed ...

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• 15 March

  Russia disputes US account of drone downing over Black Sea

  

  BLOOMBERG A Russian fighter jet collided with a US surveillance drone in international airspace above the Black Sea, causing the American aircraft to crash, the Pentagon said. Russia’s defense ministry denied the US claim, saying its jets didn’t come into contact with the drone, according to a statement posted on Telegram. The statement said the drone’s transponders were off, and ...

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• 15 March

  Australian nuclear subs are ‘worst deal in history,’ says ex-PM

  

  BLOOMBERG Ex-Australian Prime Minister Paul Keating condemned the center-left Labor government’s deal with the US and UK to obtain nuclear submarines, saying the nation’s military sovereignty was being surrendered to the “whim and caprice” of Washington. A former Labour party leader, Keating served as prime minister from 1991 to 1996, during which he sought to loosen Australia’s bonds with the ...

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• 15 March

  ECB should change rates plan, says Bini Smaghi

  

  BLOOMBERG The European Central Bank (ECB) should either delay or pare back this week’s planned interest-rate increase to avoid a policy error reminiscent of 2011, former Executive Board member Lorenzo Bini Smaghi told Boersen-Zeitung. The German newspaper published an interview with the Italian, the eve of a decision for which a half-point hike has been described by President Christine Lagarde ...

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• 15 March

  BofA gets more than $15b in deposits following SVB crisis

  

  BLOOMBERG Bank of America Corp (BofA) mopped up more than $15 billion in new deposits in a matter of days, emerging as one of the big winners after the collapse of three smaller banks dented confidence in the safety of regional lenders. The inflows offer a first glimpse into the deluge of deposits that made its way to the country’s ...

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