May, 2023

• 16 May

  Morgan Stanley weighs to reduce 7% of Asia investment bank jobs

  

  BLOOMBERG  Morgan Stanley is considering a 7% cut in its Asia-Pacific investment banking workforce, with China taking the biggest hit as deteriorating relations with the US and weaker economic growth curb dealmaking, people familiar with the matter said. The bank is likely to start communicating with affected bankers as soon as this week, with more than 40 jobs at risk, …

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• 16 May

  Global central banks use record amount of yuan via PBOC swaps

  

  BLOOMBERG  Global central banks tapped a record amount of the Chinese currency in foreign-exchange swap lines in the first quarter, in another indication of the yuan’s growing international status. The outstanding balance of all foreign currency swaps was 109 billion yuan ($15.6 billion) at the end of March, according to data released by the People’s Bank of China (PBOC). That …

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• 16 May

  UAE, Vietnam discuss ways to strengthen bilateral ties

  

  ABU DHABI / WAM Dr Bader Abdullah Al Matrooshi, UAE ambassador to Vietnam, met with General To Lam, Minister of Public Security of Vietnam. During the meeting, they discussed strengthening relations between the two countries in areas of common interest. Al Matrooshi stressed the depth of relations between the two countries and the keenness of the UAE leadership to reinforce …

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• 16 May

  Abdullah bin Zayed meets UK Secretary of State for Energy Security

  

  LONDON / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met with Grant Shapps, Secretary of State for the Department for Energy Security and Net Zero of the UK. During the meeting, which took place as part of HH Sheikh Abdullah’s working visit to London, the two sides discussed the friendly relations and …

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• 16 May

  Sheikh Khaled bin Mohamed bin Zayed appoints Noura Al Ghaithi as DoH Undersecretary

  

  ABU DHABI / WAM HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, has issued a Resolution appointing Dr Noura Khamis Al Ghaithi as Undersecretary of the Department of Health – Abu Dhabi (DoH).

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• 16 May

  Diez, Curaçao Island discuss cooperation opportunities

  

  DUBAI / WAM Dubai Integrated Economic Zones Authority (Diez) welcomed a high-level delegation from Curaçao Island within the Kingdom of the Netherlands at the Dubai Airport Free Zone (Dafz) to discuss future bilateral cooperation and investment opportunities. Amna Lootah, Director-General of Dubai Airport Freezone (Dafz), and Dr Juma Al Matrooshi, Director-General of Dubai Silicon Oasis (DSO), welcomed the delegation, which …

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• 16 May

  Khalifa Fund, Wio Bank to offer beyond banking digital services

  

  ABU DHABI / WAM Khalifa Fund for Enterprise Development (Khalifa Fund) has signed a memorandum of understanding with Wio Bank PJSC — the region’s first platform bank — to support Khalifa Fund members with access to fast, flexible, and secure banking and financial services from Wio Business, the SME-tailored business banking application from Wio Bank. Through the partnership, the two …

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• 16 May

  Mansour bin Zayed chairs Mubadala Investment’s board of directors meeting

  

  ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Minister of the Presidential Court, and Chairman of the Board of Directors of the Mubadala Investment Company, chaired the meeting of the company’s board held in Qasr Al Watan in Abu Dhabi. HH Sheikh Mansour opened the meeting by lauding the company’s performance …

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• 16 May

  Masdar, Airbus sign deal to support global SAF market

  

  ABU DHABI / WAM Abu Dhabi Future Energy Company (Masdar) has signed an agreement with Airbus, to support the development and growth of the global sustainable aviation fuel market. The signing ceremony was held in the presence of Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, Chairman of Masdar and COP28 President-Designate, Guillaume Faury, Chief Executive Officer, …

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• 16 May

  Operation Gallant Knight 2: 100 days of assistance to Syrian earthquake victims

  LATAKIA / WAM Operation Gallant Knight 2, launched by the Joint Operations Command of the Ministry of Defence, has completed 100 days of continuous support and assistance to Syria following the earthquake on February 06. During this period, 181 aircraft carrying 5,727 tonnes of essential food supplies, medicines and  medical equipment and three ships carrying 5,429 tonnes were dispatched, totalling …

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